Form990-PF
Click to see attachment

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
GEORGE AND FRANCES BALL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 1408
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MUNCIE, IN47308
A Employer identification number

35-6033917
B Telephone number (see instructions)

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$99,232,577J 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 521 521 521
4 Dividends and interest from securities... 2,272,785 2,272,785 2,272,785
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,594,427
b Gross sales price for all assets on line 6a 9,722,046
7 Capital gain net income (from Part IV, line 2)... 3,594,427
8 Net short-term capital gain......... 59,227
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........ 5,867,733 5,867,733 2,332,533
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 128,606     128,606
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 45,267     45,267
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 57,123 57,123    
c Other professional fees (attach schedule).... Click to see attachment 288,019 288,019    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 117,772 18,995    
19 Depreciation (attach schedule) and depletion... Click to see attachment 288 288  
20 Occupancy.............. 30,036     30,036
21 Travel, conferences, and meetings....... 2,170     2,170
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 11,427 11,427    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 680,708 375,852   206,079
25 Contributions, gifts, grants paid....... 4,863,000 4,863,000
26 Total expenses and disbursements. Add lines 24 and 25 5,543,708 375,852   5,069,079
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 324,025
b Net investment income (if negative, enter -0-) 5,491,881
c Adjusted net income (if negative, enter -0-)... 2,332,533
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,938,176 1,334,078 1,334,078
3 Accounts receivable bullet601,450
Less: allowance for doubtful accounts bullet   37,290 601,450 601,450
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) 6,608,255 Click to see attachment6,192,331 6,331,880
b Investments—corporate stock (attach schedule)....... 51,491,142 Click to see attachment51,760,902 76,558,402
c Investments—corporate bonds (attach schedule)....... 14,144,236 Click to see attachment14,652,649 14,405,433
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 bullet10,516
Less: accumulated depreciation (attach schedule) bullet9,182 53 Click to see attachment1,334 1,334
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 74,219,152 74,542,744 99,232,577
Liabilities 17 Accounts payable and accrued expenses.......... 2,332 1,900
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) Click to see attachment1  
23 Total liabilities (add lines 17 through 22)......... 2,333 1,900
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 31,967,307 31,967,307
29 Retained earnings, accumulated income, endowment, or other funds 42,249,512 42,573,537
30 Total net assets or fund balances (see instructions)..... 74,216,819 74,540,844
31 Total liabilities and net assets/fund balances (see instructions). 74,219,152 74,542,744
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
74,216,819
2
Enter amount from Part I, line 27a .....................
2
324,025
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
74,540,844
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
74,540,844
Form 990-PF (2015)
Form 990-PF (2015)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a 1300 ACCENTURE PLC ADR P 2008-04-18 2015-12-23
b ALERIAN MLP P 2010-01-01 2015-02-12
c 250000 ALLERGAN 3.075% 9-15-20 P 2013-10-28 2015-05-05
d 10000 ALTERA CORP P 2010-01-01 2015-01-01
e AMERICAN EUROPACIFIC GROWTH P 2010-01-01 2015-12-28
1500 APACHE CORPORATION P 2009-12-22 2015-07-14
ARTISAN MIDCAP VALUE - LTG P 2010-01-01 2015-11-23
1100 AUTOMATIC DATA PROCESSING COM P 1993-02-24 2015-01-01
9600 BAKER HUGHES P 2010-01-01 2015-07-23
900 BAXALTA INC P 2015-03-03 2015-10-14
6000 BAXALTA INC P 2010-01-01 2015-10-14
900 BECTON DICKINSON & CO P 2011-03-25 2015-06-29
320000 BRUNSWICK CO NC 4.0% 4-1-14 P 2010-06-25 2015-06-15
1200 CHEMOURS CO P 2010-01-01 2015-07-17
6000 COVIDIEN ADR P 2010-01-01 2015-02-02
1000 DANAHER CORPORATION P 2005-03-24 2015-12-23
6000 DUPONT E DE NEMOURS P 2010-01-01 2015-12-29
1500 ECOLAB INC P 2010-01-01 2015-12-29
250000 FED FARM CR BK 3.28% 8-5-24 P 2014-07-24 2015-08-05
300000 FED FARM CR BK 2.72% 2-21 P 2014-02-05 2015-02-12
FEDERATED TOTAL RETURN BOND-LTG P 2010-01-01 2015-12-29
117383.76 FHLMC FHR 3203 VA CMO 5.0% 8-17 P 2007-12-11 2015-01-01
13700 FLOWERS FOOD INC P 2010-01-01 2015-04-13
13653.73 FNMA PTP - 5.000% 6-1-18 P 2005-03-17 2015-01-01
FRANKLIN SMALL CAP VALUE-LTG P 2010-01-01 2015-12-18
1700 HARRIS CORP P 2007-06-25 2015-01-01
11000 HCC INS HLDGS INC P 2010-01-01 2015-09-04
250000 IN BD BK TXBL SCH 5.26% 7-15-18 P 2012-05-23 2015-01-01
5000 INTEL CORPORATION P 1993-04-19 2015-07-14
1800 J.M. SMUCKER CORPORATION P 2009-07-30 2015-09-02
3400 JACK HENRY & ASSOC P 2010-01-01 2015-01-01
500000 LOWES 5.0% 10-15-15 P 2008-11-25 2015-10-15
MICROCHIP TECHNOLOGY-RTN OF CAP P 2010-01-01 2015-02-12
NORTHERN SMALL CAP VALUE - LTG P 2010-01-01 2015-12-22
NUVEEN MIDCAP GROWTH - LTG P 2010-01-01 2015-12-17
OPPEN STEEL PATH MLP - RTN CAP P 2010-01-01 2015-02-12
4500 PETSMART INC P 2010-01-01 2015-03-12
1500 PETSMART INC P 2014-03-25 2015-03-12
1500 PETSMART INC P 2014-06-20 2015-03-12
250000 PRAXAIR 3.25% 9-15-15 P 2009-09-17 2015-09-15
PUBLIC STORAGE PREF SER X 5.2%-LTG P 2013-03-04 2015-09-30
188098.47 SBA GUAR POOL 5.110% 4-25 P 2008-09-02 2015-04-01
156736.29 SBA GUAR POOL 5.110% 4-25 P 2008-09-02 2015-10-01
345000 SOUTH BEND REDEV AUTH 2.45% 8/1/15 P 2011-07-28 2015-08-03
1200 STRYKER CORPORATION P 2005-09-21 2015-05-29
5300 SYSCO CORPORATION P 1995-09-15 2015-09-02
9345.794 VANGUARD ST INVEST ADM IRAL P 2014-06-26 2015-06-01
VANGUARD TOTAL BOND MKT INDX ETF-LTG P 2010-01-01 2015-01-01
VANGUARD TOTAL BOND MKT INDX ETF-LTG P 2010-01-01 2015-01-01
2700 VF CORPORATION P 2010-01-01 2015-01-01
1400 WALT DISNEY CO P 2013-06-20 2015-09-02
(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 135,434   51,332 84,102
b     11,717 -11,717
c 256,625   259,752 -3,127
d 520,866   342,652 178,214
e 16,189     16,189
80,904   155,599 -74,695
411,367     411,367
91,186   14,831 76,355
562,746   377,269 185,477
27,857   28,749 -892
185,713   136,503 49,210
128,793   70,860 57,933
320,000   320,000  
15,553   10,318 5,235
646,818   295,404 351,414
93,608   27,144 66,464
405,276   203,234 202,042
173,815   48,957 124,858
250,000   250,000  
300,000   300,000  
408     408
117,384   117,530 -146
317,590   163,951 153,639
13,654   13,739 -85
107,390     107,390
139,144   91,485 47,659
851,235   311,166 540,069
250,000   262,845 -12,845
147,589   24,455 123,134
206,593   90,905 115,688
225,107   103,734 121,373
500,000   500,000  
    18,784 -18,784
37,859     37,859
162,715     162,715
    30,457 -30,457
373,500   309,280 64,220
124,500   101,527 22,973
124,500   86,700 37,800
250,000   250,937 -937
29     29
31,362   30,970 392
22,920   22,634 286
345,000   345,000  
115,962   60,787 55,175
209,542   48,157 161,385
100,000   100,654 -654
1,332     1,332
1,000     1,000
182,726   49,392 133,334
140,255   88,209 52,046
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       84,102
b       -11,717
c       -3,127
d       178,214
e       16,189
      -74,695
      411,367
      76,355
      185,477
      -892
      49,210
      57,933
       
