Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
Name of foundation
MARK TORRANCE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)712 NORTH 34TH STREET SUITE 200
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SEATTLE, WA98103
A Employer identification number

91-1939909
B Telephone number (see instructions)

(206) 229-9043
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$11,703,656J 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      
4 Dividends and interest from securities... 274,766 274,766  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 625,598
b Gross sales price for all assets on line 6a 3,627,829
7 Capital gain net income (from Part IV, line 2)... 625,598
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 900,364 900,364  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 10,969 0   10,969
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 2,554 0   2,554
b Accounting fees (attach schedule)....... Click to see attachment 9,000 4,500   4,500
c Other professional fees (attach schedule).... Click to see attachment 73,084 60,263   12,821
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 16,937 887   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 18,620 0   18,620
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 4,645 0   4,645
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 135,809 65,650   54,109
25 Contributions, gifts, grants paid....... 558,033 558,033
26 Total expenses and disbursements. Add lines 24 and 25 693,842 65,650   612,142
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 206,522
b Net investment income (if negative, enter -0-) 834,714
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 32,849 65,579 65,579
2 Savings and temporary cash investments......... 255,526 175,002 175,005
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 339,871 Click to see attachment92,982 91,533
b Investments—corporate stock (attach schedule)....... 5,979,332 Click to see attachment6,386,747 7,997,918
c Investments—corporate bonds (attach schedule)....... 3,255,997 Click to see attachment3,339,964 3,297,872
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 75,920 Click to see attachment75,749 75,749
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 9,939,495 10,136,023 11,703,656
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment11,494 Click to see attachment1,500
23 Total liabilities (add lines 17 through 22)......... 11,494 1,500
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........ 9,928,001 10,134,523
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see instructions)..... 9,928,001 10,134,523
31 Total liabilities and net assets/fund balances (see instructions). 9,939,495 10,136,023
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
9,928,001
2
Enter amount from Part I, line 27a .....................
2
206,522
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
10,134,523
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
10,134,523
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 CAPITAL GAIN DISTRIBUTIONS      
b 21 SHS CHIPOTLE MEXICAN GRL   2015-01-13 2015-12-16
c 350 SHS MACYS INC   2015-02-02 2015-11-24
d 575 SHS EBAY INC   2011-07-26 2015-11-24
e 180 SHS STARBUCKS CORP   2012-09-25 2015-10-09
185 SHS BOEING CO   2008-03-18 2015-10-09
330 SHS STARBUCKS CORP   2014-06-06 2015-10-09
115 SHS STARBUCKS CORP   2012-02-06 2015-10-09
135 SHS GILEAD SCIENCES INC   2013-08-02 2015-10-09
295 SHS MARRIOTT INTL INC CLASS A   2011-03-28 2015-10-09
210 SHS HOME DEPOT INC   2010-03-15 2015-10-09
100 SHS GILEAD SCIENCES INC   2014-05-20 2015-10-09
75000 SHS UST INFL IDX 1.375%01/20 INFL INDEX DUE 01/15/20   2010-06-30 2015-10-02
60000 SHS UST INFL IDX 1.875%07/19 INFL INDEX DUE 07/15/19   2009-12-18 2015-10-02
375 SHS HESS CORPORATION   2011-01-04 2015-09-25
105 SHS HESS CORPORATION   2014-06-06 2015-09-25
520 SHS BORG WARNER INC   2014-06-25 2015-09-25
80 SHS SPDR S&P EMERGING ASIA PACIFIC ETF   2015-02-02 2015-08-18
55 SHS SPDR S&P EMERGING ASIA P ACIFIC ETF   2015-04-09 2015-08-18
310 SHS METLIFE INC   2013-02-04 2015-08-12
170 SHS DISCOVER FINANCIAL S   2011-05-13 2015-08-12
385 SHS FLUOR CORPORATION   2014-06-06 2015-08-12
38 SHS AMAZON COM INC   2014-05-20 2015-08-12
12 SHS AMAZON COM INC   2008-05-21 2015-08-12
