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 11-01-2015 , and ending 10-31-2016

Name of foundation
ELIZABETH S BLACK CHARITABLE TRUST

Number and street (or P.O. box number if mail is not delivered to street address)620 LIBERTY AVENUE 10TH FLOOR
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
PITTSBURGH, PA152222705

A Employer identification number

04-3731472

B Telephone number (see instructions)

(412) 768-9969

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

$10,018,671J 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	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check Sch. B .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	227,837		227,837
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		308,618
b	Gross sales price for all assets on line 6a 3,885,402
7	Capital gain net income (from Part IV, line 2)...			308,618
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).......		2,412	-1,342
12	Total. Add lines 1 through 11........	538,867		535,113
13	Compensation of officers, directors, trustees, etc.	116,092		58,046		58,046
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		11,292	701		0
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).......			14
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	127,384		58,761	0	58,046
25	Contributions, gifts, grants paid.......	536,002				536,002
26	Total expenses and disbursements. Add lines 24 and 25	663,386		58,761	0	594,048
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-124,519
b	Net investment income (if negative, enter -0-)			476,352
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	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.............
	2	Savings and temporary cash investments.........	430,566	477,084	477,084
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	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 0
	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).......	2,125,003	2,209,972	2,716,675
	c	Investments—corporate bonds (attach schedule).......	250,658
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	5,902,796	5,897,443	6,824,912
	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)	8,709,023	8,584,499	10,018,671
	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 )
	23	Total liabilities (add lines 17 through 22).........		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........	8,582,625	8,558,212
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	126,398	26,287
	30	Total net assets or fund balances (see instructions).....	8,709,023	8,584,499
	31	Total liabilities and net assets/fund balances (see instructions).	8,709,023	8,584,499

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

8,709,023

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

-124,519

Other increases not included in line 2 (itemize) bullet

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

8,584,504

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 .