      5,235
      351,414
      66,464
      202,042
      124,858
       
       
      408
      -146
      153,639
      -85
      107,390
      47,659
      540,069
      -12,845
      123,134
      115,688
      121,373
       
      -18,784
      37,859
      162,715
      -30,457
      64,220
      22,973
      37,800
      -937
      29
      392
      286
       
      55,175
      161,385
      -654
      1,332
      1,000
      133,334
      52,046
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 3,594,427
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 59,227
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 4,690,491 103,584,311 0.04528
2013 4,349,045 95,724,928 0.04543
2012 4,197,313 86,687,864 0.04842
2011 3,982,535 86,638,217 0.04597
2010 3,825,874 81,276,742 0.04707
2
Total of line 1, column (d) .....................
20.232173
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
0.046435
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
102,884,658
5
Multiply line 4 by line 3......................
5
4,777,449
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
54,919
7
Add lines 5 and 6........................
7
4,832,368
8
Enter qualifying distributions from Part XII, line 4.............
8
5,069,079
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 54,919
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 54,919
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 54,919
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 91,000
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 91,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 36,081
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet36,081 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
 
No
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)
    bulletIN
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletBALL ASSOCIATES Telephone no.bullet (765) 741-5500

    Located atbulletP O BOX 1408MUNCIEIN ZIP+4bullet47308
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    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
     
