TY 2015 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

Information about Form 990-PF and its instructions is at www.irs.gov/form990pf.

OMB No. 1545-0052

2015

Open to Public Inspection

For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015

Name of foundation
HRIPKO HELEN AND MARGARET CHAR FDN

Number and street (or P.O. box number if mail is not delivered to street address)1525 W WT HARRIS BLVD D1114-044
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
CHARLOTTE, NC28262

A Employer identification number

45-4263902

B Telephone number (see instructions)

(855) 739-2922

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$1,017,170J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check Sch. B .............
3	Interest on savings and temporary cash investments	4		4
4	Dividends and interest from securities...	24,811		23,913
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		29,692
b	Gross sales price for all assets on line 6a 203,608
7	Capital gain net income (from Part IV, line 2)...			29,692
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......		4	4
12	Total. Add lines 1 through 11........	54,511		53,613
13	Compensation of officers, directors, trustees, etc.	16,323		14,691		1,632
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........		7,204	0	0	7,204
b	Accounting fees (attach schedule).......		1,000	0	0	1,000
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		2,755	332		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		856	6		850
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	28,138		15,029	0	10,686
25	Contributions, gifts, grants paid.......	17,604				17,604
26	Total expenses and disbursements. Add lines 24 and 25	45,742		15,029	0	28,290
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	8,769
b	Net investment income (if negative, enter -0-)			38,584
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2015)

Form 990-PF (2015)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	33,882	33,445	33,445
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	63,629	44,629	45,764
	b	Investments—corporate stock (attach schedule).......	573,773	603,798	670,249
	c	Investments—corporate bonds (attach schedule).......	284,267	284,150	267,712
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........			0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	955,551	966,022	1,017,170
	17	Accounts payable and accrued expenses..........
	18	Grants payable..................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	955,551	966,022
	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).....	955,551	966,022
	31	Total liabilities and net assets/fund balances (see instructions).	955,551	966,022

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............

