Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
Name of foundation
Charles P Ferro Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)c/o Bonnie Ferro 88 Sunset Cliff
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Burlington, VT05408
A Employer identification number

22-3253710
B Telephone number (see instructions)

(802) 660-2765
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$4,791,510J 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 882 882  
4 Dividends and interest from securities... 87,292 87,292  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 288,104
b Gross sales price for all assets on line 6a 1,202,274
7 Capital gain net income (from Part IV, line 2)... 288,104
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 376,278 376,278  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 58,750 12,475   46,275
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 3,500 1,750   1,750
c Other professional fees (attach schedule).... Click to see attachment 47,253 47,253    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 19,767 1,438    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 3,988     3,988
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 385 39   346
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 133,643 62,955   52,359
25 Contributions, gifts, grants paid....... 77,500 192,500
26 Total expenses and disbursements. Add lines 24 and 25 211,143 62,955   244,859
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 165,135
b Net investment income (if negative, enter -0-) 313,323
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 212,274 264,236 264,236
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 2,083    
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 4,297,070 Click to see attachment3,883,502 3,883,502
c Investments—corporate bonds (attach schedule)....... 590,130 Click to see attachment643,772 643,772
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
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) 5,101,557 4,791,510 4,791,510
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................. 325,000 210,000
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)......... 325,000 210,000
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 4,776,557 4,581,510
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 4,776,557 4,581,510
31 Total liabilities and net assets/fund balances (see instructions). 5,101,557 4,791,510
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
4,776,557
2
Enter amount from Part I, line 27a .....................
2
165,135
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
-360,182
4
Add lines 1, 2, and 3 ..........................
4
4,581,510
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
4,581,510
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 Publicly Traded Securities      
b
c
d
e
(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 1,202,274 0 914,170 288,104
b
c
d
e
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 0 0 0 288,104
b
c
d
e
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 2 288,104
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 239,275 5,069,875 0.047195
2013 219,193 4,673,651 0.046900
2012 229,549 4,317,506 0.053167
2011 216,938 4,423,990 0.049037
2010 239,126 4,503,650 0.053096
2
Total of line 1, column (d) .....................
20.249395
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
0.049879
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
4,950,277
5
Multiply line 4 by line 3......................
5
246,915
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
3,133
7
Add lines 5 and 6........................
7
250,048
8
Enter qualifying distributions from Part XII, line 4.............
8
244,859
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 6,266
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 6,266
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 6,266
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 11,000
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Part VI Line 7 - Original Return Overpayment: -11000 7 11,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 4,734
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet4,734 RefundedBullet 11  
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 ofbulletBONNIE FERRO Telephone no.bullet (802) 660-2765

    Located atbullet88 Sunset CliffBurlingtonVT ZIP+4bullet05408
    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
    BONNIE FERRO CO-EXECUTIVE DIRECTO
    3.00     		25,750 0 0
    88 Sunset Cliff
    Burlington,VT05408
    MARIANNE FERRO CO-EXECUTIVE DIRECTO
    3.00     		25,750 0 0
    c/o Bonnie Ferro 88 Sunset Cliff
    Burlington,VT05408
    VERA DOSKY Trustee
    1.50     		5,750 0 0
    c/o Bonnie Ferro 88 Sunset Cliff
    Burlington,VT05408
    EDWARD FRIEDHOFF Trustee
    0.10     		0 0 0
    c/o Bonnie Ferro 88 Sunset Cliff
    Burlington,VT05408
    JENNIFER FERRO LESSIEU Trustee
    0.10     		750 0 0
    c/o Bonnie Ferro 88 Sunset Cliff
    Burlington,VT05408
    MARC FERRO Trustee
    0.10     		750 0 0
    c/o Bonnie Ferro 88 Sunset Cliff
    Burlington,VT05408
    MAREN FERRO TRIPOLITSIOTIS Trustee
    0.10     		0 0 0
    c/o Bonnie Ferro 88 Sunset Cliff
    Burlington,VT05408
    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
    4,801,937
    b
    Average of monthly cash balances.......................
