TY 2015 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Information 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
ZS&M WILF FOUNDATION INC
(FORMERLY Z&M FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)200 CENTRAL AVENUE RM/STE 102
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
MOUNTAINSIDE, NJ07092

A Employer identification number

22-3553441

B Telephone number (see instructions)

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$143,035,549J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	11,382,798
2	Check Sch. B .............
3	Interest on savings and temporary cash investments	4,309,016		4,309,016
4	Dividends and interest from securities...
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,094,423
b	Gross sales price for all assets on line 6a 8,574,794
7	Capital gain net income (from Part IV, line 2)...			1,094,423
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	16,786,237		5,403,439
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		6,250	6,250
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		54,208
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		1,204	1,204
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	61,662		7,454	0
25	Contributions, gifts, grants paid.......	7,041,628			7,041,628
26	Total expenses and disbursements. Add lines 24 and 25	7,103,290		7,454	7,041,628
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	9,682,947
b	Net investment income (if negative, enter -0-)			5,395,985
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	1,981,742	3,913,124	3,913,124
	2	Savings and temporary cash investments.........
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........		46,040	46,040
	10a	Investments—U.S. and state government obligations (attach schedule)	3,496,829	10,591,844	10,499,706
	b	Investments—corporate stock (attach schedule).......	66,706,030	68,222,371	91,855,710
	c	Investments—corporate bonds (attach schedule).......	33,863,547	36,249,428	35,336,096
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	4,685,019	1,384,873	1,384,873
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	110,733,167	120,407,680	143,035,549
	17	Accounts payable and accrued expenses..........	8,434
	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 )
	23	Total liabilities (add lines 17 through 22).........	8,434	0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		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	110,724,733	120,407,680
	30	Total net assets or fund balances (see instructions).....	110,724,733	120,407,680
	31	Total liabilities and net assets/fund balances (see instructions).	110,733,167	120,407,680

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

110,724,733

Enter amount from Part I, line 27a .....................

9,682,947

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

120,407,680

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .

120,407,680

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	42816 GNMA 72 E 5 32	P	2009-03-10	2015-01-15
b	399602 GNMA 128 BN 2 42	P	2012-12-14	2015-12-31
c	86221 GNMA 15 NH 4 33	P	2009-05-19	2015-12-31
d	1000000 FNMA 203 PY 3 42	P	2012-10-19	2015-09-21
e	500 CALL VORNADO 125 JUNE SHORT	P	2015-06-22	2015-01-15
	1055915 FMAC 38 BY 4.5 41	P	2011-04-28	2015-10-09
	1200 CALL IBM 160 JULY SHORT	P	2015-05-14	2015-03-19
	494566 FHLMC 44 62 3 45	P	2015-05-07	2015-11-15
	1200 CALL IBM 170 OCT SHORT	P	2015-10-19	2015-05-04
	60381 FNMA 52 BA 3 41	P	2015-09-21	2015-11-25
	500000 AVON PROPERTIES 4.2 18	P	2012-05-31	2015-05-06
	1860866 FNMA 52 BA 3 41	P	2015-09-21	2015-12-02
	1966 KRAFT FOODS	P	2011-08-08	2015-07-06
	94041 FNMA 52 BA 3 41	P	2015-12-22	2015-12-23
	5350 URBAN EDGE PROPERTIES	P	2003-12-24	2015-10-21
	143401 GNMA 129 KH 3 39	P	2014-11-18	2015-12-31
	4630 URBAN EDGE PROPERTIES	P	2003-12-29	2015-10-21
	3856 FNMA 31 GC 2.5 45	P	2015-10-09	2015-10-19
	350 URBAN EDGE PROPERTIES	P	2003-12-29	2015-10-26
	8326 FNMA 51 CD 3 4	P	2015-11-13	2015-12-24
	1630 URBAN EDGE PROPERTIES	P	2003-12-29	2015-10-26
	1000 CALL IBM 160 MARCH SHORT	P	2015-03-19	2014-12-30
	2000 URBAN EDGE PROPERTIES	P	2003-12-29	2005-04-08
	5000 URBAN EDGE PROPERTIES	P	2003-12-29	2015-11-30
	250000 AMB PROPERTY 4.5 17	P	2010-09-15	2015-12-02
	13039 DIRECT TV	P	2013-12-09	2015-07-27