955,551

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

8,769

Other increases not included in line 2 (itemize) bullet

2,931

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

967,251

Decreases not included in line 2 (itemize) bullet

1,229

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

966,022

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	35. APPLE INC		2009-10-03	2015-02-24
b	31.686 ARTISAN INTERNATIONAL FD INS #662		2015-03-27	2015-07-13
c	20.222 ARTISAN MID CAP FUND-INS #1333		2014-11-26	2015-03-27
d	38.903 ARTISAN MID CAP FUND-INS #1333		2014-11-26	2015-07-13
e	34.321 ARTISAN SMALL CAP FUND-INS #2452		2014-11-26	2015-07-13
	57.031 ARTISAN SMALL CAP FUND-INS #2452		2012-06-06	2015-07-13
	70. BAXTER INTL INC		2014-11-12	2015-06-19
	41. CVS HEALTH CORPORATION		2009-10-03	2015-06-08
	50. COMCAST CORP CLASS A		2010-01-11	2015-06-08
	22.805 DODGE & COX INT'L STOCK FD #1048		2014-11-26	2015-07-13
	508.044 DREYFUS EMG MKT DEBT LOC C-I #6083		2012-06-06	2015-07-13
	641.437 DREYFUS INTERNATL BOND FD CL I #6094		2014-11-26	2015-07-13
	957.854 DRIEHAUS ACTIVE INCOME FUND		2013-12-23	2015-03-27
	199. E M C CORP MASS		2011-01-25	2015-10-27
	320.513 EATON VANCE GLOBAL MACRO - I #0088		2015-03-27	2015-07-13
	26.062 JP MORGAN MID CAP VALUE-I #758		2014-11-26	2015-07-13
	.0247 GOOGLE INC-CL C		2010-10-18	2015-05-06
	25. INTERNATIONAL BUSINESS MACHS CORP		2009-10-03	2015-09-08
	9. ISHARES S&P SMALL-CAP 600 VALUE		2012-06-06	2015-03-27
	8. ISHARES S&P SMALL-CAP 600 VALUE		2012-06-06	2015-07-13
	7000. JPMORGAN CHASE & CO 3.700% 1/20/15		2009-11-03	2015-01-20
	80. JOHNSON & JOHNSON		2009-10-03	2015-07-13
	78.365 MERGER FUND-INST #301		2014-03-31	2015-03-27
	238.492 MERGER FUND-INST #301		2012-06-15	2015-03-27
	83.893 ASG GLOBAL ALTERNATIVES-Y #1993		2013-12-23	2015-03-27
	1110.462 NUVEEN HIGH YIELD MUNI BD-R #1668		2014-11-26	2015-03-27
	28.727 OPPENHEIMER DEVELOPING MKT-I #799		2014-03-31	2015-07-13
	4739.893 PIMCO TOTAL RET FD-INST #35		2013-04-11	2015-03-27
	91.075 PIMCO FOREIGN BD FD USD H-INST #103		2014-11-26	2015-03-27
	684.602 PIMCO FOREIGN BD FD USD H-INST #103		2012-06-06	2015-07-13
	264.165 PIMCO FOREIGN BD FD USD H-INST #103		2014-11-26	2015-07-13
	5. THE PRICELINE GROUP INC.		2009-11-02	2015-07-13
	45. SPDR DJ WILSHIRE INTERNATIONAL REAL		2014-08-19	2015-03-27
	100. US BANCORP		2013-04-08	2015-06-08
	69. VANGUARD REIT VIPER		2012-06-15	2015-03-27
	15. VANGUARD REIT VIPER		2014-03-31	2015-03-27
	50. ACE LIMITED		2014-02-10	2015-06-08
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	4,647	923	3,724
b	1,000	998	2
c	1,000	977	23
d	2,000	1,880	120
e	1,127	1,000	127
	1,873	1,088	785
	4,874	4,987	-113
	4,092	1,449	2,643
	2,901	841	2,060
	1,000	1,035	-35
	6,000	6,925	-925
	10,000	10,770	-770
	10,000	10,300	-300
	5,179	3,505	1,674
	3,000	3,010	-10
	1,000	1,037	-37
	14	8	6
	3,671	2,970	701
	1,057	642	415
	941	570	371
	7,000	7,030	-30
	8,005	4,780	3,225
	1,237	1,259	-22
	3,763	3,754	9
	1,000	1,005	-5
	19,233	19,000	233
	1,000	1,062	-62
	51,333	53,508	-2,175
	1,000	1,026	-26
	7,216	7,421	-205
	2,784	2,975	-191
	5,849	798	5,051
	1,979	2,026	-47
	4,378	3,352	1,026
	5,778	4,212	1,566
	1,256	1,045	211
	5,190	4,748	442
			10,231

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			3,724
b			2
c			23
d			120
e			127
			785
			-113
			2,643
			2,060
			-35
			-925
			-770
			-300
			1,674
			-10
			-37
			6
			701
			415
			371
			-30
			3,225
			-22
			9
			-5
			233
			-62
			-2,175
			-26
			-205
			-191
			5,051
			-47
			1,026
			1,566
			211
			442

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	29,692
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2014	25,994	1,096,048	0.023716
2013	30,556	1,038,183	0.029432
2012	68,749	896,695	0.076669
2011
2010

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

20.129817

Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years . . .

0.043272

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

1,065,106

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

46,089

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

386

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

46,475

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

28,290

If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.

Form 990-PF (2015)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	772
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	772
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	772
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	1,704
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	1,704
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	932
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax772	Refunded	11	160

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?

If "Yes," complete Part XIV.............................

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

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

Form 990-PF (2015)

Page 5

Part VII-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement (see instructions).................

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

Yes

Website address bullet

The books are in care of bullet

WELLS FARGO BANK NA Telephone no. bullet

(855) 739-2922

Located at bullet

ONE WEST 4TH ST D4000-062WINSTONSALEMNC ZIP+4 bullet

27101

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

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

16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country?

16 No

See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

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

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

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

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

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?...............YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).......YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2015?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2015, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2015?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2015.)..................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?

Form 990-PF (2015)

Page 6

Part VII-B

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

During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

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

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

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

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

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

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

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

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?..........YesNo

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

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

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

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

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

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

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

Form 990-PF (2015)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
WELLS FARGO BANK NA	TRUSTEE 40	16,323
1525 W WT HARRIS BLVD D1114-044 CHARLOTTE,NC28288	TRUSTEE 40	16,323

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

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

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

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2015)

Page 8

Part X

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

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

purposes:

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

1,046,825

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

34,501

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

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

1,081,326

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

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

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

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

1,081,326

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

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

16,220

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

1,065,106

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

53,255

Part XI

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

and do not complete this part.)