    No
    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
     
    No
    .........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
     
    No
    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
    FRANK A BRACKEN Pres. Emeritus
    1.00     		0    
    5150 PLANTATION DRIVE
    INDIANAPOLIS,IN46250
    JOSEPH F WIESE Director
    1.00     		0    
    5915 FIFE TRAIL
    CARMEL,IN46033
    JOAN H McKEE Secretary & Dir
    1.00     		0    
    1012 N BRIAR ROAD
    MUNCIE,IN47304
    STEFAN S ANDERSON Chair, VP, Dir
    1.00     		0    
    2705 W TWICKINGHAM DRIVE
    MUNCIE,IN47304
    ROBERT M SMITSON Director
    1.00     		0    
    5200 W PINERIDGE RD
    MUNCIE,IN47304
    JON H MOLL Vice Chair &Dir
    1.00     		0    
    2308 W WILSHIRE ROAD
    MUNCIE,IN47304
    RONALD K FAUQUHER Director
    1.00     		0    
    9001 W LONEBEECH DRIVE
    MUNCIE,IN47304
    THOMAS C BRACKEN President & Dir
    40.00     		128,606 12,861  
    1246 W WARWICK RD
    MUNCIE,IN47304
    NORMAN E BECK Director
    1.00     		0    
    3708 ALLEN COURT
    MUNCIE,IN47304
    TAMARA S PHILLIPS Treasurer
    4.00     		0    
    7290 W CR 200 S
    YORKTOWN,IN47396
    MICHAEL B GALLIHER Director
    1.00     		0    
    191 N TIMBER RIDGE CT
    MUNCIE,IN47304
    CAROL E SEALS Asst Treasurer
    2.00     		0    
    3309 W TWICKINGHAM DR
    MUNCIE,IN47304
    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  
    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
    104,390,341
    b
    Average of monthly cash balances.......................
    1b
    61,088
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    104,451,429
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    104,451,429
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,566,771
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    102,884,658
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    5,144,233
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    5,144,233
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    54,919
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    54,919
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    5,089,314
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    5,089,314
    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
    5,089,314
    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
    5,069,079
    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
    5,069,079
    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
    54,919
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    5,014,160
    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 5,089,314
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 4,727,836
    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......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 5,069,079
    a Applied to 2014, but not more than line 2a 4,727,836
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 341,243
    e Remaining amount distributed out of corpus  
    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  
    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 ..........     		4,748,071
    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 ......     		 
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    KRIS GROSS
    PO BOX 1408
    MUNCIE,IN47308
    (765) 741-5500
    bThe form in which applications should be submitted and information and materials they should include:
    DESCRIPTION OF PROJECT, BUDGET, COPY OF IRS EXEMPTION LETTER
    cAny submission deadlines:
    APPLICATIONS ACCEPTED ANYTIME