    1b
    223,725
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,025,662
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    5,025,662
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    75,385
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,950,277
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    247,514
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    247,514
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    6,266
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,266
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    241,248
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    241,248
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    241,248
    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
    244,859
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    244,859
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    244,859
    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 7 241,248
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 15,222
    b From 2011......  
    c From 2012...... 15,704
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........ 30,926
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 244,859
    a Applied to 2014, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2015 distributable amount..... 241,248
    e Remaining amount distributed out of corpus 3,611
    5 Excess distributions carryover applied to 2015.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 34,537
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		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) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		15,222
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		19,315
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012.... 15,704
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015.... 3,611
    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).)
    NONE
    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.
    NONE
    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:
    BONNIE FERRO
    88 Sunset Cliff
    Burlington,VT05408
    (802) 660-2765
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER REQUEST STATING THE ORGANIZATION'S GOALS AND OBJECTIVES AND THE SPECIFIC PURPOSE OF THE GRANT WHICH IS SOUGHT.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Marian C Bell Foundation for Parkinson's
    1702 Adams Avenue
    Dunmore,PA18509     		  PC OperatingSupport 5,000
    New Moran Inc
    PO Box 8052
    Burlington,VT05402     		  PC OperatingSupport 1,000
    Friends of Appalachia Inc
    35 Pilgrim Lane
    Trumbull,CT06611     		  PC OperatingSupport 5,000
    The Hole in the Wall Gang Camp
    565 Ashford Center Road
    Ashford,CT06278     		  PC OperatingSupport 3,000
    Nova Southeastern University
    3301 College Avenue
    Fort Lauderdale,FL33314     		  PC OperatingSupport 10,000
    City Green
    171 Grove Street
    Clifton,NJ07013     		  PC OperatingSupport 3,000
    Saint Cecilia School
    1186 Newfield Avenue
    Stamford,CT06905     		  PC OperatingSupport 5,000
    Academy of Saint Paul
    187 Wyckoff Avenue
    Ramsey,NJ07446     		  PC OperatingSupport 2,500
    Columbia University Medical Center Pediatrics
    100 Haven Avenue 29D
    New York,NY10032     		  PC OperatingSupport 2,500
    One Bead Project
    30 High Street
    Hudson,OH44236     		  PC OperatingSupport 2,000
    Shelburne Farms
    1611 Harbor Road
    Shelburne,VT05482     		  PC OperatingSupport 6,000
    Vermont Works for Women
    32A Malletts Bay Avenue
    Winooski,VT05404     		  PC OperatingSupport 4,500
    Lake Champlain Maritime Museum
    4472 Basin Harbor Road
    Vergennes,VT05491     		  PC OperatingSupport 3,500
    Camfed USA