8,584,499

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	193. HCA HOLDINGS INC		2014-07-21	2015-11-02
b	291. NXP SEMICONDUCTORS ISIN NL0009538784 SEDOL B505PN7		2013-11-27	2015-11-02
c	9. NXP SEMICONDUCTORS ISIN NL0009538784 SEDOL B505PN7		2013-11-27	2015-11-02
d	215. MAGNA INTERNATIONAL ISIN CA5592224011		2013-12-31	2015-11-09
e	282. MAGNA INTERNATIONAL ISIN CA5592224011		2013-12-31	2015-11-10
	180. AETNA INC NEW		2013-05-31	2015-11-11
	70. CIGNA CORP		2014-07-15	2015-11-11
	6. MAGNA INTERNATIONAL ISIN CA5592224011		2013-12-31	2015-11-11
	277. MAGNA INTERNATIONAL ISIN CA5592224011		2013-12-31	2015-11-11
	13. SNAP-ON INC COM		2014-09-12	2015-11-16
	100. SNAP-ON INC COM		2014-12-12	2015-11-16
	30. SNAP-ON INC COM		2015-05-26	2015-11-16
	17. SNAP-ON INC COM		2014-09-12	2015-11-17
	356. ST JUDE MEDICAL INC		2014-02-21	2015-11-20
	44. ST JUDE MEDICAL INC		2014-02-21	2015-11-20
	21. SIGNET JEWELERS LTD ISIN BMG812761002 SEDOL B3CTNK6		2015-11-10	2015-12-16
	102. SIGNET JEWELERS LTD ISIN BMG812761002 SEDOL B3CTNK6		2015-11-10	2015-12-16
	15. SIGNET JEWELERS LTD ISIN BMG812761002 SEDOL B3CTNK6		2015-11-09	2015-12-16
	4. SIGNET JEWELERS LTD ISIN BMG812761002 SEDOL B3CTNK6		2015-11-09	2015-12-17
	48. SIGNET JEWELERS LTD ISIN BMG812761002 SEDOL B3CTNK6		2015-11-09	2015-12-17
	190. GOLDMAN SACHS GROUP INC COM		2015-05-13	2015-12-18
	1. SCHERING-PLOUGH CORP		2001-01-01	2016-01-20
	4695.607 AQR MANAGED FUTURES STRATEGY FUND CLASS I		2015-07-24	2016-01-25
	189.979 AQR MANAGED FUTURES STRATEGY FUND CLASS I		2014-12-10	2016-01-25
	16816.395 DRIEHAUS ACTIVE INCOME FUND FUND 640		2015-10-27	2016-01-25
	19966.009 GOLDMAN SACHS ABSOLUTE RETURN TRACKER FUND CL I		2015-10-27	2016-01-25
	190. BOEING CO		2012-07-31	2016-01-29
	484. MONDELEZ INTERNATIONAL		2015-09-15	2016-02-05
	784. INVESCO LTD ISIN BMG491BT1088 SEDOL B28XP76		2013-05-09	2016-02-05
	21. MONDELEZ INTERNATIONAL		2015-09-15	2016-02-08
	115. MONDELEZ INTERNATIONAL		2015-09-15	2016-02-08
	256. INVESCO LTD ISIN BMG491BT1088 SEDOL B28XP76		2013-05-09	2016-02-08
	210. STANLEY BLACK & DECKER INC		2015-06-10	2016-02-16
	11. STANLEY BLACK & DECKER INC		2015-06-10	2016-02-16
	109. STANLEY BLACK & DECKER INC		2015-06-10	2016-02-17
	250. APPLE INC		2013-10-22	2016-03-02
	290. SKYWORKS SOLUTIONS INC COM		2014-03-21	2016-03-02
	630. KROGER CO		2014-05-07	2016-03-11
	15060.373 FIDELITY ADVISOR FLOATING HIGH INCOME FUND I		2010-11-15	2016-03-15
	4288.267 HARBOR FD INTL FD		2004-03-09	2016-03-15
	166.428 HARBOR FD CAP APPRECIATION FD		2010-08-17	2016-03-15
	430. ISHARES TR RUSSELL MIDCAP INDEX FD		2009-04-13	2016-03-15
	475. ISHARES TR RUSSELL 2000		2009-09-09	2016-03-15
	393.106 MFS VALUE FUND CLASS I FUND 893		2015-12-31	2016-03-15
	12850.799 TEMPLETON GLOBAL BOND FUND AD FUND		2011-08-31	2016-03-15
	155. SNAP-ON INC COM		2014-09-12	2016-03-17
	15. SNAP-ON INC COM		2014-09-12	2016-03-17
	1309.373 DIAMOND HILL LONG-SHORT FUND CL I		2015-04-27	2016-04-27
	4415.532 DIAMOND HILL LONG-SHORT FUND CL I		2014-06-04	2016-04-27
	440.999 T ROWE PRICE REAL ESTATE FUND FD 122		2015-07-24	2016-04-27
	183. AMERIPRISE FINANCIAL INC		2015-01-23	2016-04-29
	17. AMERIPRISE FINANCIAL INC		2015-01-23	2016-05-02
	805. CISCO SYS INC COM		2014-07-01	2016-05-05
	132. MICROSOFT CORP		2015-12-18	2016-05-05
	280. APPLE INC		2013-10-10	2016-05-06
	785. CISCO SYS INC COM		2011-11-14	2016-05-06
	364. L BRANDS INC		2014-09-26	2016-05-06
	16. L BRANDS INC		2014-09-26	2016-05-06
	16. MICROSOFT CORP		2015-12-18	2016-05-06
	82. MICROSOFT CORP		2015-12-18	2016-05-06
	40. MICROSOFT CORP		1996-06-17	2016-05-06
	100. THE TRAVELERS COS INC		2015-08-13	2016-05-19
	350. THE TRAVELERS COS INC		2014-05-02	2016-05-19
	141. LINCOLN NATIONAL CORP		2014-09-15	2016-05-20
	236. LINCOLN NATIONAL CORP		2013-11-14	2016-05-23
	423. LINCOLN NATIONAL CORP		2013-11-14	2016-05-24
	1. ST. JUDE MEDICAL, INC. SECURITIES LITIGATION		2001-01-01	2016-05-24