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    PROVIDES GRANTS TO ORGANIZATIONS SHARING SIMILAR VALUES OF THE BALL FAMILY WITH A PRIMARY FOCUS ON IMPROVING THE LIVABILITY AND EDUCATIONAL ATTAINMENT OF THE CITIZENS OF EAST CENTRAL INDIANA
    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
    BALL STATE UNIVERSITY FOUNDATION
    PO BOX 672
    MUNCIE,IN47308     		N/A PC EMENS AUDITORIUM RENOVATIONS 500,000
    BALL STATE UNIVERSITY FOUNDATION
    PO BOX 672
    MUNCIE,IN47306     		N/A PC ATHLETIC CAMPAIGN CARDINAL COMMITMENT 661,051
    BALL STATE UNIVERSITY FOUNDATION
    DEPARTMENT OF JOURNALISM
    MUNCIE,IN47306     		N/A PC FRANK & JUDY BRACKEN SCHOLARSHIP 40,000
    CHRISTIAN MINISTRIES OF DELAWARE COUNTY
    PO BOX 1088
    MUNCIE,IN47308     		N/A PC SLEEPING ROOMS 20,000
    COLLEGE MENTORS FOR KIDS
    212 W 10TH STREET
    INDIANAPOLIS,IN46202     		N/A PC BSU CHAPTER PROGRAM EXPENSES 5,000
    DELAWARE ADVANCEMENT CORPORATION
    PO BOX 842
    MUNCIE,IN47308     		N/A PC VISION 2016 & REGIONAL CITIES INITIATIVE 128,000
    ECI REGIONAL PARTNERSHIP
    PO BOX 1912
    MUNCIE,IN47308     		N/A PC OPERATIONAL SUPPORT 75,000
    GREATER MUNCIE IN HABITAT FOR HUMANITY
    PO BOX 1119
    MUNCIE,IN47308     		N/A PC ACQUISITION OF PROPERTY/REHAB PROJECTS 50,000
    MINNETRISTA CULTURAL FOUNDATION INC
    1200 N MINNETRISTA PARKWAY
    MUNCIE,IN47303     		N/A SO I OPERATIONS/ CAPITAL PROJECTS 1,110,000
    MUNCIE SYMPHONY ORCHESTRA
    1419 WEST MARSH STREET
    MUNCIE,IN47306     		N/A PC CLASSICAL SERIES/POPS PICNIC/MUSIC ON MOVE 60,000
    RED-TAIL CONSERVANCY INC
    PO BOX 8
    MUNCIE,IN47308     		N/A PC OPERATIONS SUPPORT 25,000
    UNITED WAY OF DELAWARE COUNTY INC
    PO BOX 968
    MUNCIE,IN47308     		N/A PC ANNUAL CAMPAIGN 150,000
    BOY SCOUTS OF AMERICA-CROSSROADS COUNCIL
    7125 FALL CREEK RD N
    INDIANAPOLIS,IN46256     		N/A PC MENTORING, OUTDOOR LEARNING - STEM PROGRAMMING 35,000
    ARTS PLACE INC
    PO BOX 804
    PORTLAND,IN47371     		N/A PC MUSIC WORKS PROGRAM 5,000
    MUNCIE CIVIC THEATER
    216 E MAIN STREET
    MUNCIE,IN47305     		N/A PC UNDERWRITE SCRIPTS/ ROYALTIES/ MUSIC & CAPITAL CAMPAIGN 414,819
    CORNERSTONE CENTER FOR THE ARTS
    520 E MAIN ST
    MUNCIE,IN47305     		N/A PC GENERAL OPERATIONS 90,000
    MASTERWORKS CHORALE
    520 EAST MAIN ST
    MUNCIE,IN47305     		N/A PC FALL OUTREACH CONCERT 2,500
    UNITED NEGRO COLLEGE FUND
    3737 N MERIDIAN ST STE 203
    INDIANAPOLIS,IN46208     		N/A PC INDIANA ANNUAL CAMPAIGN 10,000
    YWCA OF MUNCIE
    310 EAST CHARLES ST
    MUNCIE,IN47305     		N/A PC FACILITY STUDY 15,000
    IVY TECH FOUNDATION
    4301 S COWAN ROAD
    MUNCIE,IN47302     		N/A PC ACADEMIC SUCCESS CENTER 200,000
    FELLOWSHIP OF CHRISTIAN ATHLETES
    3201 N 600 W
    MUNCIE,IN47304     		N/A PC FULL-TIME STAFF PERSON 10,000
    MUSIC FOR ALL
    39 W JACKSON PL SUITE 150
    INDIANAPOLIS,IN46225     		N/A PC SUMMER SYMPOSIUM 30,000
    TEAMWORK FOR QUALITY LIVING
    PO BOX 468
    MUNCIE,IN47308     		N/A PC ARTS & ACTIVITIES PROJECT 21,300
    BOYS & GIRLS CLUB OF MUNCIE
    1710 S MADISON ST
    MUNCIE,IN47302     		N/A PC PROGRAM SUPPORT & FACILITY UPGRADES 35,000
    BALL STATE UNIVERSITY-DEPT OF TELECOM
    2000 W UNIVERSITY AVE BC 201h
    MUNCIE,IN47306     		N/A PC DEVELOPMENT OF WEBSITE & VIDEO PROFILES 67,210
    CARDINAL GREENWAY
    700 E WYSOR ST
    MUNCIE,IN47305     		N/A PC TRAIL MAINTENANCE 91,000
    MUNCIE COMMUNITY SCHOOLS
    1601 E 26TH ST
    MUNCIE,IN47302     		N/A PC OUTFITING ATHLETIC TEAMS FOR SOUTHSIDE MIDDLE SCHOOL 27,035
    MUNCIE DOWNTOWN DEVELOPMENT PARTNERSHIP
    120 W CHARLES ST
    MUNCIE,IN47305     		N/A PC MUNCIE THREE TRAILS MUSIC SERIES 10,000