    465 California Street
    San Francisco,CA94104     		  PC OperatingSupport 1,000
    No New Jersey Downs Syndrome Alliance
    691 Wyckoff Avenue
    Wyckoff,NJ07481     		  PC OperatingSupport 1,000
    American Cancer Society
    250 Williams Street NW
    Atlanta,GA30303     		  PC OperatingSupport 5,000
    Kids in Crisis
    One Salem Street
    Cos Cob,CT06807     		  PC OperatingSupport 5,000
    University of Michigan
    500 South State Street
    Ann Arbor,MI48109     		  PC OperatingSupport 5,000
    New Venture Fund
    1201 Connecticut Avenue NW
    Washington,DC20036     		  PC OperatingSupport 1,000
    Planned Parenthood of Northern New England
    784 Hercules Drive
    Colchester,VT05446     		  PC OperatingSupport 1,000
    350 Vermont Inc
    255 South Champlain Street
    Burlington,VT05401     		  PC OperatingSupport 1,000
    Local Motion Inc
    One Steele Street
    Burlington,VT05401     		  PC OperatingSupport 1,000
    Intervale Center Inc
    180 Intervale Road
    Burlington,VT05401     		  PC OperatingSupport 1,000
    The Ho Ho Kus Education Foundation
    70 Lloyd Road
    Ho Ho Kus,NJ07423     		  PC OperatingSupport 2,500
    Total .................................bullet 3a 77,500
    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 ...........     		    14 882  
    4 Dividends and interest from securities....     14 87,292  
    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 ............     		    18 288,104  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   376,278  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13376,278
    (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:  
    Part VI Line 7 -Original Return Overpayment: -11,000


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    Charles P Ferro Foundation
    EIN:
    22-3253710
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Wallace W. Tapia, P.C. Accounting Services 3,500 1,750   1,750

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

    TY 2015 GainLossSaleOtherAssetsSch
    Name:
    Charles P Ferro Foundation
    EIN:
    22-3253710
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    Publicly Traded Securities   Purchased   UNRELATED THIRD PARTIES 1,202,274 914,170 Cost   288,104  

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    Charles P Ferro Foundation
    EIN:
    22-3253710
    Name of Bond End of Year Book Value End of Year Fair Market Value
    49,443sh Bernstein Intermediate Duration Portfolio 643,772 643,772

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    Charles P Ferro Foundation
    EIN:
    22-3253710
    Name of Stock End of Year Book Value End of Year Fair Market Value
    825sh Apache Corporation 36,688 36,688
    2,000sh Coca Cola Common 85,920 85,920
    1,150sh Devon Energy Corporation 36,800 36,800
    1,100sh Facebook Inc. 115,126 115,126
    1,000sh General Electric 31,150 31,150
    2,000sh Microsoft Corporation 110,960 110,960
    1,500sh Twenty-First Century Fox 40,740 40,740
    2,928sh Blackrock HL SC Opp Fund 147,923 147,923
    1,948sh Blackrock Global Allocation Fund 34,928 34,928
    1,225sh First Eagle Global Fund 63,184 63,184
    10,435sh IVA Worldwide Fund 170,404 170,404
    4,841sh IVY Asset Strategy Fund 107,327 107,327
    10,011sh T Rowe Price Capital Appreciation Fund 250,782 250,782
    74sh Abbott Laboratories 3,323 3,323
    70sh Abbvie Inc. 4,147 4,147
    47sh ACE Limited 5,492 5,492
    16sh Air Products & Chemicals Inc. 2,082 2,082
    13sh Alexion Pharmaceuticals 2,480 2,480
    3sh Alphabet Inc. 2,277 2,277
    79sh Altria Group Inc. 4,599 4,599
    60sh American Express Company 4,173 4,173
    28sh Anheuser Busch 3,500 3,500
    93sh Apple Inc. 9,789 9,789
    23sh ASML Holding NV 2,042 2,042