	210. GENERAL ELEC CO COM		2010-05-04	2016-05-26
	43. NORTHROP GRUMMAN CORPORATION		2015-02-20	2016-05-26
	30. NORTHROP GRUMMAN CORPORATION		2015-07-20	2016-05-27
	37. NORTHROP GRUMMAN CORPORATION		2015-02-20	2016-05-27
	276. HORMEL FOODS CORP		2016-02-08	2016-06-02
	58. HORMEL FOODS CORP		2016-02-08	2016-06-02
	306. HORMEL FOODS CORP		2016-02-05	2016-06-03
	88. ALASKA AIR GROUP INC		2015-11-17	2016-06-16
	80. CVS CAREMARK CORP		2013-02-22	2016-06-16
	203. ALASKA AIR GROUP INC		2015-11-16	2016-06-17
	59. ALASKA AIR GROUP INC		2015-11-16	2016-06-20
	140. EDWARDS LIFESCIENCES CORP		2015-02-06	2016-06-23
	190. PRINCIPAL FINANCIAL GROUP COM		2015-08-13	2016-06-23
	637. PRINCIPAL FINANCIAL GROUP COM		2014-08-06	2016-06-23
	160. EDWARDS LIFESCIENCES CORP		2015-02-06	2016-06-24
	133. PRINCIPAL FINANCIAL GROUP COM		2014-08-06	2016-06-24
	385. FOOT LOCKER INC		2014-04-08	2016-06-30
	35. FOOT LOCKER INC		2014-04-08	2016-06-30
	130. FOOT LOCKER INC		2014-04-08	2016-07-01
	414. TE CONNECTIVITY LTD SEDOL B62B7C3 ISIN CH0102993182		2014-01-29	2016-07-13
	226. TE CONNECTIVITY LTD SEDOL B62B7C3 ISIN CH0102993182		2014-01-29	2016-07-14
	1. PFIZER INC XXX-XX-XXXX		2001-01-01	2016-07-19
	90. CELANESE CORP-SERIES A		2015-10-26	2016-07-21
	169. DOW CHEMICAL CO		2015-04-29	2016-07-21
	31. DOW CHEMICAL CO		2015-04-29	2016-07-21
	50. PPG INDS INC COM		2015-03-02	2016-07-21
	70. PPG INDS INC COM		2015-02-27	2016-07-21
	40. CELANESE CORP-SERIES A		2015-10-26	2016-07-22
	1788.67 DIAMOND HILL LONG-SHORT FUND CL I		2014-06-04	2016-07-26
	8176.422 EATON VANCE GLOBAL MACRO ABSOLUTE RETURN FUND		2014-12-10	2016-07-26
	3587.336 EATON VANCE GLOBAL MACRO ABSOLUTE RETURN FUND		2016-04-27	2016-07-26
	21591.793 EATON VANCE GLOBAL MACRO ABSOLUTE RETURN FUND		2016-01-25	2016-07-26
	4524.775 NEUBERGER BERMAN REAL ESTATE FUND CLASS I		2016-04-27	2016-07-26
	452. SPDR GOLD TRUST ETF		2016-04-27	2016-07-26
	163. CIGNA CORP		2014-07-15	2016-08-02
	37. CIGNA CORP		2014-07-15	2016-08-02
	280. GILEAD SCIENCES INC COM		2015-09-14	2016-08-02
	914. FORD MTR CO DEL COM PAR $0.01		2016-05-06	2016-08-05
	82. TRACTOR SUPPLY CO COM		2015-04-21	2016-08-05
	1116. FORD MTR CO DEL COM PAR $0.01		2016-05-09	2016-08-08
	274. TRACTOR SUPPLY CO COM		2015-04-21	2016-08-08
	14. TRACTOR SUPPLY CO COM		2015-04-22	2016-08-08
	10671.652 FIDELITY ADVISOR FLOATING HIGH INCOME FUND I		2010-11-15	2016-08-11
	738.916 HARBOR FD CAP APPRECIATION FD		2010-08-17	2016-08-11
	122.671 MFS VALUE FUND CLASS I FUND 893		2015-12-31	2016-08-11
	1121.11 MFS VALUE FUND CLASS I FUND 893		2010-08-17	2016-08-11
	64. CHECK POINT SOFTWARE COM		2014-09-05	2016-08-19
	170. CHECK POINT SOFTWARE COM		2014-09-05	2016-08-22
	126. CHECK POINT SOFTWARE COM		2014-09-05	2016-08-23
	90. CELANESE CORP-SERIES A		2015-07-10	2016-08-24
	133. CELANESE CORP-SERIES A		2015-07-10	2016-08-25
	177. CELANESE CORP-SERIES A		2015-07-10	2016-08-26
	300. DOLLAR GENERAL CORP		2016-06-30	2016-08-31
	86. CINTAS CORP		2015-03-27	2016-09-07
	470. WELLS FARGO & CO NEW COM		2009-08-05	2016-09-07
	47. CINTAS CORP		2015-03-27	2016-09-08
	57. CINTAS CORP		2015-03-27	2016-09-09
	1360. DB X-TRACKERS MSCI JAPAN HDG ETF		2015-05-11	2016-09-13
	1250. DEUTSCHE X-TRACKERS MSCI EUR ETF		2015-05-11	2016-09-13
	593. KROGER CO		2014-05-07	2016-09-13
	97. KROGER CO		2014-05-07	2016-09-13
	170.261 MFS VALUE FUND CLASS I FUND 893		2010-08-17	2016-09-13
	2064.48 MAINSTAY EPOCH GLOBAL EQUITY YIELD FUND CLASS I		2013-11-22	2016-09-13
	140. PIMCO 0-5 YEAR HIGH YIELD CORPORATE BOND FUND		2013-11-22	2016-09-13
	4854.369 WESTERN ASSET TOT RET UN-IN		2015-07-10	2016-09-13
	120. EXXON MOBIL CORP		2014-11-17	2016-09-16
	92. HONEYWELL INTL INC		2015-05-26	2016-09-16
	18. HONEYWELL INTL INC		2015-05-26	2016-09-16
	130. SCHLUMBERGER LTD COM		2013-10-29	2016-09-16
	707. D R HORTON INC		2015-10-15	2016-09-26
	14. D R HORTON INC		2015-10-15	2016-09-26
	11. D R HORTON INC		2015-10-15	2016-09-26