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	42,816	42,897	-81
b	377,898	399,480	-21,582
c	86,222	88,916	-2,694
d	928,120	996,880	-68,760
e	218,495		218,495
	179,171	302,203	-123,032
	767,986	1,756,741	-988,755
	503,815	517,600	-13,785
	1,123,853		1,123,853
	60,381	62,971	-2,590
	468,415	528,695	-60,280
	1,896,915	1,940,689	-43,774
	32,439		32,439
	94,846	95,364	-518
	128,130	55,310	72,820
	143,401	150,099	-6,698
	111,366	44,060	67,306
	3,689	7,964	-4,275
	8,383	3,316	5,067
	10,403	8,621	1,782
	39,521	23,027	16,494
	544,988	98,220	446,768
	48,050	27,912	20,138
	119,751	69,781	49,970
	264,129	256,932	7,197
	371,611	2,693	368,918

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			-81
b			-21,582
c			-2,694
d			-68,760
e			218,495
			-123,032
			-988,755
			-13,785
			1,123,853
			-2,590
			-60,280
			-43,774
			32,439
			-518
			72,820
			-6,698
			67,306
			-4,275
			5,067
			1,782
			16,494
			446,768
			20,138
			49,970
			7,197
			368,918

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	1,094,423
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 ...................		3	737,201

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? Yes No

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	5,227,002	129,558,500	0.040345
2013	5,657,795	116,020,843	0.048765
2012	4,219,847	107,931,070	0.039098
2011	4,933,653	100,287,014	0.049195
2010	3,735,076	84,588,871	0.044156

Total of line 1, column (d) .....................

20.221559

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 . . .

0.044312

Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....

139,150,105

Multiply line 4 by line 3......................

6,166,019

Enter 1% of net investment income (1% of Part I, line 27b)...........

53,960

Add lines 5 and 6........................

6,219,979

Enter qualifying distributions from Part XII, line 4.............

7,041,628

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)

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	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	53,960
	hereand 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	53,960
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	53,960
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	100,000
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	100,000
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	46,040
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax46,040	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions

for definition)?.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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.............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2015)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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) .............

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).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

NEIDICH COMPANY Telephone no. bullet

(908) 654-7010

Located at bullet

200 CENTRAL AVENUE SUITE 102MOUNTAINSIDENJ ZIP+4 bullet

07092

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here....... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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)? ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2015)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (Continued)

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? (see instructions)................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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
ZYGMUNT WILF	TRUSTEE 0.10	0	0	0
820 MORRIS TURNPIKE SHORT HILLS,NJ07078	TRUSTEE 0.10	0	0	0
MARK WILF	TRUSTEE 0.10	0	0	0
820 MORRIS TURNPIKE SHORT HILLS,NJ07078	TRUSTEE 0.10	0	0	0
ELIZABETH WILF	TRUSTEE 0.10	0	0	0
820 MORRIS TURNPIKE SHORT HILLS,NJ07078	TRUSTEE 0.10	0	0	0
LEONARD WILF	TRUSTEE 0.10	0	0	0
820 MORRIS TURNPIKE SHORT HILLS,NJ07078	TRUSTEE 0.10	0	0	0
JASON WILF	TRUSTEE 0.10	0	0	0
820 MORRIS TURNPIKE SHORT HILLS,NJ07078	TRUSTEE 0.10	0	0	0
JONATHAN WILF	TRUSTEE 0.10	0	0	0
820 MORRIS TURNPIKE SHORT HILLS,NJ07078	TRUSTEE 0.10	0	0	0

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...................

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1	N/A
2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2015)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

139,265,549

Average of monthly cash balances.......................

1,957,553

Fair market value of all other assets (see instructions)................

46,040

Total (add lines 1a, b, and c).........................

141,269,142

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

141,269,142

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

2,119,037

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

139,150,105

Minimum investment return. Enter 5% of line 5..................

6,957,505

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

6,957,505

Tax on investment income for 2015 from Part VI, line 5......

53,960

Income tax for 2015. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

53,960

Distributable amount before adjustments. Subtract line 2c from line 1............

6,903,545

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

6,903,545

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

6,903,545

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

7,041,628

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

7,041,628

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).................

53,960

Adjusted qualifying distributions. Subtract line 5 from line 4..............