    RILEY CHILDRENS FOUNDATION
    30 S MEREDIAN ST SUITE 200
    INDIANAPOLIS,IN46204     		N/A PC PEDIATRIC DIABETES RESEARCH - LUKE BRACKEN WIESE FUND 50,000
    SECOND HARVEST FOOD BANK
    6621 N OLD STATE RD 3
    MUNCIE,IN47303     		N/A PC COMPOST PROGRAM 70,000
    SMART LIVING PROJECT INC
    5424 N COUNTY RD 500 E
    ALBANY,IN47320     		N/A POF LIVING LIGHTLY FAIR 5,000
    YOUTH OPPORTUNITY CENTER FOUNDATION
    3700 W KILGORE AVE
    MUNCIE,IN47304     		N/A PC PROGRAM RESOURCES & MODIFICATIONS 126,855
    COMMUNITY FOUNDATION OF MUNCIE & DE CO
    PO BOX 807
    MUNCIE,IN47308     		N/A PC LAND CONSERVATION FUND 99,130
    COMMUNITY ENHANCEMENT PROJECTS
    650 W MINNETRISTA BLVD
    MUNCIE,IN47303     		N/A PC COUNTY BUILDING LANDSCAPE 5,000
    DELAWARE CO BY5 EARLY CHILDHOOD ED INIT
    201 E JACKSON ST STE 400
    MUNCIE,IN47305     		N/A SO I SUPPORT FOR YEAR 3 75,000
    DELAWARE COUNTY HISTORICAL SOCIETY
    120 E WASHINGTON ST
    MUNCIE,IN47305     		N/A PC EXECUTIVE DIRECTOR/ OPERATIONS 57,000
    HOOSIER ENVIRONMENTAL COUNCIL
    3951 N MERIDIAN ST 100
    INDIANAPOLIS,IN46208     		N/A PC IMPACT STUDY - MOUNDS GREENWAY 125,000
    INDIANA STATE MUSEUM
    650 W WASHINGTON ST
    INDIANAPOLIS,IN46204     		N/A PC LINCOLN CABIN PROJECT 62,500
    INDIANA YOUTH INSTITUTE
    603 E WASHINGTON STE 800
    INDIANAPOLIS,IN46204     		N/A SO I OVERALL MISSION SUPPORT 15,000
    JAY COUNTY HISTORICAL SOCIETY
    903 E MAIN ST
    PORTLAND,IN47371     		N/A PC MUSEUM ADDITION 10,000
    MUNCIE CHILDRENS MUSEUM
    515 S HIGH ST
    MUNCIE,IN47305     		N/A PC HALLWAY RENOVATIONS/RENT SUPPORT 145,000
    MUNCIE COMMUNITY SCHOOLS
    1900 E CENTENNIAL AVE
    MUNCIE,IN47303     		N/A PC LONGFELLOW AFTER SCHOOL PROGRAM 24,600
    NATURE CONSERVANCY IN INDIANA
    620 E OHIO ST
    INDIANAPOLIS,IN46202     		N/A PC EDUCATIONAL WEB-PLATFORM 100,000
    TEEN WORKS
    PO BOX 40177
    INDIANAPOLIS,IN46240     		N/A SO I PROGRAM MATERIALS FOR MUNCIE TEENS 5,000
    Total .................................bullet 3a 4,863,000
    bApproved for future payment
    DELAWARE ADVANCEMENT CORP
    PO BOX 842
    MUNCIE,IN47308     		N/A PC VISION 2016 60,000
    BALL STATE UNIVERSITY FOUNDATION
    PO BOX 672
    MUNCIE,IN47306     		N/A PC ATHLETIC CAMPAIGN CARDINAL COMMITMENT 1,851,095
    BOY SCOUTS OF AMERICA-CROSSROADS COUNCIL
    7125 FALL CREEK RD N
    INDIANAPOLIS,IN46256     		N/A PC MENTORING, OUTDOOR LEARNING, STEM 35,000
    DELAWARE COUNTY HISTORICAL SOCIETY
    120 E WASHINGTON
    MUNCIE,IN47305     		N/A PC MATCHING GRANT 40,000
    INDIANA STATE MUSEUM
    65 W WASHINGTON ST
    INDIANAPOLIS,IN46204     		N/A PC LINCOLN CABIN 62,500
    MUNCIE CHILDRENS MUSUEM
    515 S HIGH ST
    MUNCIE,IN47305     		N/A PC RENT SUPPORT 105,000
    MUNCIE CIVIC THEATRE
    216 E MAIN ST
    MUNCIE,IN47305     		N/A PC CAPITAL CAMPAIGN PRESERVING FUTURE 375,000
    Total .................................bullet 3b 2,528,595
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		    14 521  
    4 Dividends and interest from securities....     14 2,272,785  
    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 3,594,427  
    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)..   5,867,733  
    13Total. Add line 12, columns (b), (d), and (e)..................
    135,867,733
    (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: 15000324
    Software Version: 2015v2.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    GEORGE AND FRANCES BALL FOUNDATION
    EIN:
    35-6033917
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BALL ASSOCIATES 57,123 57,123 0 0