	158. D R HORTON INC		2015-10-15	2016-09-27
	186. PPG INDS INC COM		2015-02-27	2016-10-14
	34. PPG INDS INC COM		2015-02-27	2016-10-14
	.4 ADVANSIX INC - W/I		2015-02-02	2016-10-17
	250000. AMERICAN INTL GROUP NTS		2007-02-21	2016-10-18
	436. CVS CAREMARK CORP		2013-02-22	2016-10-19
	24. CVS CAREMARK CORP		2013-02-22	2016-10-19
	140. LOCKHEED MARTIN CORP		2013-11-25	2016-10-21
	72. PUBLIC STORAGE INC		2015-09-03	2016-10-21
	2851.206 AQR EQUITY MARKET NEUTRAL-I		2016-07-26	2016-10-24
	3003.782 AQR MANAGED FUTURES STRATEGY FUND CLASS I		2016-07-26	2016-10-24
	5975.86 GOLDMAN SACHS ABSOLUTE RETURN TRACKER FUND CL I		2016-07-26	2016-10-24
	88. PUBLIC STORAGE INC		2015-09-03	2016-10-24
	428.326 T ROWE PRICE REAL ESTATE FUND FD 122		2016-07-26	2016-10-24
	942.113 VAN ECK GLOBAL HARD ASSETS FUND CLASS I FD 408		2016-07-26	2016-10-24
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	13,217	11,885	1,332
b	22,331	12,302	10,029
c	707	380	327
d	10,218	8,817	1,401
e	13,137	11,565	1,572
	19,010	11,095	7,915
	9,274	6,577	2,697
	280	246	34
	12,700	11,360	1,340
	2,158	1,635	523
	16,599	13,316	3,283
	4,980	4,677	303
	2,803	2,139	664
	22,039	24,089	-2,050
	2,754	2,977	-223
	2,484	3,127	-643
	11,944	15,186	-3,242
	1,773	2,196	-423
	468	585	-117
	5,623	7,019	-1,396
	33,468	38,237	-4,769
	166		166
	49,492	50,666	-1,174
	2,002	2,137	-135
	162,615	171,191	-8,576
	172,307	181,890	-9,583
	22,716	13,272	9,444
	18,382	20,778	-2,396
	21,229	28,207	-6,978
	779	902	-123
	4,183	4,937	-754
	6,597	8,466	-1,869
	19,531	22,524	-2,993
	1,024	1,168	-144
	10,133	11,570	-1,437
	25,062	19,062	6,000
	19,948	11,180	8,768
	24,218	14,493	9,725
	137,200	148,390	-11,190
	251,292	167,721	83,571
	9,300	5,164	4,136
	68,192	25,409	42,783
	50,425	27,897	22,528
	13,000	12,957	43
	144,700	177,341	-32,641
	24,182	19,499	4,683
	2,340	1,887	453
	32,093	31,940	153
	108,225	105,202	3,023
	12,463	11,651	812
	17,561	23,753	-6,192
	1,654	2,204	-550
	21,125	21,152	-27
	6,592	7,240	-648
	25,896	19,702	6,194
	20,649	17,803	2,846
	25,301	24,900	401
	1,109	1,095	14
	798	878	-80
	4,107	4,497	-390
	2,003	897	1,106
	11,007	10,722	285
	38,526	31,857	6,669
	6,314	7,639	-1,325
	10,475	12,315	-1,840
	19,077	20,934	-1,857
	376	25	351
	6,308	3,940	2,368
	9,200	7,371	1,829
	6,419	5,099	1,320
	7,917	6,342	1,575
	9,447	11,082	-1,635
	1,992	2,329	-337
	10,600	12,144	-1,544
	5,315	6,904	-1,589
	7,631	4,154	3,477
	12,155	15,825	-3,670
	3,530	4,501	-971
	13,866	9,394	4,472
	8,460	10,822	-2,362
	28,362	32,142	-3,780
	15,434	10,736	4,698
	5,400	6,646	-1,246
	21,149	17,425	3,724
	1,925	1,584	341
	7,133	5,884	1,249
	24,416	24,782	-366
	13,460	12,850	610
	351	25	326
	6,280	6,288	-8
	8,864	8,748	116
	1,624	1,605	19
	5,426	5,925	-499
	7,588	8,284	-696
	2,798	2,795	3
	43,500	41,926	1,574
	74,078	76,122	-2,044
	32,501	32,286	215
	195,622	193,462	2,160
	70,270	64,523	5,747
	56,922	53,917	3,005
	20,255	15,315	4,940
	4,588	3,476	1,112
	22,345	30,592	-8,247
	11,155	12,287	-1,132
	7,157	7,419	-262
	13,614	14,907	-1,293
	23,264	24,760	-1,496
	1,203	1,264	-61
	101,061	104,475	-3,414
	45,000	22,929	22,071
	4,438	4,043	395
	40,562	25,047	15,515
	4,866	4,622	244
	12,835	12,278	557
	9,578	9,100	478
	5,948	6,124	-176
	8,776	9,048	-272
	11,581	12,038	-457
	22,052	28,151	-6,099
	10,175	7,351	2,824
	23,351	12,623	10,728
	5,515	3,869	1,646
	6,521	4,692	1,829
	44,172	58,017	-13,845
	31,787	36,979	-5,192
	18,321	13,642	4,679
	2,992	2,231	761
	6,000	3,470	2,530
	36,500	40,025	-3,525
	13,692	14,918	-1,226
	50,000	50,388	-388
	10,085	11,402	-1,317
	10,500	9,738	762
	2,053	1,886	167
	9,899	12,732	-2,833
	21,152	21,137	15
	420	412	8
	330	324	6
	4,749	4,651	98
	17,257	21,936	-4,679
	3,158	4,010	-852
	6	5	1
	250,000	250,000
	37,657	22,637	15,020
	2,069	1,246	823
	32,290	19,851	12,439
	15,227	14,630	597
	33,302	32,903	399
	29,828	30,819	-991
	54,858	54,440	418
	18,591	17,795	796
	12,075	13,120	-1,045
	34,981	32,644	2,337
			105,335

