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 08-01-2015 , and ending 07-31-2016
Name of foundation
CARNAHAN-JACKSON FOUNDATION XXX-XX-XXXX
 
Number and street (or P.O. box number if mail is not delivered to street address)C/O NWSB 1030 STATE STREET SUITE 1
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ERIE, PA16501
A Employer identification number

16-6151608
B Telephone number (see instructions)

(814) 871-5959
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$11,412,868J 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 29 29  
4 Dividends and interest from securities... 285,163 285,163  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 110,243
b Gross sales price for all assets on line 6a 1,680,870
7 Capital gain net income (from Part IV, line 2)... 110,243
8 Net short-term capital gain......... 0
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 5,177 5,177  
12 Total. Add lines 1 through 11........ 400,612 400,612  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 25,172 22,655   2,517
14 Other employee salaries and wages...... 63,386 0 0 63,386
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 450 450 0 0
c Other professional fees (attach schedule).... Click to see attachment 18,691 18,691   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 51,039 6,277   40,883
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 15,356 188   15,168
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 174,094 48,261 0 121,954
25 Contributions, gifts, grants paid....... 441,255 441,255
26 Total expenses and disbursements. Add lines 24 and 25 615,349 48,261 0 563,209
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -214,737
b Net investment income (if negative, enter -0-) 352,351
c Adjusted net income (if negative, enter -0-)... 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......... 371,490 138,474 138,474
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
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)....... 6,912,004 Click to see attachment6,588,880 8,293,102
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).......... 2,679,423 Click to see attachment3,011,685 2,981,292
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) 9,962,917 9,739,039 11,412,868
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 9,878,958 9,660,942
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 83,959 78,097
30 Total net assets or fund balances (see instructions)..... 9,962,917 9,739,039
31 Total liabilities and net assets/fund balances (see instructions). 9,962,917 9,739,039
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
9,962,917
2
Enter amount from Part I, line 27a .....................
2
-214,737
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
796
4
Add lines 1, 2, and 3 ..........................
4
9,748,976
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
9,937
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
9,739,039
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 75000. CLOROX COMPANY NOTES 3.55000% DUE 11/01/2015   2012-02-10 2015-11-01
b 490. CST BRANDS INC   2012-02-14 2015-12-04
c 4620. GUGGENHEIM BULLETSHARES HIGH YIELD CORPORATE BOND ETF   2013-12-09 2015-12-04
d 5708. GUGGENHEIM BULLETSHARES 2015 CORPORATE BOND ETF   2013-12-09 2015-12-04
e 1080. FEDEX CORP   2012-02-09 2015-12-04
1140. F5 NETWORKS   2012-02-09 2015-12-04
2000. RIO TINTO PLC SPONSORED ADR   2012-02-09 2015-12-04
125000. WELLS FARGO BK N A CA 2.00000% 01/25/2024 CD   2012-02-15 2016-01-25
67000. RYDER SYSTEM INC NOTE 3.60000% 03/01/2016   2012-02-13 2016-03-01
4796.163 BARON SMALL CAP INSTL   2012-02-13 2016-07-05
5052.632 WILLIAM BLAIR INTL GROWTH CLASS N   2012-02-13 2016-07-05
2942.908 DODGE & COX INTERNATIONAL STOCK FUND   2012-02-13 2016-07-05
75000. JP MORGAN CHASE 3.15%   2012-02-13 2016-07-05
10621.558 ROYCE FD TOTAL RETURN   2012-02-13 2016-07-05
3870. TECO ENERGY INC   2012-02-09 2016-07-05
CAPITAL GAIN 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 75,000   80,657 -5,657
b 18,186   9,141 9,045
c 118,824   125,015 -6,191
d 123,196   125,234 -2,038
e 167,182   102,075 65,107
118,744   141,649 -22,905
62,759   118,571 -55,812
125,000   125,748 -748
67,000   71,224 -4,224
140,000   135,677 4,323
120,000   118,608 1,392
100,000   113,486 -13,486
75,000   77,512 -2,512
135,000   156,567 -21,567
106,619   69,463 37,156
      128,360
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       -5,657
b       9,045
c       -6,191
d       -2,038
e       65,107
      -22,905
      -55,812
      -748
      -4,224
      4,323
      1,392
      -13,486
      -2,512
      -21,567
      37,156
       
