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
THE ARTHUR L AND LILY D WALTERS
FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)4141 N HENDERSON ROAD STE8
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ARLINGTON, VA222032485
A Employer identification number

80-0111331
B Telephone number (see instructions)

(703) 527-5200
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$1,860,929J 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 56 56 56
4 Dividends and interest from securities... 44,704 44,704 44,704
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 -3,559
b Gross sales price for all assets on line 6a 18,494
7 Capital gain net income (from Part IV, line 2)...  
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........ 41,201 44,760 44,760
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 34,000 5,100    
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 2,119 318    
b Accounting fees (attach schedule)....... Click to see attachment 2,950      
c Other professional fees (attach schedule).... Click to see attachment 8,000 1,200    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 1,108      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 48,177 6,618   0
25 Contributions, gifts, grants paid....... 118,670 118,670
26 Total expenses and disbursements. Add lines 24 and 25 166,847 6,618   118,670
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -125,646
b Net investment income (if negative, enter -0-) 38,142
c Adjusted net income (if negative, enter -0-)... 44,760
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............. 67,109 100,262 100,262
2 Savings and temporary cash investments......... 627,849 469,050 469,050
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 1,307,679 Click to see attachment1,291,617 1,291,617
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
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) 2,002,637 1,860,929 1,860,929
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 2,002,637 1,860,929
30 Total net assets or fund balances (see instructions)..... 2,002,637 1,860,929
31 Total liabilities and net assets/fund balances (see instructions). 2,002,637 1,860,929
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
2,002,637
2
Enter amount from Part I, line 27a .....................
2
-125,646
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
1,876,991
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
16,062
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
1,860,929
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.)
1a
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
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
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  
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 34,125 477,815 0.071419
2013      
2012      
2011      
2010      
2
Total of line 1, column (d) .....................
20.071419
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
0.071419
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
2,004,405
5
Multiply line 4 by line 3......................
5
143,153
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
381
7
Add lines 5 and 6........................
7
143,534
8
Enter qualifying distributions from Part XII, line 4.............
8
118,670
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 1 763
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  
3 Add lines 1 and 2........................... 3 763
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- ..... 5 763
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a  
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7  
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 15
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 778
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   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)
    bulletVA
    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 addressbulletNONE
    14
    The books are in care ofbulletARTHUR L WALTERS Telephone no.bullet (703) 527-5200

    Located atbullet4141 N HENDERSON RD STE 8ARLINGTONVA ZIP+4bullet22203
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
     