    13sh Automatic Data Processing 1,101 1,101
    9sh Blackrock Inc. 3,065 3,065
    17sh Canadian Railway 2,169 2,169
    24sh Celgene Corporation 2,874 2,874
    72sh Chevron Corporation 6,477 6,477
    187sh Coca Cola Company 8,034 8,034
    73sh Comcast Corporation 4,119 4,119
    80sh ConocoPhillips 3,735 3,735
    20sh Diageo PLC Spons 2,181 2,181
    39sh Walt Disney Company 4,098 4,098
    108sh Exxon Mobil Corporation 8,419 8,419
    51sh Facebook Inc. 5,338 5,338
    82sh Franklin Resources Inc. 3,019 3,019
    21sh Gilead Sciences Inc. 2,125 2,125
    9sh Intercontinental Exchange 2,306 2,306
    24sh IBM Corporation 3,303 3,303
    82sh JPMorgan Chase & Company 5,414 5,414
    39sh Estee Lauder Companies 3,434 3,434
    30sh McDonalds Corporation 3,544 3,544
    41sh Microsoft Corporation 2,275 2,275
    83sh Nestle SA ADR 6,177 6,177
    34sh Nike Inc. 2,125 2,125
    39sh Novartis AG Spons 3,356 3,356
    93sh Novo Nordisk ADR 5,401 5,401
    57sh Occidental Petroleum 3,854 3,854
    55sh Oracle Corporation 2,009 2,009
    39sh Pepsico Inc. 3,897 3,897
    117sh Philip Morris International 10,285 10,285
    30sh Praxair Inc. 3,072 3,072
    37sh Procter & Gamble Company 2,938 2,938
    53sh Qualcomm Inc. 2,649 2,649
    135sh Roche Holdings Limited 4,653 4,653
    37sh Sabmiller PLC ADR 2,217 2,217
    46sh State Street Corporation 3,053 3,053
    29sh Target Corporation 2,106 2,106
    78sh Texas Instruments Inc. 4,275 4,275
    49sh Total S.A. Spons ADR 2,203 2,203
    132sh Twenty-First Century Fox 3,585 3,585
    38sh Union Pacific Corporation 2,972 2,972
    44sh United Technologies Corporation 4,227 4,227
    14sh Verisign Inc. 1,223 1,223
    29sh Visa Inc. 2,249 2,249
    27sh Walgreens Boots Alliance 2,299 2,299
    60sh Wells Fargo Company 3,266 3,266
    19sh Xilinx Inc. 899 899
    69sh Actelion Limited 2,396 2,396
    77sh Alliance Global Group 1,327 1,327
    246sh Ambev SA ADR 1,097 1,097
    39sh Anheuser Busch 4,875 4,875
    22sh AON PLC 2,029 2,029
    35sh Ashtead Group PLC 2,349 2,349
    309sh Assa Abloy AB ADR 3,226 3,226
    34sh Associated British Foods Limited 1,682 1,682
    15sh Autohome Inc. ADR 524 524
    14sh Baidu Inc. ADR 2,647 2,647
    26sh Bayer AG Spons 3,246 3,246
    287sh BB Seguridade ADR 1,722 1,722
    95sh BG Group PLC Spons 1,379 1,379
    65sh BHP Billiton Limited 1,674 1,674
    33sh British American TOB PLC 3,645 3,645
    85sh Carlsberg AS Spons 1,514 1,514
    24sh Checkpoint Software Limited 1,953 1,953
    200sh CIA Saneamento Basico DE-ADR 920 920
    208sh Compagnie Financiere Richemont SA 1,481 1,481
    137sh Compass Group PLC 2,414 2,414
    28sh Continental AG Spons 1,347 1,347
    63sh Credit Suisse Group Spons 1,366 1,366
    134sh Daiwa House Industries Limited 3,855 3,855
    149sh Encana Corporation 758 758
    209sh Estacio Participacoes SA 748 748
    20sh GEA Group AG 804 804
    110sh Informa PLC Spons ADR 2,036 2,036
    159sh Japan Tobacco Inc. ADR 2,953 2,953
    54sh Kasikornbank Pub Co Limited 887 887
    39sh KBC Groep NV 1,215 1,215
    186sh KDDI Corporation 2,408 2,408
    77sh KOC Holding AS 1,451 1,451
    680sh Lloyds Banking Group PLC 2,965 2,965
    42sh Makita Corporation ADR 2,436 2,436
    46sh Mediclinic International Limited 1,810 1,810
    71sh Mediolanum SPA 1,314 1,314
    113sh Mobile Telesystems PJSC 698 698
    70sh MR Price Group Limited 908 908
    482sh Nampak Limited 790 790
    68sh Novartis AG Spons 5,851 5,851
    43sh Novo Nordisk AS ADR 2,497 2,497
    57sh Perusahaan Perseroan Persero 2,531 2,531
    98sh Prudential PLC Spons 4,418 4,418
    115sh Red Electrical Corporation SA 1,921 1,921
    116sh RELX PLC ADR 2,068 2,068
    45sh Rexam PLC Spons 2,012 2,012
    28sh Royal Dutch Shell PLC 1,282 1,282