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 2 110,243
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 729,098 11,832,990 0.061616
2013 598,604 11,793,368 0.050758
2012 549,354 10,970,823 0.050074
2011 597,440 10,548,285 0.056639
2010 460,702 10,727,695 0.042945
2
Total of line 1, column (d) .....................
20.262032
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
0.052406
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
11,007,613
5
Multiply line 4 by line 3......................
5
576,865
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
3,524
7
Add lines 5 and 6........................
7
580,389
8
Enter qualifying distributions from Part XII, line 4.............
8
563,209
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 7,047
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 7,047
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 7,047
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 7,596
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 7,596
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 0
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 10 549
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet549 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNY
    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 ofbulletNORTHWEST SAVINGS BANK Telephone no.bullet (814) 452-1000

    Located atbullet1030 STATE ST STE 100ERIEPA ZIP+4bullet16501
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    NORTHWEST SAVINGS BANK TRUSTEE
    8     		25,172    
    1030 STATE STREET STE 100
    ERIE,PA16501
    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.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    10,787,425
    b
    Average of monthly cash balances.......................
    1b
    387,817
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    11,175,242
    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
    11,175,242
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    167,629
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    11,007,613
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    550,381
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    550,381
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    7,047
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,047
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    543,334
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    543,334
    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
    543,334
    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
    563,209
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    563,209
    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
    563,209
    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 7 543,334
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 0
    b From 2011...... 80,550
    c From 2012...... 6,697
    d From 2013...... 16,529
    e From 2014...... 145,164
    fTotal of lines 3a through e........ 248,940
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 563,209
    a Applied to 2014, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 543,334
    e Remaining amount distributed out of corpus 19,875
    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 5 268,815
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		268,815
    10 Analysis of line 9:
    a Excess from 2011.... 80,550
    b Excess from 2012.... 6,697
    c Excess from 2013.... 16,529
    d Excess from 2014.... 145,164
    e Excess from 2015.... 19,875
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    CARNAHAN-JACKSON FOUNDATION
    PO BOX 3326
    JAMESTOWN,NY147015045
    (716) 483-1015
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER OUTLINING: NEED FOR GRANT & ATTACHED COPY OF APPLICANTS TAX EXEMPT STATUS LETTER.
    cAny submission deadlines:
    APPLICATIONS CONSIDERED IN JUNE & SEPTEMBER
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    EDUCATIONAL INSTITUTIONS AND CHARITABLE ORGANIZATIONS LOCATED IN AND/OR SERVING THE JAMESTOWN, NY AREA.
    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
    Inspire Arts and Music Inc
    BOSTON CRUSADERS DRUM & BUGLE CORP
    47 FAIRMOUNT AVENUE
    HYDE PARK,MA02136     		NONE PC UNRESTRICTED- GENERAL 2,500
    UNITED NEGRO COLLEGE FUND
    1805 7TH STREET NW
    NW WASHINGTON,DC20001     		NONE PC UNRESTRICTED- GENERAL 5,250
    International Order of the Kings
    Daughters and Sons
    34 VINCENT AVENUE
    CHAUTAUQUA,NY14722     		NONE PC UNRESTRICTED- GENERAL 5,000
    THE SALVATION ARMY OF JAMESTOWN
    83 SOUTH MAIN STREET