6,987,668

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)

Page 9

Part XIII

Undistributed Income (see instructions)

	(c) 2014	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7		6,903,545
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......	6,384,076
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2015:
a From 2010......
b From 2011......
c From 2012......
d From 2013......
e From 2014......
fTotal of lines 3a through e........
4Qualifying distributions for 2015 from Part
XII, line 4: $ 7,041,628
a Applied to 2014, but not more than line 2a	6,384,076
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.....		657,552
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2015.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2014. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2016. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........		6,245,993
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8Excess distributions carryover from 2010 not applied on line 5 or line 7 (see instructions) ...
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2011....
b Excess from 2012....
c Excess from 2013....
d Excess from 2014....
e Excess from 2015....

Form 990-PF (2015)

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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).)

ZYGMUNT WILF

MARK WILF

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
PRINCETON UNIVERSITY 330 ALEXANDER ST PRINCETON,NJ08540		PUBLIC	GENERAL	28,000
YESHIVA UNIVERSITY 500 WEST 185TH ST NEW YORK,NY10033		PUBLIC	GENERAL	2,216,666
PINGRY SCHOOL MARTINSVILLE RD POB 366 MARTINSVILLE,NJ08836		PUBLIC	GENERAL	530,000
NEW YORK UNIVERSITY OF LAW 110 WEST THIRD ST NEW YORK,NY10012		PUBLIC	GENERAL	525,000
NEWARK ACADEMY 91 SOUTH ORANGE AVE LIVINGSTON,NJ07039		PUBLIC	GENERAL	500,000
GOLDA OCHS ACADEMY 1418 PLEASNAT VALLEY WAY WEST ORANGE,NJ07052		PUBLIC	GENERAL	5,000
AMERICAN ISRAEL EDUCATION FDN 251 H STREET NW WASHINGTON,DC20001		PUBLIC	GENERAL	75,000
HILLEL 800 8TH STREET NW WASHINGTON,DC20001		PUBLIC	GENERAL	50,000
JEWISH FAMILY SERVICE OF CENTRAL NJ 655 ESTFIELD AVE ELIZABETH,NJ07208		PUBLIC	GENERAL	49,150
JEWISH TELEGRAPHIC AGENCY 330 SEVENTH AVE NEW YORK,NY10001		PUBLIC	GENERAL	50,000
CONGREGATION ETZ CHAIM 1 LAFAYETTE DR LIVINGSTON,NJ07039		PUBLIC	GENERAL	30,500
MUSEUM OF JEWISH HERITAGE 36 BATTERY PL NEW YORK,NY10280		PUBLIC	GENERAL	6,062
CHAMAH 27 WILLIAM ST SUITE 613 NEW YORK,NY10005		PUBLIC	GENERAL	2,500
MIDDLE EAST MEDIA & RESEARCH INSTIT PO BOX 27837 WASHINGTON,DC20038		PUBLIC	GENERAL	10,000
MINNEAPOLIS JEWSIH DAY SCHOOL 4330 CEDAR LAKE RD MINNEAPOLIS,MN55416		PUBLIC	GENERAL	1,000
JEWISH FEDERATION OF GREATER METRO 901 ROUTE 10 WHIPPANY,NJ07981		PUBLIC	GENERAL	25,000
VISUAL ARTS CENTER 68 ELM STREET SUMMIT,NJ07091		PUBLIC	GENERAL	50,000
CHARITY WATER 200 VARICK STREET STE 201 NEW YORK,NY10014		PUBLIC	GENERAL	60,000
PARK EAST SYNAGOGUE 163 EAST 67TH STREET NEW YORK,NY10065		PUBLIC	GENERAL	75,000
CLAL 440 PARK AVENUE SOUTH NEW YORK,NY10016		PUBLIC	GENERAL	10,000
MINNEAPOLIS JEWISH FEDERATION 13100 WAYZATA BLVD MINNETONKA,MN55305		PUBLIC	GENERAL	12,500
UNITED JEWISH FUND & COUNCIL 790 SOUTH CLEVLAND ST PAUL,MN55116		PUBLIC	GENERAL	12,500
VANDERBILT HILLEL 2421 VANDERBILT PLACE NASHVILLE,TN37212		PUBLIC	GENERAL	5,000
NAT'L COALITION SUPPORTING EURASIAN 2020 K STREET NW STE 7800 WASHINGTON,DC20006		PUBLIC	GENERAL	1,000