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			1,332
b			10,029
c			327
d			1,401
e			1,572
			7,915
			2,697
			34
			1,340
			523
			3,283
			303
			664
			-2,050
			-223
			-643
			-3,242
			-423
			-117
			-1,396
			-4,769
			166
			-1,174
			-135
			-8,576
			-9,583
			9,444
			-2,396
			-6,978
			-123
			-754
			-1,869
			-2,993
			-144
			-1,437
			6,000
			8,768
			9,725
			-11,190
			83,571
			4,136
			42,783
			22,528
			43
			-32,641
			4,683
			453
			153
			3,023
			812
			-6,192
			-550
			-27
			-648
			6,194
			2,846
			401
			14
			-80
			-390
			1,106
			285
			6,669
			-1,325
			-1,840
			-1,857
			351
			2,368
			1,829
			1,320
			1,575
			-1,635
			-337
			-1,544
			-1,589
			3,477
			-3,670
			-971
			4,472
			-2,362
			-3,780
			4,698
			-1,246
			3,724
			341
			1,249
			-366
			610
			326
			-8
			116
			19
			-499
			-696
			3
			1,574
			-2,044
			215
			2,160
			5,747
			3,005
			4,940
			1,112
			-8,247
			-1,132
			-262
			-1,293
			-1,496
			-61
			-3,414
			22,071
			395
			15,515
			244
			557
			478
			-176
			-272
			-457
			-6,099
			2,824
			10,728
			1,646
			1,829
			-13,845
			-5,192
			4,679
			761
			2,530
			-3,525
			-1,226
			-388
			-1,317
			762
			167
			-2,833
			15
			8
			6
			98
			-4,679
			-852
			1