    JAMESTOWN,NY14701     		NONE PC UNRESTRICTED- GENERAL 20,000
    Cooperative Extension Association in the
    State of New York
    1 GENEVA RD-TERRAVEST CORP PARK
    Brewster,NY10509     		NONE PC UNRESTRICTED- GENERAL 25,000
    WELLS COLLEGE
    170 MAIN STREET
    AURORA,NY13026     		NONE PC UNRESTRICTED- GENERAL 10,000
    Winifred Crawford Dibert Boys &
    Girls Club of Jamestown Inc
    62 ALLEN STREET
    JAMESTOWN,NY14701     		NONE PC UNRESTRICTED- GENERAL 25,000
    Girl Scouts of Western New York Inc
    3332 WALDEN AVE STE 106
    Depew,NY14043     		NONE PC UNRESTRICTED- GENERAL 5,500
    PATTERSON LIBRARY
    40 S PORTAGE STREET
    WESTFIELD,NY14787     		NONE PC UNRESTRICTED- GENERAL 6,000
    JAMESTOWN AREA YMCA
    101 EAST FOURTH STREET
    JAMESTOWN,NY14701     		NONE PC UNRESTRICTED- GENERAL 6,000
    YWCA OF JAMESTOWN
    401 NORTH MAIN STREET
    JAMESTOWN,NY14701     		NONE PC UNRESTRICTED- GENERAL 33,500
    CHAUTAUQUA LAKE ASSOCIATION INC
    429 E TERRACE AVENUE
    LAKEWOOD,NY14750     		NONE PC UNRESTRICTED- GENERAL 9,000
    UNITED WAY OF SOUTHERN CHAUTAUQUA
    CNTY
    413 N MAIN STREET
    JAMESTOWN,NY14701     		NONE PC UNRESTRICTED- GENERAL 15,000
    Western New York Public Broadcasting
    Association
    140 LOWER TERRACE ST
    BUFFALO,NY14202     		NONE PC UNRESTRICTED- GENERAL 2,625
    James Prendergast Library Association
    509 CHERRY STREET
    JAMESTOWN,NY14701     		NONE PC UNRESTRICTED- GENERAL 2,500
    CHAUTAUQUA STRIDERS INC
    301 E 2ND ST STE 102
    JAMESTOWN,NY14701     		NONE PC UNRESTRICTED- GENERAL 29,500
    JAMESTOWN COMMUNITY COLLEGE
    525 FALCONER STREET
    JAMESTOWN,NY14701     		NONE PC UNRESTRICTED- GENERAL 50,000
    JAMESTOWN COMMUNITY LEARNING
    COUNCIL
    301 FRONT ST LINCOLN SCHOOL
    JAMESTOWN,NY14701     		NONE PC UNRESTRICTED- GENERAL 5,000
    Northern Chautauqua Canine Rescue Inc
    7540 N GALE STREET
    WESTFIELD,NY14787     		NONE PC UNRESTRICTED- GENERAL 500
    ROBERT H JACKSON CENTER
    305 E 4TH ST
    JAMESTOWN,NY14701     		NONE PC UNRESTRICTED- GENERAL 6,000
    CHAUTAUQUA COUNTY HUMANE
    SOCIETY
    2825 STRUNK ROAD
    JAMESTOWN,NY14701     		NONE PC UNRESTRICTED- GENERAL 5,000
    New Directions Youth & Family Service
    Chautauqua Region Inc
    332 E 4TH ST
    Jamestown,NY14701     		NONE PC UNRESTRICTED- GENERAL 25,000
    CHAUTAUQUA FOUNDATION
    1 AMES AVENUE PO BOX 28
    CHAUTAUQUA,NY14722     		NONE PC UNRESTRICTED- GENERAL 20,000
    JAMESTOWN AUDUBON SOCIETY
    1600 RIVERSIDE RD
    JAMESTOWN,NY14701     		NONE PC UNRESTRICTED- GENERAL 15,000
    Camp Mission Meadows
    5201 EAST LAKE RT 430
    DEWITTVILLE,NY14728     		NONE PC UNRESTRICTED- GENERAL 30,000
    Fredonia College Foundation of
    State University of New York Inc
    272 CENTRAL AVE
    FREDONIA,NY14063     		NONE PC UNRESTRICTED- GENERAL 2,000
    Youth Education in the Arts
    THE CADETS DRUM & BUGLE CORP
    601 WEST HAMILTON STREET
    ALLENTOWN,PA18101     		NONE PC UNRESTRICTED- GENERAL 2,500
    Chautauqua Hospice and Palliative Care
    20 W FAIRMOUNT AVENUE
    LAKEWOOD,NY14750     		NONE PC UNRESTRICTED- GENERAL 15,000
    FOOD BANK OF WESTERN NEW YORK
    91 HOLT STREET
    BUFFALO,NY14206     		NONE PC UNRESTRICTED- GENERAL 5,000
    Marshall Martz Memorial Astronomical
    Association Inc
    PO BOX 14
    FREWSBURG,NY14738     		NONE PC UNRESTRICTED- GENERAL 5,000
    City Mission of the Evangelical
    Churches of Erie PA
    1017 FRENCH ST
    Erie,PA16501     		NONE PC UNRESTRICTED- GENERAL 2,880
    Casa of Chautauqua County Inc
    2 ACADEMY ST STE 5
    MAYVILLE,NY14757     		NONE PC UNRESTRICTED- GENERAL 5,000
    INFINITY VISUAL & PERFORMING ARTS
    INC
    301 E 2ND ST LYNN BUILDING SUITE
    JAMESTOWN,NY14701     		NONE PC UNRESTRICTED- GENERAL 30,000
    THE RELIEF ZONE
    5 FREW RUN STREET PO BOX 334
    FREWSBURG,NY14738     		NONE PC UNRESTRICTED- GENERAL 15,000
    Total .................................bullet 3a 441,255
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		    14 29  
    4 Dividends and interest from securities....     14 285,163  
    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 ............     		    18 110,243  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aPTP INCOME     		    14 5,177  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   400,612  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13400,612
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    CARNAHAN-JACKSON FOUNDATION XXX-XX-XXXX
    EIN:
    16-6151608
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE 450 450    