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    GEORGE AND FRANCES BALL FOUNDATION
    EIN:
    35-6033917
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    117,384 PAR FEDERAL HOME LOAN MTG 8-17    
    30,235 PAR FED NATL MTG ASN PTP 6-18 16,685 17,175
    500000 LOWES COMPANIES 10-15    
    250,000 PRAXAIR 9-15    
    FEDERATED TOTAL RETURN BOND 1,596,708 1,537,149
    WAL-MART STORES 2-19 253,884 267,718
    BECTON DICKINSON 3.25% 11-20 241,794 253,473
    ROYAL BANK OF CANADA 1-22 200,000 200,000
    COLUMBIA HIGH YIELD BOND 2,000,000 1,861,257
    VANGUARD TOTAL BOND MKT INDEX ETF 1,238,857 1,211,400
    VANGUARD SHORT TERM INVEST ADMIRAL 2,226,028 2,196,545
    TOYOTA MOTOR CREDIT MTN 1-16 250,418 250,072
    MEDTRONIC SR NOTES 4-18 247,500 248,660
    ORACLE CORP NOTES 1-19 249,055 253,860
    EMC 2.65% 6-20 296,550 266,463
    TEXAS INSTRUMENTS 8-19 244,954 247,472
    CHEVRON CORP 6-20 251,200 250,252
    ALLERGEN INC 9-20    
    WAL-MART STORES 10-20 252,690 263,465
    DISCOVER BANK CD 9-18 250,000 251,288
    PUBLIC STORAGE PREF SER X 5.2% 150,000 150,900
    JOHNSON & JOHNSON 3.55% 5-21 264,955 266,517
    PEPSICO INC 3.0% 8-21 250,248 257,630
    JM SMUCKER CO 3.5% 10-21 255,251 257,215
    UNITED TECHNOLOGIES 3.1% 6-22 297,372 305,325
    SHELL INTL FINANCE NOTES 2.375% 8-22 238,969 239,432
    INTEL CORP 2.7% 12-22 243,077 247,332
    COCA COLA 3.2% 11-23 248,858 258,670
    VANGUARD TOTAL BOND MKT FD 584 1,635,269 1,609,960
    XILINX INC SR NOTES 3.0% 3-21 253,375 250,640
    APPLE INC GLOBAL SR NOTES 2.15% 2-22 248,437 242,657
    NOVARTIS CAPITAL 2.4% 9-22 250,125 246,135
    AMERICAN TOWER TRUST 3.07% 3-23 250,390 244,798
    CIT BANK CD 2.05% 9-18 250,000 251,973