    15sh Ryanair Holdings PLC 1,297 1,297
    34sh Ryohin Keikaku Company 1,379 1,379
    105sh Sampo OYJ ADR 2,656 2,656
    185sh Sanlam Limited ADR 1,423 1,423
    96sh Seven & I Holdings ADR 2,194 2,194
    13sh Shire PLC 2,665 2,665
    10sh Signet Jewelers Limited 1,237 1,237
    107sh Softbank Group ADR 2,695 2,695
    72sh Sony Corporation ADR 1,772 1,772
    362sh Sumitomo Mitsui Financial Group ADR 2,748 2,748
    239sh Sumitomo Mitsui Trust ADR 909 909
    114sh Swedbank AD ADR 2,507 2,507
    226sh Taiwan Semiconductor ADR 5,142 5,142
    29sh Telenor ASA-ADS 1,443 1,443
    40sh Teva Pharmaceutical ADR 2,626 2,626
    228sh Turkcell Iletisim Hizmetleri TKC 1,936 1,936
    57sh Unilever PLC Spons 2,458 2,458
    26sh Valeo Sponsored ADR 2,013 2,013
    106sh Vinci SA ADR 1,701 1,701
    62sh Vivendi SA ADR 1,324 1,324
    389sh Wolseley PLC Jersey 2,134 2,134
    60sh Wolters Kluwer NV Spons ADR 2,009 2,009
    1sh Alphabet Inc. Voting 778 778
    1sh Alphabet Inc. Non-Voting 759 759
    86sh Autonation Inc. 5,131 5,131
    13sh Berkshire Hathaway Inc. 1,717 1,717
    162sh Brookfield Asset Management 5,108 5,108
    5sh Brookfield Properties 116 116
    52sh CBOE Holdings Inc. 3,375 3,375
    44sh Colfax Corporation 1,027 1,027
    12sh Continental Resources Inc. 276 276
    78sh Dish Network Corporation 4,460 4,460
    252sh Dream Unlimited Corporation 1,331 1,331
    150sh Dreamworks Animation SKG 3,866 3,866
    149sh Dundee Corporation 493 493
    57sh Echostar Holding Corporation 2,229 2,229
    52sh Franco-Nevada Corporation 2,379 2,379
    8sh Greenlight Capital Real Estate Limited 150 150
    101sh Howard Hughes Corporation 11,429 11,429
    115sh Icahn Enterprises LP 7,050 7,050
    20sh Imperial Oil Limited 650 650
    24sh Jarden Corporation 1,371 1,371
    15sh L Brands Inc. 1,437 1,437
    32sh Las Vegas Sands Corporation 1,403 1,403
    58sh Leucadia National Corporation 1,009 1,009
    55sh Liberty Broadband Corporation Ser C 2,852 2,852
    21sh Liberty Broadband Corporation Ser A 1,085 1,085
    72sh Liberty Interactive Corporate Ventures 3,248 3,248
    145sh Liberty Interactive Corporation QVC 3,961 3,961
    66sh Liberty Media Corporation Class A 2,591 2,591
    171sh Liberty Media Corporation Class C 6,512 6,512
    51sh Live Nation Entertainment Inc. 1,253 1,253
    3sh Madison Square Garden Company 485 485
    2sh Markel Corporation 1,767 1,767
    11sh MSG Network Inc. 229 229
    46sh Onex Corporation 2,830 2,830
    67sh Platform Specialty Products Corporation 860 860
    41sh Sears Holdings Corporation 843 843
    84sh Starz Series A 2,814 2,814
    59sh Tex Pac Land Trust 7,724 7,724
    25sh Tourmaline Oil Corporation 405 405
    140sh Tri Pointe Group Inc. 1,774 1,774
    19sh Viacom Inc. 782 782
    11sh Viasat Inc. 671 671
    328sh Wendys Company 3,533 3,533
    12sh Wynn Resorts Limited 827 827
    133sh ADT Corporation 4,386 4,386
    55sh Allergan PLC 17,188 17,188
    48sh AMC Networks Inc. 3,585 3,585
    245sh Anadarko Petroleum Corporation APC 11,902 11,902
    156sh Autodesk Inc. 9,505 9,505
    56sh Biogen Inc. 17,156 17,156
    184sh Broadcom Corporation 10,639 10,639
    112sh Citrix Systems Inc. 8,473 8,473
    432sh Comcast Corporation 24,378 24,378
    309sh Cree Inc. 8,241 8,241
    178sh Discovery Communications 4,749 4,749
    96sh Dolby Laboratories Inc. 3,230 3,230
    183sh Fluor Corporation 8,641 8,641
    676sh Freeport-McMoran Inc. 4,577 4,577
    365sh Immunogen Inc. 4,953 4,953
    55sh Ionis Pharmaceuticals Inc. 3,406 3,406
    118sh L-3 Communications Holdings 14,102 14,102
    20sh Liberty Broadband Ser C 1,037 1,037
    11sh Liberty Broadband Ser A 568 568
    30sh Liberty Interactive Corporate Ventures 1,353 1,353
    250sh Liberty Interactive Corporation QVC 6,830 6,830