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    CARNAHAN-JACKSON FOUNDATION XXX-XX-XXXX
    EIN:
    16-6151608
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AT & T INC 97,659 140,693
    AMGEN INCORP COM 111,831 285,570
    APACHE CORP 111,458 55,125
    APPLE COMPUTER 179,816 269,904
    BARON SMALL CAP INSTL 385,197 455,753
    BECTON DICKINSON & CO 112,908 258,720
    WILLIAM BLAIR INTL GWTH CL N 403,301 484,974
    CISCO SYS INC 140,393 214,321
    CITIGROUP INC 77,723 99,887
    COSTCO WHOLESALE CORP 102,094 202,336
    DIAGEO PLC ADS 101,923 128,194
    DODGE & COX INTL STK FD 419,911 480,797
    FEDEX CORP    
    F5 NETWORKS    
    GENERAL ELETCRIC CO 102,511 165,665
    GOLDMAN SACHS GROUP INC 77,823 106,403
    HSBC HLDGS PLC SPONSORED ADR N 78,452 57,476
    INTEL CORP 144,445 186,501
    JOHNSON & JOHNSON COM 112,948 216,648
    ISHARE NASQAQ BIOTECHNOLOGY 115,816 141,826
    REYNOLDS AMERICA INC 48,241 67,181
    LOWES COMPANIES INC COM 102,828 313,487
    MS INSTI FDS GLOBAL RE PTF C 305,683 419,680
    NESTLE SA-SPONSORED ADR 87,937 119,792
    ALERIAN MLP ETF 119,699 130,199
    PAYCHEX INC COM 102,097 191,474
    WEYERHOUSER CO 120,220 157,056
    PROCTER & GAMBLE CO COM 87,568 117,258
    PRUDENTIAL FINANCIAL INC 75,832 97,124
    RIO TINTO PLC SPONSORED ADR    
    ROYAL DUTCH SHELL PLC 171,147 139,320
    ROYCE TOTAL RETURN #267 464,582 467,182
    SANOFI-AVENTIS SPONSORED ADR 113,884 130,022
    SUNCOR ENERGY INC 136,867 107,640
    TECO ENERGY INC    
    TOTAL S.A. ADR 151,132 137,566
    TUPPERWARE BRANDS 102,658 102,795
    UNILEVER PLC ADR NEW 88,418 126,855
    UNITED TECHNOLOGIES CORP 104,158 134,563
    VALERO ENERGY CORP NEW 101,664 231,078
    VAN ECK GLOBAL HARD ASSET CL Y 280,451 199,548
    VERIZON COMMUNICATIONS COM 104,195 152,378
    WELLS FARGO & CO NEW COM 78,409 122,324
    WISDOM TREE EMERGING MKTS HIGH    
    BP PLC SPONSORED ADR 67,248 61,817
    CST BRANDS    
    MONDELEZ INTL INC 57,095 99,835
    ASTRAZENECA PLC SPONS ADR 60,077 60,735
    MCDONALDS CORPORATION 59,990 61,296
    PHILP MORRIS INT INC 59,946 67,274
    TATE & LYLE PLC ADR 61,184 62,510
    WIDSOMTREE INT EQUITY FUND 399,461 264,320