RUTGERS HILLEL 9 BARTLETT STREET PO BOX 11362 NEW BRUNSWICK,NJ08906		PUBLIC	GENERAL	1,000,000
ALBERT EINSTEIN COLLEGE OF MEDICINE 1300 MORRIS PARK AVENUE ROOM 312 BRONX,NY10461		PUBLIC	GENERAL	500,000
JEWISH FEDERATIONS OF NORTH AMERICA 25 BROADWAY SUITE 1700 NEW YORK,NY10004		PUBLIC	GENERAL	280,000
ALUMNI ASSOC OF THE UNIV OF MICH 200 FLECHTER STREET ANN ARBOR,MI48109		PUBLIC	GENERAL	200,000
UNITED WAY OF GREATER UNION COUNTY 33 WEST GRAND STREET ELIZABETH,NJ07202		PUBLIC	GENERAL	100,000
JCC OF CENTRAL NJ 1391 MARTINE AVENUE SCOTCH PLAINS,NJ07076		PUBLIC	GENERAL	65,000
ST BARNABAS MEDICAL CENTER 94 OLD SHORT HILLS ROAD LIVINGSTON,NJ07039		PUBLIC	GENERAL	50,000
TEACH AMERICA 315 WEST 36TH STREET NEW YORK,NY10018		PUBLIC	GENERAL	50,000
RETHINK ISRAEL INITIATIVE 1200 ROUTE 22 PO BOX 6833 BRIDGEWATER,NJ08807		PUBLIC	GENERAL	50,000
AMER JEWISH JOINT DISTIBUTION COMM 711 THIRD AVENUE NEW YORK,NY10017		PUBLIC	GENERAL	70,000
ANTI-DEFAMATION LEAGUE 605 THIRD AVE 9TH FL NEW YORK,NY10158		PUBLIC	GENERAL	82,000
JEWISH MUSEUM 1109 FIFTH AVENUE NEW YORK,NY10128		PUBLIC	GENERAL	73,000
JEWISH THEOLOGICAL SEMINARY 3080 BROADWAY NEW YORK,NY10027		PUBLIC	GENERAL	30,000
ISRAEL EMERGENCY ALLIANCE PO BOX 341069 LOS ANGELES,CA90034		PUBLIC	GENERAL	25,000
MINNESOTA VIKINGS CHILDREN'S FUND 9520 VIKING DRIVE EDEN PRAIRIE,MN55344		PUBLIC	GENERAL	20,000
JEWISH EDUCATIONAL CENTER 330 ELMORA AVENUE ELIZABETH,NJ07208		PUBLIC	GENERAL	20,000
YM-YWHA OF UNION COUNTY 501 GREEN LANE UNION,NJ07083		PUBLIC	GENERAL	16,800
CURE BREAST CANCER FOUNDATION 1122 CLIFTON AVENUE CLIFTON,NJ07013		PUBLIC	GENERAL	10,500
CONFERENCE OF PRESIDENTS FUND 633 THIRD AVENUE 21ST FL NEW YORK,NY10017		PUBLIC	GENERAL	10,000
HOLOCAUST RESOURCE FOUNDATION 820 MORRIS TURNPIKE SHORT HILLS,NJ07078		PUBLIC	GENERAL	10,000
JEWISH NATIONAL FUND 42 EAST 69TH STREET NEW YORK,NY10021		PUBLIC	GENERAL	10,000
TIKVA CORP 9 CORN ROAD DAYTON,NJ08810		PUBLIC	GENERAL	10,000
FOUNDATION OF JEWISH BROADCASTING 14164 73RD TERRACE FLUSHING,NY11367		PUBLIC	GENERAL	5,000
BRIS AVROHOM CENTER 910 SALEM AVENUE HILLSIDE,NJ07205		PUBLIC	GENERAL	5,000
MORRY'S CAMP INC 350 EXECUTIVE BLVD ELMSFORD,NY10523		PUBLI	GENERAL	5,000
CHILDREN'S DIABETES FOUNDATION 4380 SOUTH SYRACUSE ST SUITE 430 DENVER,CO80237		PUBLIC	GENERAL	2,500
AMERICAN FRIENDS OF YAD ELIEZER INC 1102 E 26TH STREET BROOKLYN,NY11210		PUBLIC	GENERAL	2,500
MEOR HERITAGE RETREATS PO BOX 279 POMONA,NY10970		PUBLIC	GENERAL	1,000
HADASSAH 50 WEST 58TH STREET NEW YORK,NY10019		PUBLIC	GENERAL	1,000
JUDAIC RESEARCH INSTITUTE 747 LIVINGSTON ROAD ELIZABETH,NJ07208		PUBLIC	GENERAL	1,000
CONGREGATION BEIS YISROEL 2835 SALEM AVENUE ST LOUIS PARK,MN55416		PUBLIC	GENERAL	1,000
ADATH SHALOM 841 MOUNTAIN WAY MORRIS PLAINS,NJ07950		PUBLIC	GENERAL	1,000
BLUE CARD FOUNDATION 171 MADISON AVE ROOM 1405 NEW YORK,NY10016		PUBLIC	GENERAL	1,000
LISA B FISHMAN FOUNDATION 11 WEDGEWOOD DRIVE MONTVILLE,NJ07045		PUBLIC	GENERAL	1,000
ALZHEIMERS ASSOCIATION 400 MORRIS AVE SUIT 251 DWNVILLE,NJ07834		PUBLIC	GENERAL	1,000
ASSOC OF JUNIOR LEAGUES INTERNATION 80 MAIDEN LANE SUITE 305 NEW YORK,NY10038		PUBLIC	GENERAL	1,000
MIDDLETOWN HELPS ITS OWN PO BOX 105 PORT MONMOUTH,NJ07758		PUBLIC	GENERAL	250
CORNER HOUSE FOUNDATION 1 MONMOUTH DRIVE PRINCETON,NJ08540		PUBLIC	GENERAL	200
Total ................................. 3a				7,041,628