    45sh Liberty Media Corporation Class A 1,766 1,766
    95sh Liberty Media Corporation Class C 3,618 3,618
    71sh Medtronic PLC 5,461 5,461
    132sh National Oilwell Varco Inc. 4,421 4,421
    155sh Now Inc. 2,452 2,452
    258sh Nuance Communications Inc. 5,132 5,132
    231sh Nucor Corporation 9,309 9,309
    85sh Pentair PLC 4,210 4,210
    184sh Sandisk Corporation 13,982 13,982
    357sh Seagate Technology PLC 13,088 13,088
    49sh Starz Series A 1,642 1,642
    229sh TE Connectivity Limited 14,796 14,796
    268sh Twitter Inc. 6,202 6,202
    254sh Tyco International PLC 8,100 8,100
    182sh UnitedHealth Group Inc. 21,410 21,410
    57sh Vertex Pharmaceuticals Inc. 7,172 7,172
    1,281sh Weatherford International PLC 10,748 10,748
    103sh Western Digital Corporation 6,184 6,184
    25sh ACE Limited 2,921 2,921
    8sh Advance Auto Parts 1,204 1,204
    10sh Alphabet Inc. Voting 7,780 7,780
    12sh Alphabet Inc. Non-Voting 9,107 9,107
    24sh Amazon Inc. 16,221 16,221
    197sh American Express Company 13,701 13,701
    64sh Apache Corporation 2,846 2,846
    346sh Bank New York Mellon Corporation 14,262 14,262
    80sh Berkshire Hathaway Inc. 10,563 10,563
    172sh Cabot Oil & Gas 3,043 3,043
    32sh Capital One Financial Corporation 2,310 2,310
    70sh Carmax Inc. 3,778 3,778
    114sh Citizens Financial Group 2,986 2,986
    57sh Costco Wholesale 9,206 9,206
    38sh Diageo PLC Spons 4,145 4,145
    31sh Ecolab Inc. 3,546 3,546
    580sh Encana Corporation 2,952 2,952
    48sh EOG Resources Inc. 3,398 3,398
    61sh Express Scripts Holdings 5,332 5,332
    24sh Facebook Inc. 2,512 2,512
    86sh Johnson Controls Inc. 3,396 3,396
    136sh JPMorgan Chase & Company 8,980 8,980
    31sh Laboratory Corporation of America Holdings 3,833 3,833
    114sh Las Vegas Sands Corporation 4,998 4,998
    155sh Liberty Global PLC 6,339 6,339
    54sh Liberty Interactive Corporation QVC 1,475 1,475
    121sh Loews Corporation 4,646 4,646
    60sh Microsoft Corporation 3,329 3,329
    79sh Monsanto Company 7,783 7,783
    20sh Moody's Corporation 2,007 2,007
    60sh Occidental Petroleum Corporation 4,057 4,057
    80sh Oracle Corporation 2,922 2,922
    44sh Paccar Inc. 2,086 2,086
    44sh Praxair Inc. 4,506 4,506
    3sh Priceline Group Inc. 3,825 3,825
    52sh Quest Diagnostics Inc. 3,699 3,699
    120sh Charles Schwab Corporation 3,952 3,952
    104sh Texas Instruments Inc. 5,700 5,700
    172sh Ultra Petroleum Corporation 430 430
    82sh United Technologies Corporation 7,878 7,878
    58sh UnitedHealth Group Inc. 6,823 6,823
    30sh Valeant Pharmaceuticals International 3,050 3,050
    48sh Visa Inc. 3,722 3,722
    299sh Wells Fargo Company 16,252 16,252
    24sh Sherwin Williams Company 6,230 6,230
    217sh Allstate Corporation 13,474 13,474
    164sh Synchrony Financial 4,987 4,987
    171sh Visa Inc. 13,261 13,261
    100sh Capital One Financial Corporation 7,218 7,218
    145sh Discover Financial Services 7,775 7,775
    82sh Aetna Inc. 8,866 8,866
    62sh Anthem Inc. 8,645 8,645
    104sh UnitedHealth Group Inc. 12,235 12,235
    14sh Public Storage 3,468 3,468
    892sh Bank of America Corporation 15,012 15,012
    252sh Citizens Financial Group 6,600 6,600
    210sh US Bancorp 8,961 8,961
    359sh Wells Fargo & Company 19,515 19,515
    108sh Verizon Communications Inc. 4,992 4,992
    110sh American Electric Power 6,410 6,410
    117sh Edison International 6,928 6,928
    231sh PPL Corporation 7,884 7,884
    99sh Walt Disney Company 10,403 10,403
    195sh Comcast Corporation 11,004 11,004
    12sh Alphabet Inc. Class A 9,336 9,336
    18sh Alphabet Inc. Class B 13,660 13,660
    25sh Biogen Inc. 7,659 7,659
    117sh Gilead Sciences Inc. 11,839 11,839
    65sh Merck & Company 3,433 3,433