    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
    ARTHUR L WALTERS PRESIDENT
    2.00     		0 0 0
    4141 N HENDERSON RD SUITE 8
    ARLINGTON,VA22203
    MARK W WALTERS DIRECTOR
    2.00     		11,334 0 0
    1005 N GLEBE ROAD SUITE 100
    ARLINGTON,VA22201
    ARTHUR L WALTERS III DIRECTOR
    2.00     		11,333 0 0
    13985 75TH AVE N
    SEMINOLE,FL33726
    SHERRY K MATRICARDI DIRECTOR
    2.00     		11,333 0 0
    REGENCY TOWERS UNIT 702
    950 HIGHWAY 98 EAST
    DESTIN,FL32541
    THOMAS E GOODFELLOW TREASURER
    2.00     		0 0 0
    4141 N HENDERSON RD STE 8
    ARLINGTON,VA22003
    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  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    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
    1,337,639
    b
    Average of monthly cash balances.......................
    1b
    697,290
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,034,929
    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
    2,034,929
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    30,524
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,004,405
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    100,220
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    100,220
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    763
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    763
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    99,457
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    99,457
    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
    99,457
    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
    118,670
    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
    118,670
    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
    118,670
    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 99,457
    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......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014...... 10,234
    fTotal of lines 3a through e........ 10,234
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 118,670
    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..... 99,457
    e Remaining amount distributed out of corpus 19,213
    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 29,447
    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) ...     		 
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		29,447
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014.... 10,234
    e Excess from 2015.... 19,213
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AIR FORCE ASSOCIATION
    1501 LEE HIGHWAY
    ARLINGTON,VA22209     		NONE 501(C)(3) PROMOTE STRONG NATIONAL DEFENSE 2,540
    AMERICA'S SURVIVAL INC
    PO BOX 146
    OWINGS,MD20736     		  501(C)(3) PROMOTE AMERICAN SECURITY 100
    AMERICAN FED OF POLICE & CONCERNED
    6350 HORIZON DR
    TITUSVILLE,FL32780     		  501(C)(3) SUPPORT OF LAW ENFORCEMENT PROFESSIO 50
    AMERICAN LEGION LOCAL CH 44
    711 STATE STREET
    NEWBURGH,IN47629     		NONE 501(C)(3) SUPPORT FOR MILITARY PERSONNEL 1,300
    AMERICAN MAJORITY
    PO BOX 87
    PURCELLVILLE,VA20134     		  501(C)(3) TRAIN INDIVIDUALS TO PROMOTE LIBERTY 50
    AMERICAN RED CROSS
    2025 E STREET NW
    WASHINGTON,DC20006     		NONE   DISASTER RELIEF ET. AL. 500
    AMERICARES
    88 HAMILTON AVE
    STAMFORD,CT06902     		NONE 501(C)(3) EMERGENCY RELIEF 185
    ARLINGTON FOOD ASSISTANCE CENTER
    2708 S NELSON ST
    ARLINGTON,VA22206     		  501(C)(3) PROVIDE FOOD TO ARLINGTON, VA HUNGRY 400
    ASHBROOK CENTER ASHLAND UNIVERSITY
    401 COLLEGE AVENUE
    ASHLAND,OH44805     		  501(C)(3) STRENGTHEN CONSTITUTIONAL SELF GOVT. 35
    AUDOBON SOCIETY
    1200 18TH ST NW
    WASHINGTON,DC20036     		NONE 501(C)(3) NATURE CONSERVATION 285
    BILL OF RIGHTS INSTITUTE
    200 N GLEBE RD 200
    ARLINGTON,VA22203     		  501(C)(3) EDUCATIONAL PROGRAMS ABT BILL OF RTS 200
    CALLOWAY UNITED METHODIST CHURCH
    5000 LEE HWY
    ARLINGTON,VA22207     		NONE 501(C)(3) CHURCH 300
    CANINES WITH A CAUSE
    PO BOX 680426
    PARK CITY,UT84068     		  501(C)(3) SERVICE DOGS FOR PTSD VETERANS 1,000
    CATHOLIC CHARITIES
    2050 BALLENGER AVE 400
    ALEXANDRIA,VA22314     		  501(C)(3) COMM. SVC., ADVOCATE JUSTICE 3,000
    CENTER FOR URBAN RENEWAL & EDUCATIO
    1317 F ST NW 900
    WASHINGTON,DC20004     		  501(C)(3) FIGHT POVERTY AND RESTORE DIGNITY 50
    CENTRAL UNION MISSION
    65 MASSACHUSETTS AVE NW