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    GEORGE AND FRANCES BALL FOUNDATION
    EIN:
    35-6033917
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ACCENTURE PLC ADR 224,899 627,000
    AT&T INC 83,726 344,100
    ABBOTT LABS 170,558 404,190
    AUTOMATIC DATA PROCESSING 93,028 584,568
    BALL CORP 68,936 4,872,910
    CHEVRON CORP 172,017 476,788
    CISCO SYSTEMS 477,071 651,720
    COLGATE PALMOLIVE CO 267,917 532,960
    CONOCOPHILLIPS 132,663 326,830
    DANAHER CORP 161,134 575,856
    DU PONT EL DE NEMOURS    
    EXXON MOBIL 97,317 553,445
    FIRST MERCHANTS CORP 33,384 635,500
    HARRIS CORP DEL 320,866 608,300
    INTEL CORP    
    JP MORGAN CHASE & CO 132,527 330,150
    JOHNSON & JOHNSON 42,901 308,160
    KIMBERLY CLARK 114,871 611,040
    MICROSOFT CORPORATION 190,946 499,320
    MICROCHIP TECHNOLOGY 361,119 614,328
    ORACLE CORP 240,601 438,360
    PEPSICO INC 94,735 399,680
    T ROWE PRICE GROUP INC 242,323 550,473
    PROCTOR & GAMBLE 60,767 317,640
    SCHLUMBERGER LTD 165,932 439,425
    STRYKER CORP 256,074 501,876
    SYSCO CORP 69,964 315,700
    US BANCORP DEL 243,518 384,030
    UNITED TECHNOLOGIES 81,394 691,704
    VECTREN CORP 261,394 466,620
    VERIZON COMMUNICATIONS 182,406 392,870
    WAL-MART STORES 47,508 275,850
    ARTISAN MID CAP VALUE FUND 2,220,000 2,174,141
    NUVEEN MIDCAP GROWTH 1,900,000 2,081,421
    S&P 400 MIDCAP SPDR 848,147 1,301,955
    ISHARES RUSSELL 2000 600,084 876,747
    DODGE & COX INTERNATIONAL STOCK 1,365,000 1,191,454
    VANGUARD INTL GROWTH 2,107,700 2,092,350
    NORTHERN TR CORP 379,046 432,540
    S&P 400 MIDCAP GROWTH ISHARES 2,726,261 4,577,702
    S&P 400 MIDCAP VALUE ISHARES 2,774,075 4,182,868
    VANGUARD FTSE ALL WORLD EXUS ETF 3,458,592 3,223,844
    ALLIANT CORP 245,453 549,560
    APACHE CORP 348,941 177,880
    BAKER HUGHES INC    
    BAXTER INTERNATIONAL INC 193,920 263,235
    BECTON DICKINSON & CO 270,101 554,724
    CHUBB CORP 254,930 795,840
    DONALDSON INC 203,434 343,920
    ECOLAB INC 80,731 285,950
    MDU RES GROUP INC 317,263 311,440
    JM SMUCKER COMPANY 237,699 518,028
    3M COMPANY 243,346 451,920
    VF CORP 100,305 454,425
    S&P SMALL CAP 600 CORE 523,613 861,060
    S&P 600 SMALL CAP VALUE ISHARES 1,102,271 1,764,090
    S&P 600 SMALL CAP GROWTH ISHARES 908,044 1,735,989
    NORTHERN SMALL CAP VALUE 650,000 1,192,244
    BED BATH & BEYOND 280,142 332,925
    HCC INSURANCE HLDGS    
    FLOWERS FOOD INC    
    HENRY JACK & ASSOCIATES 293,835 679,122
    OMNICOM GROUP 359,006 529,620
    MATERIALS SECTOR SPDR 152,560 173,680
    COVIDIEN ADR    
    FRANKLIN SMALL CAP VALUE 1,030,000 1,010,817
    AMERICAN EROPACIFIC GROWTH 1,100,000 1,241,640
    MFS NEW DISCOVERY iNTL 875,000 1,069,962
    APPLE COMPUTER INC 264,464 294,728
    EMC CORPORATION 350,039 359,520
    HONEYWELL INTL INC 357,362 517,850
    NUCOR CORP 119,897 120,900
    QUALCOMM INCORPORATED 444,941 349,895
    NASDAQ BIOTECH INDEX ETF ISHARES 188,557 879,658
    VANGUARD REIT INDEX ETF 1,730,671 2,029,129
    ABBVIE INC 99,961 296,200
    AMERISOURCE-BERGEN CORP 302,060 560,034
    AMERIPRISE FINANCIAL 430,438 446,964
    DISNEY WALT COMPANY 325,908 483,368
    OCCIDENTAL PETE 319,450 236,635
    PETSMART COM    
    CONSUMER STAPLES SECTOR ETF SPDR 412,734 504,900
    GUGGENHEI EQ WGHT S&P 500 3,291,719 3,506,433
    ALERIAN MLP ETF 461,247 349,450
    OPPEN STEEL PATH MLP SEL 40 CL Y 442,816 396,023
    ALTERA CORP    
    BB & T CORP 225,540 226,860
    BROWN & BROWN INC 404,996 417,300
    EMERSON ELEC CO 216,742 167,405
    FRANKLIN RES INC 221,696 147,280
    GENUINE PARTS CO 426,647 429,450
    NATIONAL OILWELL VARCO 478,587 234,430
    PEOPLE'S UNITED FINANCIAL 225,552 242,250
    ULTA SALON COS & FRAG 290,868 555,000
    UNITED PARCEL SERVICE 195,534 192,460
    VANGUARD MIDCAP INDX ADMIRAL CLASS 1,800,000 1,935,798
    VANGUARD SMALL CAP INDX ADMIRAL CL 995,000 1,000,201
    VANGUARD REIT INDX ADMIRAL CL 1,685,000 1,889,425
    MICHAEL KORS HOLDINGS 143,443 120,180
    COSTCO COMPANIES 244,831 274,550
    CULLEN FROST BANKERS 93,599 90,000
    FLOWSERVE CORP 52,840 42,080
    HALLIBURTON CO 138,127 119,140
    POLARIS INDS INC 323,834 197,685
    UNION PAC CORP 156,618 132,940
    XILINX INC 103,551 103,334
    MEDTRONIC INC ADR 435,678 441,213
    NOVARTIS AG SPONS ADR 117,960 103,248