			15,020
			823
			12,439
			597
			399
			-991
			418
			796
			-1,045
			2,337

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	308,618
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

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	466,326	10,400,037	0.044839
2013	497,196	10,173,035	0.048874
2012	362,487	9,421,014	0.038476
2011	268,910	8,772,245	0.030655
2010	432,897	8,704,497	0.049733

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

20.212577

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 . . .

0.042515

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

9,905,374

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

421,127

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

4,764

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

425,891

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

594,048

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	4,764
	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	0
3	Add lines 1 and 2...........................	3	4,764
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	4,764
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	8,892
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	8,892
8	Enter any penalty for underpayment of estimated tax. Check hereif 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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	4,128
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax2,382	Refunded	11	1,746

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

SEE FOOTNOTE

The books are in care of bullet

PNC BANK NA Telephone no. bullet

(412) 768-9969

Located at bullet

620 LIBERTY AVENUEPITTSBURGHPA ZIP+4 bullet

152222705

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
PNC BANK NA	TRUSTEE 23	116,092
620 LIBERTY AVENUE PITTSBURGH,PA152222705	TRUSTEE 23	116,092

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...................				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............. bullet

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2015)

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

10,056,217

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

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

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

10,056,217

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

10,056,217

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

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

150,843

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

9,905,374

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

495,269

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

495,269

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

4,764

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

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

4,764

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

490,505

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

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

490,505

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

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

490,505

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 ..........

594,048

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

594,048

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

4,764

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

589,284

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)

		(a) Corpus	(b) Years prior to 2014	(c) 2014	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7					490,505
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......				536,002
b Total for prior years:2013, 20, 20			0
3 Excess distributions carryover, if any, to 2015:
a From 2010......	0
b From 2011......	0
c From 2012......	0
d From 2013......	0
e From 2014......	0
fTotal of lines 3a through e........		0
4Qualifying distributions for 2015 from Part
XII, line 4: $ 594,048
a Applied to 2014, but not more than line 2a				536,002
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.....					58,046
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2015.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2014. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2016. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........					432,459
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8Excess distributions carryover from 2010 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2011....	0
b Excess from 2012....	0
c Excess from 2013....	0
d Excess from 2014....	0
e Excess from 2015....	0

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).)

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 e-mail address of the person to whom applications should be addressed:

PNC CHARITABLE TRUST GRANT REVIEW C
PNC BANK 300 FIFTH AVENUE
PITTSBURGH,PA15222
(412) 762-5157

bThe form in which applications should be submitted and information and materials they should include:

Please reference the name of the trust in all communications SEE FOOTNOTE

cAny submission deadlines:

See website: www.pncsites.com/pncfoundation/charitable_trusts.html for specific information

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

See website: www.pncsites.com/pncfoundation/charitable_trusts.html for specific information