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

53,255

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

772

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

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

772

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

52,483

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

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

52,483

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

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

52,483

Part XII

Qualifying Distributions (see instructions)

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

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

28,290

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

28,290

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

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

28,290

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2015)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2014	(c) 2014	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7					52,483
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......				12,913
b Total for prior years:2013, 20, 20			0
3 Excess distributions carryover, if any, to 2015:
a From 2010......	0
b From 2011......	0
c From 2012......	0
d From 2013......	0
e From 2014......	0
fTotal of lines 3a through e........		0
4Qualifying distributions for 2015 from Part
XII, line 4: $ 28,290
a Applied to 2014, but not more than line 2a				12,913
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2015 distributable amount.....					15,377
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2015.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2014. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2016. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........					37,106
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8Excess distributions carryover from 2010 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2011....	0
b Excess from 2012....	0
c Excess from 2013....	0
d Excess from 2014....	0
e Excess from 2015....	0

Form 990-PF (2015)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2015, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2015	(b) 2014	(c) 2013	(d) 2012	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

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

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

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

cAny submission deadlines:

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

Form 990-PF (2015)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
THE GREAT COMMAND FATHER RACO BISHOPS HOUSE ATTN PAULETTE MAUDRY 4498 HUNTER LAKE DRIVE POWELL,OH43065	NONE	PC	GENERAL SUPPORT	2,201
ST VINCENT DE PAUL SOCIETY FOOD BANK ATTN BRIAN J ANTAL PO BOX 224 YOUNGSTOWN,OH44501	NONE	PC	GENERAL SUPPORT	732
URSULINE SISTERS OF YOUNGSTOWN URSULINE MOTHER HOUSE 4250 SHIELDS ROAD CANFIELD,OH444069329	NONE	PC	GENERAL SUPPORT	1,468
OUR LADY OF SORROWS PARIS CO HOLY NAME OF JESUS CHURCH 915 CORNELL STREET YOUNGSTOWN,OH44502	NONE	PC	GENERAL SUPPORT	1,100
URSULINE HIGH SCHOOL 750 WICK AVE YOUNGSTOWN,OH44505	NONE	PC	GENERAL SUPPORT	2,201
NAT SHRINE OF OUR LADY OF LEBANON 2759 N LIPKEY RD NORTH JACKSON,OH44451	NONE	PC	GENERAL SUPPORT	734
SECOND HARVEST FOOD BANK OF MAHONING OF MAHONING VALLEY 2805 SALT SPRINGS ROAD YOUNGSTOWN,OH445091037	NONE	PC	GENERAL SUPPORT	366
SISTERS OF CHARITY OF CINCINNATI 5900 DELHI ROAD MOUNT ST JOSEPH,OH45051	NONE	PC	GENERAL SUPPORT	734
ST ANDREW ABBEY BENEDICTINE HIGH SCH ATTN DR THODORE GIRARD OSB TREAS 10510 BUKEYE RD CLEVELAND,OH441043725	NONE	PC	GENERAL SUPPORT	1,100
BEATITUDE HOUSE 238 TOD LN YOUNGSTOWN,OH44504	NONE	PC	GENERAL SUPPORT	734
SHRINE OF OUR LADY COMFORTER OF THE AFFLICTED 517 S BELLE VISTA AVE YOUNGSTOWN,OH445092246	NONE	PC	GENERAL SUPPORT	1,467
ROMAN CATHOLIC DIOCESE OF YOUNGSTOWN YOUNGSTOWN FOUNDATION 144 W WOOD ST YOUNGSTOWN,OH445031030	NONE	PC	GENERAL SUPPORT	2,935
FRANCISCAN MISSIONS PO BOX 130 WATERFORD,WI53185	NONE	PC	GENERAL SUPPORT	1,100
FATHERS OF ST EDMUND SOUTHERN MISSIONS INC 1428 BROAD ST SELMA,AL36701	NONE	PC	GENERAL SUPPORT	366
POTTERS WHEEL 145 N GLENELLEN AVE YOUNGSTOWN,OH44509	NONE	PC	GENERAL SUPPORT	366
Total ................................. 3a				17,604

bApproved for future payment

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

Form 990-PF (2015)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........			14	4
4 Dividends and interest from securities....			14	24,811
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	29,692
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aMUTUAL FUND INCOME			14	4
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				54,511

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

1354,511

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2015)

Page 13

Part XVII

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........YesNo

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2015)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2015 AccountingFeesSchedule