200 SHS METLIFE INC   2009-08-05 2015-08-12
130 SHS APPLE INC   2005-09-08 2015-07-28
190 SHS PWRSHS FTSE RAFI US 1500 SML MID ETF   2015-01-08 2015-07-21
120 SHS ISHARES RUSSELL MID CAP VALUE ETF   2015-02-02 2015-07-21
240 SHS ISHARES RUSSELL MID CAP VALUE ETF   2015-01-08 2015-07-21
100000 SHS METLIFE INC 5%15 DUE 06/15/15   2008-07-25 2015-06-15
310 SHS MICHAEL KORS HLDGS F   2014-02-25 2015-05-12
200 SHS STRATASYS LTD F   2014-09-18 2015-05-12
0.1757 SHS GOOGLE INC CLASS C   2005-06-03 2015-05-04
100000 SHS UNITED TECHNOLO 4.875XXX **MATURED**   2008-07-31 2015-05-01
150 SHS EXXON MOBIL CORPORATION   2012-10-11 2015-04-09
100 SHS EXXON MOBIL CORPORATION   2008-01-10 2015-04-09
280 SHS YAHOO INC   2014-03-25 2015-04-09
230 SHS COLGATE-PALMOLIVE CO   2013-10-17 2015-04-09
495 SHS WELLS FARGO & CO NEW   2010-04-27 2015-03-25
92 SHS ACTAVIS PLC F   2015-03-17 2015-03-25
5 SHS WELLS FARGO & CO NEW   2011-03-14 2015-03-25
63 SHS ACTAVIS PLC F   2013-10-01 2015-03-25
0.075 SHS ACTAVIS PLC F   2015-03-17 2015-03-18
115 SHS ALLERGAN INC XXX CASH/STOCK MERGER EFF 03/17/15   2012-03-14 2015-03-17
135 SHS ALLERGAN INC XXX CASH/ST OCK MERGER EFF 03/17/15   2012-09-25 2015-03-17
5700 SHS AB SVENSK EXPORT ETN COMMODITY INDEX TOTAL RETURN   2015-02-06 2015-03-16
800 SHS BARCLAYS BANK IPATH ETN BLOOMBERG COMMODITY   2015-02-06 2015-03-16
410 SHS TRW AUTOMOTIVE HOLDINGS   2014-02-25 2015-03-02
100000 SHS US TREASUR NT 4%02XXX **MATURED**   2007-07-11 2015-02-15
375 SHS NATIONAL OILWELL VARCO   2008-01-14 2015-02-02
245 SHS ECOLAB INC   2003-12-22 2015-02-02
385 SHS GENERAL ELECTRIC COMPANY   2011-11-23 2015-02-02
295 SHS UNITED TECHNOLOGIES CORP   2006-08-14 2015-02-02
1015 SHS GENERAL ELECTRIC COMPANY   2009-04-27 2015-02-02
245 SHS AMERICAN TOWER CORP REIT   2009-10-09 2015-02-02
220 SHS CELGENE CORP   2013-01-15 2015-02-02
490 SHS FIDELITY NATL INFO SVCS   2009-08-05 2015-02-02
0.98 SHS MEDTRONIC PLC F   2015-01-27 2015-01-28
455 SHS COVIDIEN PLC NEW XXX CASH/STOCK MERGER EFF 01/27/15   2008-07-28 2015-01-27
23 SHS THE PRICELINE GROUP   2011-08-25 2015-01-13
311 SHS UNION PACIFIC CORP   2011-02-03 2015-01-13
65 SHS COSTCO WHSL CORP NEW   2003-12-22 2015-01-13
345 SHS PRAXAIR INC   2003-12-22 2015-01-13
900 SHS PFIZER INCORPORATED   2010-01-22 2015-01-08
345 SHS APPLE INC   2005-09-08 2015-01-08
250 SHS THERMO FISHER SCIENTIFIC   2009-05-19 2015-01-08
160 SHS ACTAVIS PLC F   2013-10-01 2015-01-08
525 SHS DISCOVER FINANCIAL SVCS   2011-05-13 2015-01-08
350 SHS QUALCOMM INC   2006-08-01 2015-01-08
15 SHS VISA INC CL A CLASS A   2012-12-03 2015-01-08
72 SHS VISA INC CL A CLASS A   2012-05-23 2015-01-08
23 SHS VISA INC CL A CLASS A   2012-02-16 2015-01-08
225 SHS COSTCO WHSL CORP NEW   2003-12-22 2015-01-08
540 SHS COGNIZANT TECH SOL CL A   2006-01-03 2015-01-08
1235 SHS VANGUARD TOTAL BOND MARKET ETF   2014-12-26 2015-12-14
1000 SHS ISHARES SHORT MATURITY BOND ETF   2014-12-12 2015-10-08
1108 SHS ISHARES SHORT MATURITY BOND ETF   2014-12-12 2015-07-09
91 SHS ISHARES SHORT MATURITY B OND ETF   2014-12-12 2015-07-09
200 SHS ISHARES SHORT MATURITY BOND ETF   2014-12-12 2015-05-13
300 SHS ISHARES SHORT MATURITY BOND ETF   2014-12-12 2015-05-13
1000 SHS ISHARES SHORT MATURITY BOND ETF   2014-12-12 2015-05-13
999 SHS ISHARES ETF SHORT MATURITY BOND   2014-12-12 2015-01-08
U.S. TRUST PUBLICLY TRADED SECURITIES      
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 1,329     1,329
b 11,741   15,086 -3,345
c 13,891   22,268 -8,377
d 16,648   7,746 8,902
e 10,726   4,638 6,088
25,701   14,106 11,595
19,665   12,414 7,251
6,853   2,775 4,078
13,571   8,304 5,267
22,396   9,959 12,437
25,438   6,833 18,605
10,053   8,210 1,843
87,451   77,584 9,867
71,970   64,152 7,818
18,810   29,035 -10,225
5,267   9,794 -4,527
20,694   33,317 -12,623
6,221   6,822 -601
4,277   5,182 -905
16,528   11,637 4,891
9,345   4,119 5,226
18,582   30,350 -11,768
19,841   11,517 8,324
6,266   958 5,308
10,663   7,332 3,331
15,974   927 15,047
19,436   18,830 606
8,797   8,681 116
17,594   17,666 -72
100,000   100,000 0
19,248   31,116 -11,868
6,975   25,795 -18,820
98   25 73
100,000   99,797 203
12,610   13,735 -1,125
8,407   9,019 -612
12,881   10,236 2,645
15,961   14,443 1,518
27,238   16,206 11,032
28,099   28,060 39