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
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	4,309,016
4 Dividends and interest from securities....
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	1,094,423
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)..				5,403,439

13Total. Add line 12, columns (b), (d), and (e)..................

135,403,439

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2015)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

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

ZS&M WILF FOUNDATION INC
(FORMERLY Z&M FOUNDATION INC

Employer identification number

22-3553441

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

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

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Do not complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... 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 ZS&M WILF FOUNDATION INC (FORMERLY Z&M FOUNDATION INC

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	JOSEPH WILF 945 WESTMINSTER AVE HILLSIDE, NJ07205	$ 6,435,346	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
2	ZYGMUNT WILF 600 ASHWOOD ROAD SPRINGFIELD, NJ07081	$ 3,000,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
3	MARK WILF 6 LOCKHERN COURT LIVINGSTON, NJ07039	$ 1,947,452	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (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 ZS&M WILF FOUNDATION INC (FORMERLY Z&M FOUNDATION INC		Employer identification number 22-3553441

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
1	FNMA	$ 4,235,346
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
3	8800 SHARES APPLE	$ 947,452
(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 ZS&M WILF FOUNDATION INC (FORMERLY Z&M FOUNDATION INC			Employer identification number 22-3553441
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.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No.from Part I

(b) Purpose 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

(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

(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

(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:

- TIN:

TY 2015 AccountingFeesSchedule

Name:

ZS&M WILF FOUNDATION INC

(FORMERLY Z&M FOUNDATION INC

EIN:

22-3553441

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INDIRECT ACCOUNTING FEES	6,250	6,250

- TIN:

TY 2015 InvestmentsCorpBondsSchedule

Name:

ZS&M WILF FOUNDATION INC

(FORMERLY Z&M FOUNDATION INC

EIN:

22-3553441

Name of Bond	End of Year Book Value	End of Year Fair Market Value
150000 AID-ISRAEL 0 23	55,608	120,395
250000 ALLY FINANCIAL 8 31	257,422	293,750
250000 SUNOCO 5.75 17	268,150	251,288
250000 BEAR STEARNS 5.55 17	263,735	259,802
250000 AMB PROPERTY 4.25 17
250000 BRITISH TELECOM 5.95 18	263,648	269,558
250000 TRANSOCEAN 6 18	264,535	222,500
250000 PITNEY BOWES 4.75 18	263,187	261,715
250000 VIACOM 4.375 18	263,525	264,470
250000 ALABAMA POWER 5.125 19	267,565	268,315
250000 ANHEUSER-BUSCH 5 19	271,125	269,222
250000 USB VODAFONE 5.45 19	265,510	274,000
250000 WISCONSIN POWER&LIGHT 5 19	265,577	273,912
500000 BURLINGTON NORTHERN 4.7 19	532,308	540,740
250000 QUEST DIAGNOSTIC 4.75 20	264,365	264,998
250000 TIME WARNER CABLE 5 20	252,347	264,640
250000 PHILIP MORRIS INT'L 4.5 20	263,322
250000 POTASH CORP SASKATCHWAN 4.875	266,216	271,023
250000 CVS CAREMARK 4.75 20	263,493	269,165
250000 WAL-MART 3.625 20	246,886	267,490
250000 AGILENT TECHNOLOGIES 5 20	268,847	268,587
250000 ERP OPERATING 4.75 20	267,365	270,045
250000 L-3 COMMUNICATIONS 4.75 20	268,460	260,080
250000 TARGET 3.875 20	252,602	268,623
250000 JP MORGAN CHASE 4.4 20	261,167	266,845
250000 ARCELORMITTAL	250,238	199,687
250000 CREDIT SUISSE NY 4.375 20	261,123	268,440
250000 NEWELL RUBBERMAID 4.7 20	266,575	256,705
250000 AETNA 3.95 20	243,150	263,248
250000 ENTERGY 5.125 20	254,006	268,640
250000 CLIFFFS NATURAL RESOURCES 4.8	259,534	47,500
250000 MATTEL 4.35 20	261,062	260,025
250000 CORN PRODUCTS INT'L 4.625 20	262,500	262,867
250000 PEPSICO 3.125 20	238,012	258,843
250000 TRAVELERS COMPANIES 3.9 20	517,595	531,175
250000 PRUDENTIAL FINANCIAL 4.5 20	246,450	268,300
500000 HEWLETT-PACKARD 3.75 20	511,753	496,120
250000 UNION PACIFIC 4 21	251,215	267,165
500000 METLIFE 4.75 21	529,340	547,265
250000 SIMON PROPERTY GROUP 4.625 21	257,252	271,057
250000 LOEW'S COMPANIES 3.75 21	247,220	262,470
250000 BOSTON PROPERTIES 4.125 21	243,206	261,850
250000 CANADIAN PACIFIC 4.45 23	260,817	265,235
250000 ILLINOIS STATE BUILD 5.363 19	258,475	263,792
250000 CALIFORNIA STATE VAR 6.2 19	258,475	287,445
250000 HAWAII STATE BUILD 5.1 24	259,515	284,960
250000 NYS DORMITORY AUTH 5.262 25	258,272	284,350
250000 GEORGIA STATE BUILD 5.014 27	260,228	290,620
250000 UNIV OF MICHIGAN 5.593 40	257,010	300,300
250000 ARECELOMITTAL 6.125 18	272,180	228,750
250000 CISCO SYSTEMS 4.95 19	273,441	273,200
250000 ORACLE 5 19	271,447	274,945
100000 LOCKHEED MARTIN	104,254	107,250
250000 XEROX 5.625 19	273,927	265,943
250000 BOSTON SCIENTIFIC 6 20	267,275	277,602
250000 ADOBE SYSTEMS 4.75 20	257,932	270,757
250000 KRAFT FOODS 5.375 20	270,382	277,718
250000 COMCAST 5.15 20	265,438	279,332
250000 CLIFFS NATURE RESOURCES 5.9	272,900	47,500
100000 GOLDMAN SACHS 5.375 20	104,155	109,854
250000 ANHEUSER BUSCH 5 20	268,576	273,648
250000 NORDSTROM 4.75 20	265,150	270,207
250000 PRUDENTIAL FINANCIAL 5.375 2	269,045	277,943