Name:

HRIPKO HELEN AND MARGARET CHAR FDN

EIN:

45-4263902

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC	1,000			1,000

- TIN:

TY 2015 InvestmentsCorpBondsSchedule

Name:

HRIPKO HELEN AND MARGARET CHAR FDN

EIN:

45-4263902

Name of Bond	End of Year Book Value	End of Year Fair Market Value
079860AG7 BELLSOUTH CORP
208251AE8 CONOCO INC	5,700	6,872
36962G3P7 GENERAL ELEC CAP COR	7,342	9,788
46625HHP8 JPMORGAN CHASE & CO
717081DB6 PFIZER INC.	6,803	6,750
92343VAM6 VERIZON COMMUNICATIO
256210105 DODGE & COX INCOME F	59,500	58,201
261980494 DREYFUS EMG MKT DEBT	24,460	19,051
262028855 DRIEHAUS ACTIVE INCO	12,036	11,140
315920702 FID ADV EMER MKTS IN	22,000	20,710
51855Q655 LAUDUS MONDRIAN INTL
693390700 PIMCO TOTAL RET FD-I
693390882 PIMCO FOREIGN BD FD	14,579	13,328
76628T645 RIDGEWORTH SEIX HY B
261980668 DREYFUS INTERNATL BO	15,230	13,198
4812C0803 JPMORGAN HIGH YIELD	40,000	34,817
77958B402 T ROWE PRICE INST FL	17,000	16,196
592905509 MET WEST TOTAL RETUR	59,500	57,661

- TIN:

TY 2015 InvestmentsCorpStockSchedule

Name:

HRIPKO HELEN AND MARGARET CHAR FDN

EIN:

45-4263902

Name of Stock	End of Year Book Value	End of Year Fair Market Value
018490102 ALLERGAN INC
023135106 AMAZON COM INC COM
03027X100 AMERICAN TOWER CORP
037833100 APPLE INC	2,505	10,000
04314H105 ARTISAN FDS INC SMAL
04314H204 ARTISAN INTERNATIONA
04314H600 ARTISAN MID CAP FUND	32,430	35,214
05964H105 BANCO SANTANDER CEN-	86	34
084670702 BERKSHIRE HATHAWAY I	6,201	9,243
126650100 CVS HEALTH CORPORATI	3,534	9,777
14040H105 CAPITAL ONE FINANCIA
166764100 CHEVRON CORP	4,598	6,027
177376100 CITRIX SYS INC COM
20030N101 COMCAST CORP CLASS A	2,263	7,618
20825C104 CONOCOPHILLIPS	3,317	4,295
235851102 DANAHER CORP
25264S833 DIAMOND HILL LONG-SH
254687106 WALT DISNEY CO	4,189	14,396
263534109 DU PONT E I DE NEMOU
26441C204 DUKE ENERGY HOLDING
26852M105 EII INTERNATIONAL PR
268648102 E M C CORP MASS
339128100 JP MORGAN MID CAP VA	31,176	37,284
369604103 GENERAL ELECTRIC CO
38143H381 GOLDMAN SACHS COMM S	49,440	28,341
38259P508 GOOGLE INC
448108100 HUSSMAN STRATEGIC GR
45865V100 INTERCONTINENTALEXCH
459200101 INTERNATIONAL BUSINE
464287879 ISHARES S&P SMALL-CA	12,335	18,712
478160104 JOHNSON & JOHNSON
494368103 KIMBERLY CLARK CORP
50076Q106 KRAFT FOODS GROUP IN
589509108 MERGER FD SH BEN INT
609207105 MONDELEZ INTERNATION	1,563	4,170
66987V109 NOVARTIS AG - ADR
674599105 OCCIDENTAL PETE CORP
683974505 OPPENHEIMER DEVELOPI
717081103 PFIZER INC
740189105 PRECISION CASTPARTS
741503403 THE PRICELINE GROUP
747525103 QUALCOMM INC
855244109 STARBUCKS CORP COM	1,037	3,602
89417E109 TRAVELERS COMPANIES,	3,418	7,900
907818108 UNION PACIFIC CORP	4,503	7,820
91324P102 UNITEDHEALTH GROUP I	2,752	9,999
922042858 VANGUARD FTSE EMERGI	18,700	15,243
922908553 VANGUARD REIT VIPER	31,073	39,865
92343V104 VERIZON COMMUNICATIO	2,848	4,391
G29183103 EATON CORP PLC	3,666	3,851
03524A108 ANHEUSER-BUSCH INBEV	2,972	3,750
12572Q105 CME GROUP INC	2,102	3,171
17275R102 CISCO SYSTEMS INC	2,881	3,802
256206103 DODGE & COX INT'L ST	57,965	50,462
375558103 GILEAD SCIENCES INC	2,122	4,554
38141G104 GOLDMAN SACHS GROUP	2,144	2,703
46625H100 JPMORGAN CHASE & CO	5,499	7,593
63872T885 ASG GLOBAL ALTERNATI	22,685	20,419
806857108 SCHLUMBERGER LTD	2,251	2,093
902973304 US BANCORP DEL NEW
008252108 AFFILIATED MANAGERS	3,737	3,195
071813109 BAXTER INTL INC
097023105 BOEING CO	5,042	5,784
231021106 CUMMINS INC.	3,961	2,200
277923728 EATON VANCE GLOBAL M	20,944	20,330
38259P706 GOOGLE INC-CL C
589509207 MERGER FUND-INST #30	11,703	11,338
64128R608 NEUBERGER BERMAN LON	39,000	36,979
683974604 OPPENHEIMER DEVELOPI	52,225	47,964
74255L696 PRINCIPAL GL MULT ST	12,000	11,270
78463X863 SPDR DJ WILSHIRE INT	40,698	35,677
H0023R105 ACE LIMITED
02079K107 ALPHABET INC CL C	2,755	6,830
02079K305 ALPHABET INC CL A	2,771	7,002
04314H402 ARTISAN INTERNATIONA	41,987	55,656
04314H758 ARTISAN SMALL CAP FU	12,061	17,077
09247X101 BLACKROCK INC	4,545	4,086
150870103 CELANESE CORP	3,489	3,367
594918104 MICROSOFT CORP	4,137	4,993
61166W101 MONSANTO CO NEW	4,011	3,448
693475105 PNC FINANCIAL SERVIC	4,843	4,766
771195104 ROCHE HOLDINGS LTD -	3,592	3,447
872540109 TJX COMPANIES INC	3,610	3,546
883556102 THERMO FISHER SCIENT	4,432	4,965