    TY 2015 InvestmentsOtherSchedule2
    Name:
    CARNAHAN-JACKSON FOUNDATION XXX-XX-XXXX
    EIN:
    16-6151608
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AFLAC INC SR NT 2.65% AT COST 75,880 75,593
    AMER EXPRESS CENTM 1.40% CD      
    AMGEN INC BOND 4.10% AT COST 74,950 77,402
    AVON PRODS INC NT AT COST 80,928 72,375
    GUGGENHEIM 2015 CORP BOND ETF      
    BERSHIRE HATHAWAY INC DEL 3.75 AT COST 53,166 55,111
    CLOROX COMPANY NOTES      
    DISCOVER BK GREENWOOD DEL AT COST 75,499 75,458
    FSU FINANCIAL ASSISTANCE INC AT COST 66,624 65,134
    GE CAP RETAIL BK DRAPER UTAH AT COST 61,311 61,819
    GUGGENHEIM HIGH YIELD CORP BD      
    GE CAP RETAIL BK DRAPER UTAH AT COST 63,620 62,347
    GE CAP FINL INC CD 2.90% AT COST 55,778 58,118
    GENERAL ELECTRIC CAP CORP AT COST 79,415 83,584
    GEORGIA MUN ELEC AUTH PWR AT COST 61,993 67,743
    GOLDMAN SACHS BK USA NY AT COST 100,000 106,275
    GOLDMAN SACHS BK USA NY AT COST 150,000 154,281
    HARDIN CNTY TENN TAXABLE GO AT COST 25,927 26,529
    JP MORGAN CHASE 3.15%      
    JEFFERSON CNTY COLO SCH DIST AT COST 54,160 50,907
    KELLOGG CO NOTES 4.15% AT COST 77,229 76,061
    LOCKHEED MARTIN CORPSR NT AT COST 55,624 54,637
    METROPOLITAN TRANSIT AUTH NY AT COST 54,220 58,739
    NEW JERSEY ST TRANSNTR FD AUTH AT COST 81,128 82,365
    OMNICOM GROUP INC NOTE 4.45 AT COST 76,865 77,148
    PNC FDG CORP SUB NT AT COST 67,296 61,297
    PETROBRAS INTERNATIONAL FINANC AT COST 67,248 62,325
    RYDER SYSTEM INC NOTE 3.60%      
    SAIC INC GTG SR NT AT COST 76,666 71,138
    SUNTRUST BK ATLANTA FR AT COST 37,948 36,695
    TOYOTA MTR CRD CORP NT-B AT COST 72,866 72,435
    WACHOVIA 5.625% AT COST 73,836 65,616
    WASHINGTON ST ECONOMIC DEV FIN AT COST 50,934 52,925
    WELLS FARGO BK N.A. CA 2.000%      
    WILDWOOD N J GEN IMPT BDS AT COST 73,701 74,230
    ENBRIDGE ENERGY PARTNERS, L.P. AT COST 70,504 51,859
    AT&T INC NOTE 2.450% 6/30/2020 AT COST 51,597 51,201
    ABBVIE INC NOTE 3.200% 11/6/22 AT COST 63,210 62,991
    AMERICAN EXPESS CENT BK CD 3.8 AT COST 54,762 53,672
    BANK OF AMERICA MTN 3.125% 3/3 AT COST 20,139 19,850
    BED BATH & BEYOND 3.749% 8/1/2 AT COST 68,373 67,642
    CELGENE CORP NOTE 3.250% 8/15/ AT COST 63,150 62,951
    EXPRESS SCRIPTS NOTE 3.000% 7/ AT COST 76,679 76,268
    GOLDMAN SACHS GROUP INC 3.125% AT COST 39,624 40,880
    JPMORGAN CHASE & CO 2.522% 5/3 AT COST 70,021 71,036
    LABRATORY CORP 3.20% 2/1/2022 AT COST 63,163 62,112
    LAWRENCE TWP IND SCHL 2.650% 7 AT COST 51,452 52,153
    MORGAN STANLEY 3.125% 5/17/202 AT COST 79,978 79,396
    MORGAN STANLEY DW 2.875% 11/30 AT COST 25,463 25,344
    PITNEY BOWES INC NOTE 4.625% 3 AT COST 64,920 63,716
    UNUM GROUP NOTE 4.000% 3/15/20 AT COST 64,042 62,364
    WELLS FARGO CO 3.450% 2/13/202 AT COST 79,178 78,561
    WELLS FARGO BANK NA CD 1.550% AT COST 60,618 61,009