    WASHINGTON,DC20001     		NONE 501(C)(3) EMERGENCY FOOD AND SHELTER 400
    CHERRYDALE VOLUNTEER FIRE DEPT
    3900 LEE HWY
    ARLINGTON,VA22207     		NONE 501(C)(3) COMMUNITY FIRE PROTECTION 1,000
    CHRISTIAN ACTION NETWORK
    PO BOX 606
    FOREST,VA24551     		NONE 501(C)(3) SUPPORT FOR CHRISTIAN CAUSES 2,110
    CHRISTIANS REVIVING AMERICAS VALUES
    4677 BELVEDERE CIRCLE
    PACE,FL32571     		  501(C)(3) RESTORATION OF GODLY PRINCIPLES 75
    CIRCLE OF FRIENDS FOR AMERICAN VETS
    210 E BROAD ST
    FALLS CHURCH,VA22046     		NONE 501(C)(3) VETERAN SUPPORT 3,000
    COMPANIONS FOR HEROES
    PO BOX 961
    LAKE HOPATCONG,NJ07849     		  501(C)(3) RESCUE ANIMALS FOR PTSD VETERANS 2,685
    CONSUMER REPORTS FOUNDATION
    PO BOX 96552
    WASHINGTON,DC200906552     		  501(C)(3) PROMOTE FAIR JUST MARKETPLACE 25
    DISABLED POLICE OFFICERS OF AMERICA
    222 GOVERNMENT AVE STE
    NICEVILLE,FL32578     		NONE 501(C)(3) LAW ENFORCEMENT SUPPORT 600
    DOCTORS WITHOUT BORDERS
    333 7TH AVE
    NEW YORK,NY10001     		NONE 501(C)(3) MEDICAL CARE AND ASSISTANCE 2,000
    FALLS CHURCH VOLUNTEER FIRE DEPT
    6950 LITTLE FALLS ROAD
    ARLINGTON,VA22213     		  501(C)(3) PRESERVATION OF LIFE AND PROPERTY 325
    FISHER HOUSE FOUNDATION
    111 ROCKVILLE PIKE
    ROCKVILLE,MD20850     		NONE 501(C)(3) SUPPORT FOR WOUNDED SOLDIERS 2,000
    FOUNDATION FOR THE NAT'L INST HEALT
    9650 ROCKVILLE PIKE
    BETHESDA,MD20814     		  501(C)(3) PROMOTE BIO-MEDICAL RESEARCH 1,200
    FREEDOM ALLIANCE
    22570 MARKEY COURT
    DULLES,VA20166     		NONE 501(C)(3) VETERAN SUPPORT 3,050
    GEORGE MASON UNIVERSITY FOUNDATION
    4400 UNIVERSITY DR MS1A3
    FAIRFAX,VA22030     		  501(C)(3) PROMOTE EDUCATIONAL OPPORTUNITIES 1,200
    GUARDIANS FOR HEROES FOUNDATION
    4145 BELT LINE RD 212
    ADDISON,TX75001     		  501(C)(3) SUPPORT FOR WOUNDED VETERANS 35
    HABITAT FOR HORSES
    PO BOX 213
    HITCHCOCK,TX77563     		  501(C)(3) PRESERVE HILD HORSES 72
    HERITAGE FOUNDATION
    214 MASSACHUSETTS AVE NE
    WASHINGTON,DC20002     		NONE 501(C)(3) EDUCATION FOR CONSERVATIVE POLICIES 1,000
    HERO BOX
    237 SENOIA ROAD
    PEACHTREE CITY,GA30269     		  501(C)(3) SUPPORT FOR MILITARY 1,150
    HILLSDALE COLLEGE
    33 E COLLEGE STREET
    HILLSDALE,MI49242     		NONE 501(C)(3) EDUCATION 500
    INSTITUTE FOR ENERGY RESEARCH
    1155 15TH ST NW 900
    WASHINGTON,DC20005     		  501(C)(3) RESEARCH FOR GLOBAL ENERGY MKTS 75
    INSTITUTE FOR JUSTICE
    901 N GLEBE ROAD STE 900
    ARLINGTON,VA22203     		NONE 501(C)(3) ADVANCEMENT OF CIVIL LIBERTIES 50
    JERUSALEM PRAYER TEAM
    PO BOX 30000
    PHOENIX,AZ85046     		  501(C)(3) SUPPORT PEACE PROJECTS IN ISRAEL 1,085
    JUDICIAL WATCH
    425 THIRD ST SW STE 800
    WASHINGTON,DC20024     		NONE 501(C)(3) EDUCATIONAL FOUNDATION 5,400
    KEEPER OF THE WILD
    1606 COOLERS DAIRY ROAD
    WALTERBORO,SC29488     		  501(C)(3) CARE OF RESUCED WILDLIFE 830
    LAW ENFORCEMENT LEGAL DEFENSE FUND
    1428 DUKE ST
    ALEXANDRIA,VA22314     		  501(C)(3) SUPPORT LAW ENFORCEMENT 2,100
    LEADERSHIP INSTITUTE
    1101 N HIGHLAND STREET
    ARLINGTON,VA22201     		NONE 501(C)(3) EDUCATIONAL ORGANIZATION 7,100
    LIBERTY INSTITUTE
    2001 W PLANO PKWY 1600
    PLANO,TX75075     		  51(C)(3) RESTORE RELIGIOUS LIBERTY IN USA 50
    MARINE CORP SCHOLARSHIP FOUNDATION
    909 N WASHINGTON STREET
    ALEXANDRIA,VA22314     		NONE 501(C)(3) OPPORTUNITIES FOR MARINE FAMILIES 1,000
    MEDIA RESEARCH CENTER
    1900 CAMPUS COMMONS DRIVE
    RESTON,VA20191     		NONE 501(C)(3) TO PROMOTE TRUTH IN MEDIA 1,400
    MERCATUS CENTER G MASON UNIV
    3434 WASHINGTON BLVD
    ARLINGTON,VA22201     		NONE 501(C)(3) ECONOMIC EDUCATION 1,000
    MOUTH AND FOOT PAINTING ARTIST
    2070 PEACHTREE COURT
    ATLANTA,GA30341     		NONE 501(C)(3) SUPPORT FOR ARTISTS W DISABILITES 550
    MULTIPLE SCLEROSIS FOUNDATION
    6520 NORTH ANDREW AVE
    FT LAUDERDALE,FL33309     		NONE 501(C)(3) MS EDUCATION AND ASSISTANCE 600
    MUTTS WITH A MISSION
    PO BOX 99
    RUCKERSVILLE,VA22968     		  501(C)(3) SERVICE DOGS FOR WOUNDED WARRIORS 2,200
    NAT'L FEDERATION FOR THE BLIND
    20 E WELLS STREET
    BALTIMORE,MD21230     		NONE 501(C)(3) SUPPORT FOR BLIND PERSONS 500
    NATIONAL KIDNEY FOUNDATION
    30 EAST 33RD STREET
    NEW YORK,NY10016     		NONE 501(C)(3) EDUC AND RESEARCH FOR KIDNEY DISEASE 500
    NATIONAL RIGHT TO WORK LEGAL FDTN
    8001 BRADDOCK ROAD
    SPRINGFIELD,VA22160     		NONE 501(C)(3) LEGAL DEFENSE FOUNDATION 550