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
THE SALVATION ARMY 700 NORTH BELL AVENUE CARNEGIE,PA15106	NONE	PC	INDIGENT/SUBSIDIZED CARE	35,000
RENO VOL FIRE DEPT INC 10 FOURTH ST RENO,PA163430149	NONE	PC	ELECTRONIC SIREN	20,759
OIL REGION ALLIANCE OF BUSINESS INDUSTRY & TOURISM 217 ELM ST OIL CITY,PA163011412	NONE	PC	2016 ORA PROJECTS	85,000
BRIDGE BUILDERS COMMUNITY FOUNDATIONS 206 SENECA STREET NATIONAL TRANSIT OIL CITY,PA16301	NONE	PC	FIRST NIGHT - OIL CITY 2016	10,000
BRIDGE BUILDERS COMMUNITY FOUNDATIONS 206 SENECA STREET NATIONAL TRUST OIL CITY,PA16301	NONE	PC	RETAIN & ATTRACT INITIATIVE	56,000
BRIDGE BUILDERS COMMUNITY FOUNDATIONS 206 SENECA STREET NATIONAL TRANSIT OIL CITY,PA16301	NONE	PC	OIL CITY REVITALIZATION	83,778
BRIDGE BUILDERS COMUNITY FOUNDATIONS 206 SENECA STREET NATIONAL TRANSIT OIL CITY,PA16301	NONE	PC	TOWN SQUARE FUND	4,602
SECOND HARVEST FOOD BANK OF NORTHWEST PENNSYLVANIA 1507 GRIMM DR ERIE,PA165011580	NONE	PC	FOOD VENANGO COUNTY	22,000
FRIENDS OF DRAKE WELL 205 MUSEUM LN TITUSVILLE,PA163547657	NONE	PC	OILFIELD JOURNAL	12,000
LIFELONG LEARNING PROGRAMS SKILLS FOR SUCCESS 679 COLBERT AVENUE OIL CITY,PA163012298	NONE	PC	SKILLS FOR SUCCESS	39,600
OIL CITY JUNIOR BASEBALL PO BOX 1585 OIL CITY,PA163010134	NONE	PC	CONCESSION STAND & BATTING	50,000
OIL REGION MUSIC PRESERVATION MUSEUM 1261 LIBERTY STREET FRANKLIN,PA163231361	NONE	PC	PAINTING SECOND FLOOR	3,763
OIL REGION SOCCER ASSOCIATION 420 7TH ST FRANKLIN,PA16323	NONE	PC	ORSA FIELDS	10,000
GOOD HOPE LUTHERAN CHURCH 800 MORAN STREET OIL CITY,PA16301	NONE	PC	AFTERSCHOOL PROGRAM	65,000
OPEN DOOR INITIATIVE OF OIL CITY 405 E 2ND ST OIL CITY,PA163012324	NONE	PC	OPEN DOOR INITIATIVE	20,500
MUSTARD SEED MISSIONS OF VENANGO COUNTY 149 SUMMIT DRIVE SUITE B FRANKLIN,PA163231242	NONE	PC	HOUSEHOLD GOODS	18,000
Total ................................. 3a				536,002

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 ...........
4 Dividends and interest from securities....			14	227,837
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	308,618
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aFEDERAL TAX REFUND			14	2,412
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				538,867

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

13538,867

(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:

TY 2015 InvestmentsOtherSchedule2

Name:

ELIZABETH S BLACK CHARITABLE TRUST

EIN:

04-3731472

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
MUTUAL FUNDS - FIXED	AT COST	2,022,365	2,074,139
MUTUAL FUNDS - EQUITY	AT COST	3,020,158	3,865,838
ALTERNATIVE INVESTMENTS	AT COST	854,920	884,935

- TIN:

TY 2015 OtherDecreasesSchedule

Name:

ELIZABETH S BLACK CHARITABLE TRUST

EIN:

04-3731472

Description	Amount
ROUNDING ADJ FOR SALES AND TRANSACTIONS	5

- TIN:

TY 2015 OtherExpensesSchedule

Name:

ELIZABETH S BLACK CHARITABLE TRUST

EIN:

04-3731472

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
PARTNERSHIP - EXPENSE		14		0

- TIN:

TY 2015 OtherIncomeSchedule2

Name:

ELIZABETH S BLACK CHARITABLE TRUST

EIN:

04-3731472

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
FEDERAL TAX REFUND FROM PRIOR YEAR	2,412	0
POWERSHARES DB AGRICULTURE FUND		-1,342

- TIN:

TY 2015 TaxesSchedule

Name:

ELIZABETH S BLACK CHARITABLE TRUST

EIN:

04-3731472

Category	Amount	Net Investment Income
FOREIGN TAXES	701	701
FEDERAL TAX PAYMENT - PRIOR YE	1,699	0
FEDERAL ESTIMATES - PRINCIPAL	8,892	0