- TIN:

TY 2015 InvestmentsGovtObligationsSch

Name:

HRIPKO HELEN AND MARGARET CHAR FDN

EIN:

45-4263902

US Government Securities - End of Year Book Value:

44,629

US Government Securities - End of Year Fair Market Value:

45,764

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

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

- TIN:

TY 2015 LegalFeesSchedule

Name:

HRIPKO HELEN AND MARGARET CHAR FDN

EIN:

45-4263902

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FRIEDMAN & RUMMELL - LEGAL SER	7,204			7,204

- TIN:

TY 2015 OtherDecreasesSchedule

Name:

HRIPKO HELEN AND MARGARET CHAR FDN

EIN:

45-4263902

Description	Amount
MUTUAL FUND POSTING NEXT YR EFF CURRENT YEAR	361
ROC ADJUSTMENT	864
ROUNDING	4

- TIN:

TY 2015 OtherExpensesSchedule

Name:

HRIPKO HELEN AND MARGARET CHAR FDN

EIN:

45-4263902

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FORM 1023 USER FEE	850	0		850
ADR FEES	6	6		0

- TIN:

TY 2015 OtherIncomeSchedule2

Name:

HRIPKO HELEN AND MARGARET CHAR FDN

EIN:

45-4263902

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
MUTUAL FUND INCOME	4	4

- TIN:

TY 2015 OtherIncreasesSchedule

Name:

HRIPKO HELEN AND MARGARET CHAR FDN

EIN:

45-4263902

Description	Amount
MUTUAL FUND CURRENT YR EFF PREVIOUS YEAR	2,931

- TIN:

TY 2015 TaxesSchedule

Name:

HRIPKO HELEN AND MARGARET CHAR FDN

EIN:

45-4263902

Category	Amount	Net Investment Income
FOREIGN TAXES	30	30
FEDERAL TAX PAYMENT - PRIOR YE	719	0
FEDERAL ESTIMATES - PRINCIPAL	1,704	0
FOREIGN TAXES ON QUALIFIED FOR	212	212
FOREIGN TAXES ON NONQUALIFIED	90	90