    353sh Pfizer Inc. 11,395 11,395
    102sh Johnson & Johnson 10,477 10,477
    13sh Intuitive Surgical Inc. 7,100 7,100
    83sh Medtronic PLC 6,384 6,384
    25sh McKesson Corporation 4,931 4,931
    261sh Altria Group Inc. 15,193 15,193
    35sh Kimberly-Clark Corporation 4,456 4,456
    75sh Estee Lauder Companies 6,605 6,605
    105sh Dr Pepper Snapple Group 9,786 9,786
    27sh Monster Beverage Corporation 4,022 4,022
    114sh Pepsico Inc. 11,391 11,391
    54sh McDonalds Corporation 6,380 6,380
    153sh Starbucks Corporation 9,185 9,185
    180sh Nike Inc. 11,250 11,250
    138sh Voya Financial Inc. 5,094 5,094
    77sh Magna International Inc. 3,123 3,123
    47sh Costco Wholesale Corporation 7,591 7,591
    135sh CVS Health Corporation 13,199 13,199
    135sh Dollar General Corporation 9,702 9,702
    192sh EBay Inc. 5,276 5,276
    135sh Gamestop Corporation 3,785 3,785
    108sh Home Depot Inc. 14,283 14,283
    154sh Kroger Company 6,442 6,442
    34sh L Brands Inc. 3,258 3,258
    162sh Ross Stores Inc. 8,717 8,717
    119sh Ball Corporation 8,655 8,655
    232sh CF Industries Holdings 9,468 9,468
    112sh LyonDellBasell Industries 9,733 9,733
    120sh Seales Air Corporation 5,352 5,352
    49sh United Technologies Corporation 4,707 4,707
    185sh ITT Corporation 6,719 6,719
    123sh Danaher Corporation 11,424 11,424
    57sh Northrup Grumman Corporation 10,762 10,762
    76sh L-3 Communications Holdings 9,083 9,083
    25sh Rockwell Collins Inc. 2,308 2,308
    571sh Applied Materials Inc. 10,661 10,661
    235sh Apple Inc. 24,736 24,736
    349sh HP Inc. 4,132 4,132
    75sh Ansys Inc. 6,938 6,938
    17sh F5 Networks Inc. 1,648 1,648
    70sh Fiserv Inc. 6,402 6,402
    377sh Microsoft Corporation 20,916 20,916
    149sh Oracle Corporation 5,443 5,443
    4sh Priceline Group 5,100 5,100
    29sh ServiceNow Inc. 2,510 2,510
    100sh Amphenol Corporation 5,223 5,223
    349sh Hewlett Packard Enterprises 5,305 5,305
    66sh Mobileye NV 2,790 2,790
    104sh Amdocs Limited 5,675 5,675
    135sh Facebook Inc. 14,129 14,129
    810sh Xerox Corporation 8,610 8,610
    146sh Delta Air Lines 7,401 7,401
    153sh Jetblue Airways 3,465 3,465
    50sh Union Pacific Corporation 3,910 3,910
    68sh Schlumberger Limited 4,743 4,743
    99sh EOG Resources Inc. 7,008 7,008
    102sh Hess Corporation 4,945 4,945
    197sh Murphy Oil Corporation 4,423 4,423
    80sh Valero Energy Corporation 5,657 5,657
    3,291sh AB Discovery Growth Fund 29,091 29,091
    1,618sh AB Discovery Value Fund 30,575 30,575
    15,319sh Bernstein International Portfolio 233,155 233,155
    1,373sh Bernstein Emerging Markets Portfolio 30,858 30,858
    35,449sh Overlay A Portfolio 408,728 408,728
    23,895sh Overlay B Portfolio 242,058 242,058

    TY 2015 OtherExpensesSchedule
    Name:
    Charles P Ferro Foundation
    EIN:
    22-3253710
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Office & Computer Expenses 135 14   121
    New York State Corporate Fee 250 25   225


    TY 2015 OtherIncreasesSchedule
    Name:
    Charles P Ferro Foundation
    EIN:
    22-3253710
    Description Amount
    Unrealized Loss on Investments -360,182


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    Charles P Ferro Foundation
    EIN:
    22-3253710
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Merrill Lynch Advisory Services Investment Management 21,168 21,168    
    Wells Fargo Advisory Services Investment Management 18,006 18,006    
    Bernstein Wealth Management Investment Management 8,079 8,079    


    TY 2015 TaxesSchedule
    Name:
    Charles P Ferro Foundation
    EIN:
    22-3253710
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Federal Excise Taxes Paid 18,329      
    Foreign Taxes & ADR Fees 1,438 1,438