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    GEORGE AND FRANCES BALL FOUNDATION
    EIN:
    35-6033917
    Software ID:
    15000324
    Software Version:
    2015v2.0
    US Government Securities - End of Year Book Value:

    884,368
    US Government Securities - End of Year Fair Market Value:

    895,459
    State & Local Government Securities - End of Year Book Value:


    5,307,963
    State & Local Government Securities - End of Year Fair Market Value:


    5,436,421


    TY 2015 LandEtcSchedule2
    Name:
    GEORGE AND FRANCES BALL FOUNDATION
    EIN:
    35-6033917
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Furniture and Fixtures 10,516 9,182 1,334 1,334


    TY 2015 OtherExpensesSchedule
    Name:
    GEORGE AND FRANCES BALL FOUNDATION
    EIN:
    35-6033917
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DUES/FEES 6,731 6,731    
    INSURANCE 4,425 4,425    
    SUPPLIES & SUNDRY 271 271    


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    GEORGE AND FRANCES BALL FOUNDATION
    EIN:
    35-6033917
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING SERVICES 8,045 8,045 0 0
    INVESTMENT FEES 279,974 279,974 0 0


    TY 2015 TaxesSchedule
    Name:
    GEORGE AND FRANCES BALL FOUNDATION
    EIN:
    35-6033917
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAXES 98,777      
    FOREIGN TAXES ON DIVIDENDS 18,995 18,995