250000 JP MORGAN 4.25 20	245,283	263,210
250000 DOW CHEMICAL 4.25 20	262,175	261,692
500000 HOME DEPOT 4.4 21	528,932	550,610
250000 ALTRIA GROUP 4.75 21	268,863	271,255
250000 CVS CAREMARK 4.125 21	260,557	264,460
500000 AVON PRODUCTS 4.2 18
500000 AMGEN 4.1 21	540,800	526,580
500000 WHIRLPOOL 4.85 21	540,000	535,230
250000 BERKSHIRE HATHAWAY 3.75 21	266,512	266,605
250000 LOCKHEED MARTIN 3.35 21	267,667	256,103
500000 CLOROX 3.8 21	538,950	520,850
250000 UNITED HEALTH GROUP 3.375 21	274,483	258,402
500000 GENERAL MILLS 3.15 21	524,769	500,375
500000 AT&T 3 22	519,250	490,140
500000 CIGNA 4 22	531,185	516,795
250000 WALT DISNEY 2.55 22	260,700	251,605
250000 CBS 3.375 22	265,192	247,228
500000 KELLOGG 3.125 22	516,250	493,390
250000 ANHEUSER BUSCH 2.5 22	257,460	240,520
250000 CAMBELL SOUP 2.5 22	256,338	237,172
250000 ALTRIA GROUP 2.85 22	254,065	243,720
500000 ESTEE LAUDER 2.35 22	508,412	483,975
250000 PACIFIC GAS & ELECTRIC	258,170	245,653
250000 PHILIP MORRIS 2.5 22	257,460	244,952
500000 THERMO FISCHER SCIENTIFIC3.15	525,405	486,745
250000 UNION PACIFIC 2.95 23	266,992	250,777
250000 AIR PRODUCTS & CHEMICALS 4.37	292,915	267,058
250000 BAXTER INTERNATIONAL 4.25 20	291,610	262,348
250000 UNITED TECHNOLOGIES 4.5 20	296,898	275,580
250000 WASTE MANAGEMENT 4.6 21	289,187	269,645
250000 BANK OF NY MELLON 3.55 21	264,598	262,250
250000 VERIZON COMMUNICATIONS 3.5 21	270,540	255,250
250000 KIMBERLY CLARK 2.4 22	258,675	246,510
250000 NORFOLK SOUTHERN 3 22	263,160	247,115
250000 CATERPILLAR 2.6 22	258,091	245,275
250000 MERCK 2.4 22	254,074	244,970
250000 INTEL 2.7 22	253,520	247,333
250000 BERKSHIRE HATHAWAY 3 22	250,378	254,720
250000 COCA COLA 2.5 33	260,202	248,443
250000 FEDEX 2.7 23	254,278	242,647
250000 AFLAC 3.625 23	511,771	517,630
250000 BAXTER INTERNATIONAL 3.2 23	252,380	239,233
250000 VERIZON COMMUNICATIONS 5.15	277,722	274,832
100000 APPLE 2.4 23	91,156	93,222
100000 VERIZON COMMUNICATIONS 6.4 33	111,180	113,928
100000 NORFOLK COUTHERN 7.05 37	127,375	125,787
100000 BOEING 6.875 39	134,805	137,028
100000 APPLE 3.85 43	84,410	92,131
250000 KIMBERLY CLARK 3.875 21	269,078	269,153
250000 GOLDMAN SACHS 3.25 22	253,925	241,660
250000 WELLS FARGO 3.45 23	251,070	250,590
250000 HALLIBURTON 3.25 23	256,900	245,355
250000 WELLS FARGO 4.48 24	264,725	262,942
250000 COLGATE PALMOLIVE 3.25 24	251,950	259,873
250000 VIACOM 3.875 24	259,387	234,260
250000 PFIZER 3 23	258,257	251,840
250000 BRISTOL MYERS SQUIBB 3.25 23	263,197	257,375
250000 HONEYWELL INTL 3.35 23	268,440	255,415
250000 JOHNSON & JOHNSON 3.375 23	271,932	265,018
250000 JP MORGAN CHASE	267,275	257,018
250000 BANK OF NEW YORK MELLON	269,205	259,580
250000 GENERAL ELECTRIC 3.375 24	267,538	258,727
250000 WAL-MART 3.3 24	267,597	257,980
250000 MCDONALDS 3.25 24	263,703	246,635
250000 GOLDMAN SACHS 3.85 24	263,100	255,115
250000 AETNA 3.5 24	259,612	249,550
250000 FEDEX 3.2 25	251,652	243,160