    NATIONAL WILDLIFE FEDERATION
    PO BOX 1583
    MERRIFIELD,VA22116     		  501(C)(3) PROTECTION OF WILDLIFE 1,565
    NATIVE AMERICAN HERITAGE ASSN
    12085 QUAAL ROAD
    BLACK HAWK,SD57718     		NONE 501(C)(3) PRESERV. OF NATIVE AMER CULTURE 500
    NORA LAM CHINESE MINISTRIES
    5442 THORNWOOD DRIVE
    SAN JOSE,CA95123     		  501(C)(3) SPREAD THE GOSPEL AND AID THE POOR 30
    OCEAN CONSERVANCY
    1300 19TH ST NW 8TH FLOO
    WASHINGTON,DC20036     		  501(C)(3) PROTECTING WORLD'S OCEANS 2,085
    PACIFIC LEGAL FOUNDATION
    930 G ST
    SACRAMENTO,CA95814     		  501(C)(3) PROMOTING LIBERTY 1,050
    PHOENIX HOUSE
    164 W 74TH ST 4TH FLOOR
    NEW YORK,NY10023     		  51(C)(3) PROVIDE TREATMENT FOR ADDICTION 7,000
    PRIDEROCK WILDLIFE REFUGE
    17194 CO RD 329
    TERRELL,TX75161     		  501(C)(3) PREVENT ANIMAL CRUELTY 35
    RELIGIOUS FREEDOM COALITION
    PO BOX 77511
    WASHINGTON,DC20013     		  501(C)(3) PRESERVE AMERCA'S CHRISTIAN HERITAGE 35
    SOUTHEASTERN LEGAL FOUNDATION
    2255 SEWELL MILL ROAD
    MARIETTA,GA30062     		NONE 501(C)(3) LEGAL ADVOCACY 4,270
    ST JOSEPH INDIAN SCHOOL
    1301 N MAIN ST
    CHAMBERLAIN,SD57325     		NONE 501(C)(3) EDUCATION FOR NATIVE AMERICANS 3,075
    STATE POLICY NETWORK
    1655 N FT MYER DRIVE 360
    ARLINGTON,VA22209     		  501(C)(3) STRENGTHEN AMERCA'S FEDERALIST SYST 125
    THE ABRAHAM LINCOLN FOUNDATION
    140 S BROAD ST
    PHILADELPHIA,PA19102     		  501(C)(3) PRESERVING PHILADELPHIA HISTORY 200
    THE FOUNDATION ENDOWMENT
    29 S CHESTNUT ST
    WARRENTON,VA20188     		NONE 501(C)(3) ADVANCEMENT OF CHARITABLE EDUCATION 500
    THE NRA FOUNDATION
    11250 WAPLES MILL ROAD
    FAIRFAX,VA22030     		NONE 501(C)(3) EDUCATION ABOUT 2ND AMENDMENT LIBERT 800
    THE SALVATION ARMY
    615 SLATERS LANE
    ALEXANDRIA,VA22313     		NONE 501(C)(3) EMERGENCY DISASTER SERVICES 500
    THE USO
    2111 WILSON BLVD 1200
    ARLINGTON,VA22201     		  501(C)(3) SUPPORTING MILITARY SERVICEMEMBERS 1,000
    THINK FREELY MEDIA
    1920 L ST NW 325
    WASHINGTON,DC20036     		  501(C)(3) SUPPORT LIBERTY BASED MEDIA 4,225
    THOMAS MORE LAW CENTER
    24 FRANK LLOYD WRIGHT DR
    ANN ARBOR,MI48106     		  501(C)(3) PUBLIC INTEREST LAW FIRM 1,550
    TROOPS DIRECT
    2400 CAMINO RAMON 105
    SAN RAMON,CA94583     		  51(C)(3) SUPPORT FOR MILITARY PERSONNEL 93
    TRUTH HOPE JUSTICE FOUNDATION
    23407 SUNSET VIEW
    SORRENTO,FL32776     		  501(C)(3) ASSIST VICTIMS OF DOMESTIC VIOLENCE 12,000
    UNITED STATES JUSTICE FOUNDATION
    932 D ST 2
    RAMONA,CA92065     		  501(C)(3) EDUCATION ON LEGAL ISSUES IN AMERICA 3,535
    US HOLOCAUST MEMORIAL MUSEUM
    100 RAOUL WALLENBERG PL
    WASHINGTON,DC20024     		NONE 501(C)(3) EDUCATION REGARDING THE HOLOCAUST 1,000
    VETERANS OF FOREIGN WARS FOUNDATION
    406 W 34TH ST 920
    KANSAS CITY,MO64111     		  501(C)(3) SUPPORT AMERICAN MILITARY VETERANS 50
    VIRGINA STATE POLICE
    6944 FOREST HILL AVE
    RICHMOND,VA23225     		NONE 501(C)(3) STATE POLICE OFFICER SUPPORT 1,600
    VIRGINIA HOSPITAL CENTER FOUNDATION
    1701 N GEORGE MASON DR
    ARLINGTON,VA22205     		  501(C)(3) SUPPORTING HEALTH CARE 10,000
    WW II VETERANS COMMITTEE
    1100 N GLEBE RD 910
    ARLINGTON,VA22201     		  501(C)(3) PRESERVE LEGACY OF WW II HEROES 2,100
    YOUNG AMERICAS FOUNDATION
    11480 COMMERCE PARK DR
    RESTON,VA20191     		NONE 501(C)(3) PROMOTE INDIVIUAL FEEDOM 1,050
    THE NAT'L MEDAL OF HONOR MUSEUM FDT
    PO BOX 309
    MT PLEASANT,SC29465     		  501(C)(3) HONOR MILITARY HEROES 600
    PAWS FOR PURPLE HEARTS
    5860 LABATH AVE STE A
    ROHNERT PARK,CA94928     		  501(C)(3) SUPPORT FOR VETERANS WITH PTSD 585
    THE NATURE CONSERVANCY
    4245 N FAIRFAX DRIVE 100
    ARLINGTON,VA22203     		  501(C)(3) LAND AND WATER CONSERVATION 25
    NATL LAW ENFORCEMENT OFFICERS MEMOR
    901 E ST NW 100
    WASHINGTON,DC20004     		  501(C)(3) HONOR FALLEN LAW ENFOREMENT OFFICERS 75
    Total .................................bullet 3a 118,670
    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 ...........     		        56
    4 Dividends and interest from securities....         44,704
    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 ............     		        -3,559
    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)..     41,201
    13Total. Add line 12, columns (b), (d), and (e)..................
    1341,201
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    THE ARTHUR L AND LILY D WALTERS
     