275   160 115
19,242   9,072 10,170
23   23 0
27,778   10,742 17,036
32,609   12,433 20,176
32,624   35,172 -2,548
21,929   23,416 -1,487
42,742   33,502 9,240
100,000   100,000 0
20,686   24,401 -3,715
25,248   6,735 18,513
9,252   5,711 3,541
34,030   17,939 16,091
24,392   12,295 12,097
23,514   8,975 14,539
25,785   10,840 14,945
30,245   11,948 18,297
72   75 -3
49,483   20,464 29,019
24,072   11,163 12,909
35,173   14,624 20,549
9,231   2,380 6,851
43,382   12,965 30,417
29,326   17,249 12,077
38,617   2,461 36,156
32,593   8,902 23,691
43,078   23,040 20,038
33,817   12,719 21,098
26,290   12,028 14,262
3,967   2,250 1,717
19,040   8,515 10,525
6,082   2,625 3,457
32,751   8,237 24,514
29,070   6,810 22,260
100,048   101,442 -1,394
50,010   50,090 -80
55,479   55,499 -20
4,557   4,559 -2
10,021   10,020 1
15,031   15,031 0
50,111   50,102 9
50,030   50,052 -22
1,498,879   1,376,891 121,988
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       1,329
b       -3,345
c       -8,377
d       8,902
e       6,088
      11,595
      7,251
      4,078
      5,267
      12,437
      18,605
      1,843
      9,867
      7,818
      -10,225
      -4,527
      -12,623
      -601
      -905
      4,891
      5,226
      -11,768
      8,324
      5,308
      3,331
      15,047
      606
      116
      -72
      0
      -11,868
      -18,820
      73
      203
      -1,125
      -612
      2,645
      1,518
      11,032
      39
      115
      10,170
      0
      17,036
      20,176
      -2,548
      -1,487
      9,240
      0
      -3,715
      18,513
      3,541
      16,091
      12,097
      14,539
      14,945
      18,297
      -3
      29,019
      12,909
      20,549
      6,851
      30,417
      12,077
      36,156
      23,691
      20,038
      21,098
      14,262
      1,717
      10,525
      3,457
      24,514
      22,260
      -1,394
      -80
      -20
      -2
      1
      0
      9
      -22
      121,988
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 2 625,598
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)
If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2014 579,752 12,020,728 0.048229
2013 531,703 11,322,082 0.046962
2012 516,582 10,780,903 0.047916
2011 388,426 10,783,985 0.036019
2010 629,542 10,463,289 0.060167
2
Total of line 1, column (d) .....................
20.239293
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
0.047859
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
11,996,988
5
Multiply line 4 by line 3......................
5
574,164
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
8,347
7
Add lines 5 and 6........................
7
582,511
8
Enter qualifying distributions from Part XII, line 4.............
8
612,142
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 8,347
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 8,347
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 8,347
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 16,167
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 16,167
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 7,820
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet7,820 RefundedBullet 11 0
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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletWA
    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 ofbulletDANIEL HAGEDORN Telephone no.bullet (206) 229-9043

    Located atbullet712 NORTH 34TH STREET SUITE 200SEATTLEWA ZIP+4bullet98103
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    MARK TORRANCE PRESIDENT, DIRECTOR
    0.00     		0 0 0
    712 NORTH 34TH STREET SUITE 200
    SEATTLE,WA98103
    DANA BASS SOLOMON DIRECTOR
    0.00     		0 0 0
    712 NORTH 34TH STREET SUITE 200
    SEATTLE,WA98103
    CHRIS BIRKELAND DIRECTOR
    0.00     		0 0 0
    712 NORTH 34TH STREET SUITE 200
    SEATTLE,WA98103
    MICHAEL MATHIEU DIRECTOR
    0.00     		0 0 0
    712 NORTH 34TH STREET SUITE 200
    SEATTLE,WA98103
    PAUL OKNER DIRECTOR
    0.00     		0 0 0
    712 NORTH 34TH STREET SUITE 200
    SEATTLE,WA98103
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    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
    12,114,139
    b
    Average of monthly cash balances.......................