- TIN:

TY 2015 InvestmentsCorpStockSchedule

Name:

ZS&M WILF FOUNDATION INC

(FORMERLY Z&M FOUNDATION INC

EIN:

22-3553441

Name of Stock	End of Year Book Value	End of Year Fair Market Value
158544 IBM	22,779,496	27,323,625
36000 LOWES COMPANIES	542,749	2,737,440
19000 WALMART STORES	1,325,000	1,164,700
326905 VORNADO REALTY TRUST	22,278,396	32,677,424
5000 MORGAN STANLEY CAP TR IV 6.25 P	125,000	126,850
10000 FLORIDA P & L TRUST 5.875 PFD	250,000	259,989
2585 AVALON BAY COMM REIT	187,793	475,976
27562 CONNECTONE BANCORP	314,200	515,134
3000 ESSEX PROPERTY TRUST REIT	196,680	718,230
27964 WELLS FARGO	2,756,648	1,520,123
17975 INTEL	450,404	619,239
48880 NEW YORK COMMUNITY BANCORP	257,820	797,722
10000 OCCIDENTAL PETROLEUM	734,190	676,100
6000 PETROBAS	323,370	25,800
70800 APPLE INC	3,991,597	7,452,408
20000 VORNADO REALTY TRUST SER J	500,000	511,600
2200 CHEVRON	199,262	197,912
3000 COCA COLA	196,077	257,760
25700 ELI LILY	1,179,643	2,165,482
1966 KRAFT FOODS	70,010	143,046
398 GENERAL MOTORS WARRENTS 19	30,405	9,679
398 GENERAL MOTORS WARRANTS 19	23,167	6,485
5000 FIRST REBULIC BANK 6.2 PFD	125,000	130,950
20000 GOLDMAN SACHS 5.95 PFD	500,000	523,800
5900 MONDELEZ INTERNATIONAL	129,572	264,556
102 MOTORS LIQ CO		1,484
6000 HSBC HOLDINGS 8 PFD	166,505	156,240
6000 WELLS FARGO 8 PFD	175,205	175,205
20000 CITI GROUP SER J 7.125 PFD	500,000	560,200
10000 VORNADO REALTY TRUST SER L 5.4	250,000	243,299
20000 WELLS FARGO 5.85 PFD	500,000	522,400
13399 ARCHER DANIELS MIDLAND	566,777	495,475
5000 BRISTOL MEYERS SQUIBB	258,600	343,950
13039 DIRECT TV
10000 EBAY	205,660	281,200
5000 NOVARTIS	386,000	430,200
20000 ORACLE	684,600	798,800
2916 TWENTY FIRST CENTURY FOX	96,461	100,573
6870 VALERO ENERGY	325,020	485,778
4772 VODAPHONE	216,100	153,945
10000 BANK OF AMERICA 6.625 PFD	250,000	267,400
10000 JP MORGAN CHASE 6.7 PFD	250,000	274,800
10000 JP MORGAN CHASE 6.3 PFD	250,000	262,600
4000 CALIFORNIA RESOURCES	26,510	9,320
2301 VERIZON COMMUNICATIONS	110,713	106,352
10000 JP MORGAN CHASE 6.125 PFD	250,000	261,200
144452 URBAN EDGE PROPERTIES	2,113,906	3,387,399
24669 AT&T	855,795	848,860
10000 PAYPAL	318,040	387,000

- TIN:

TY 2015 InvestmentsGovtObligationsSch

Name:

ZS&M WILF FOUNDATION INC

(FORMERLY Z&M FOUNDATION INC

EIN:

22-3553441

US Government Securities - End of Year Book Value:

10,591,844

US Government Securities - End of Year Fair Market Value:

10,499,706

State & Local Government Securities - End of Year Book Value:

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

- TIN:

TY 2015 InvestmentsOtherSchedule2

Name:

ZS&M WILF FOUNDATION INC

(FORMERLY Z&M FOUNDATION INC

EIN:

22-3553441

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
MERRILL LYNCH CMA FUND	AT COST	1,384,873	1,384,873

- TIN:

TY 2015 OtherExpensesSchedule

Name:

ZS&M WILF FOUNDATION INC

(FORMERLY Z&M FOUNDATION INC

EIN:

22-3553441

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
EXPENSES
OFFICE EXPENSE	1,204	1,204

- TIN:

TY 2015 TaxesSchedule

Name:

ZS&M WILF FOUNDATION INC

(FORMERLY Z&M FOUNDATION INC

EIN:

22-3553441

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FEDERAL EXCISE TAX	54,208