    FOUNDATION
    EIN:
    80-0111331
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT ACCOUNTING FEES 2,950      

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

    TY 2015 GainLossSaleOtherAssetsSch
    Name:
    THE ARTHUR L AND LILY D WALTERS
     
    FOUNDATION
    EIN:
    80-0111331
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    1000 SHS MARKET VECTOR JUNION ETF 2015-10 PURCHASE 2015-11   18,494 22,053     -3,559  

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    THE ARTHUR L AND LILY D WALTERS
     
    FOUNDATION
    EIN:
    80-0111331
    Name of Stock End of Year Book Value End of Year Fair Market Value
    34,918 SHS UNITED BANKSHARES 1,291,617 1,291,617

    TY 2015 LegalFeesSchedule
    Name:
    THE ARTHUR L AND LILY D WALTERS
     
    FOUNDATION
    EIN:
    80-0111331
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 2,119 318    


    TY 2015 OtherDecreasesSchedule
    Name:
    THE ARTHUR L AND LILY D WALTERS
     
    FOUNDATION
    EIN:
    80-0111331
    Description Amount
    UNREALIZED LOSSES ON INVESTMENTS 16,062


    TY 2015 OtherExpensesSchedule
    Name:
    THE ARTHUR L AND LILY D WALTERS
     
    FOUNDATION
    EIN:
    80-0111331
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    STATE CORPORATION COMMISSION 25      
    VIRGINIA REGISTRATION FEE 325      
    OTHER EXPENSES 758      


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    THE ARTHUR L AND LILY D WALTERS
     
    FOUNDATION
    EIN:
    80-0111331
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADMINISTRATION 8,000 1,200