    TY 2015 OtherDecreasesSchedule
    Name:
    CARNAHAN-JACKSON FOUNDATION XXX-XX-XXXX
    EIN:
    16-6151608
    Description Amount
    ROUNDING ADJUSTMENT 3
    BOND AMORTIZATION 3,955
    ACCRUED INTEREST PAID ON BOND PUCHASES 5,979


    TY 2015 OtherExpensesSchedule
    Name:
    CARNAHAN-JACKSON FOUNDATION XXX-XX-XXXX
    EIN:
    16-6151608
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NYS EPTL FILING FEE 750 0   750
    UTILITIES 4,750 0   4,750
    POSTAGE 170 0   170
    DELUXE CHECKS CHARGES 98 0   98
    INSURANCE 1,149 0   1,149
    RENT 8,050 0   8,050
    OTHER OFFICE EXPENSES 201 0   201
    OTHER MISCELLANOUS FEES-TRUST 188 188   0


    TY 2015 OtherIncomeSchedule2
    Name:
    CARNAHAN-JACKSON FOUNDATION XXX-XX-XXXX
    EIN:
    16-6151608
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ENBRIDGE ENERGY PARTNERS 5,177 5,177  


    TY 2015 OtherIncreasesSchedule
    Name:
    CARNAHAN-JACKSON FOUNDATION XXX-XX-XXXX
    EIN:
    16-6151608
    Description Amount
    MISCELLANOUS RECEIPTS-CHECKING ACCOUNT 796


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    CARNAHAN-JACKSON FOUNDATION XXX-XX-XXXX
    EIN:
    16-6151608
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COURIER CAPITAL CORPORATION 18,691 18,691    


    TY 2015 TaxesSchedule
    Name:
    CARNAHAN-JACKSON FOUNDATION XXX-XX-XXXX
    EIN:
    16-6151608
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES WITHHELD 6,277 6,277   0
    2014 EXCISE TAXES PAID W/EXTEN 3,879 0   0
    PAYROLL/WITHHOLDING TAXES 35,166 0   35,166
    NYS WITHHOLDING TAXES 4,498 0   4,498
    NYS EMPLOYMENT/OTHER TAXES 1,219 0   1,219