    1b
    65,544
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    12,179,683
    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
    0
    3
    Subtract line 2 from line 1d.........................
    3
    12,179,683
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    182,695
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    11,996,988
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    599,849
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    599,849
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    8,347
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    8,347
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    591,502
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    591,502
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    591,502
    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
    612,142
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    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
    612,142
    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
    8,347
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    603,795
    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 7 591,502
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 531,299
    b Total for prior years:20, 20, 20 0
    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........ 0
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 612,142
    a Applied to 2014, but not more than line 2a 531,299
    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..... 80,843
    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 ..........     		510,659
    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....  
    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).)
    MARK TORRANCE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AGROS INTERNATIONAL
    2225 4TH AVE 2ND FLOOR
    SEATTLE,WA98121     		  PUBLIC CHARITY PROGRAM SUPPORT - SOCIAL SERVICES 500
    BEECHER'S FLAGSHIP FOUNDATION
    104 PIKE STREET STE 200
    SEATTLE,WA98101     		  PUBLIC CHARITY PROGRAM SUPPORT - SOCIAL SERVICES 10,000
    CRISI CLINIC
    9725 3RD AVE NE STE 300
    SEATTLE,WA98115     		  PUBLIC CHARITY PROGRAM SUPPORT - SOCIAL SERVICES 5,000
    CYSTIC FIBROSIS FOUNDATION
    520 PIKE ST STE 1075
    SEATTLE,WA98101     		  PUBLIC CHARITY PROGRAM SUPPORT - SOCIAL SERVICES 5,000
    DONORS CHOOSE
    134 W 37TH ST 11TH FL
    NEW YORK,NY10018     		  PUBLIC CHARITY PROGRAM SUPPORT - SOCIAL SERVICES 29,700
    EASTERN CONGO INITIATIVE
    1875 CONNECTICUT AVE NW 10TH FL
    WASHINGTON DC,DC20009     		  PUBLIC CHARITY PROGRAM SUPPORT - SOCIAL SERVICES 5,000
    EVERGREEN SCHOOL
    15201 MERIDIAN AVE N
    SHORELINE,WA98133     		  PUBLIC CHARITY PROGRAM SUPPORT - SOCIAL SERVICES 33,333
    FOOD LIFELINE
    1702 NE 150TH ST
    SHORELINE,WA98155     		  PUBLIC CHARITY PROGRAM SUPPORT - SOCIAL SERVICES 10,000
    FOREFRONTUW FOUNDATION
    4101 15TH AVE NE BOX 354900
    SEATTLE,WA981954900     		  PUBLIC CHARITY PROGRAM SUPPORT - SOCIAL SERVICES 55,000
    FUSE INNOVATION FUND
    1403 THIRD AVE STE 510
    SEATTLE,WA98101     		  PUBLIC CHARITY PROGRAM SUPPORT - SOCIAL SERVICES 25,000
    GREEN PLATE SPECIAL
    4540 45TH AVE NE
    SEATTLE,WA98105     		  PUBLIC CHARITY PROGRAM SUPPORT - SOCIAL SERVICES 20,000
    IMPACT ASSETS
    7315 WISCONSIN AVE STE 110W
    BETHESDA,MD20814     		  PUBLIC CHARITY PROGRAM SUPPORT - SOCIAL SERVICES 30,000
    KING COUNTY BAR FOUNDATION
    1200 FIFTH AVENUE STE 600
    SEATTLE,WA98101     		  PUBLIC CHARITY PROGRAM SUPPORT - SOCIAL SERVICES 10,000
    KUOW
    4518 UNIVERSITY WAY NE
    SEATTLE,WA98105     		  PUBLIC CHARITY PROGRAM SUPPORT - SOCIAL SERVICES 5,000
    NORTHWEST CHILDREN'S FUND
    2100 24TH AVE S STE 320
    SEATTLE,WA98144     		  PUBLIC CHARITY PROGRAM SUPPORT - SOCIAL SERVICES 10,000
    NORTHWEST YOUTH SERVICES
    1020 NORTH STATE ST
    BELLINGHAM,WA98225     		  PUBLIC CHARITY PROGRAM SUPPORT - SOCIAL SERVICES 5,000
    PEDIATRIC INTERIM CARE CENTER
    328 4TH AVE S
    KENT,WA98032     		  PUBLIC CHARITY PROGRAM SUPPORT - SOCIAL SERVICES 5,000
    PUAKO COMMUNITY ASSOCIATION
    PO BOX 44345
    KAWAIHAE,HI96743     		  PUBLIC CHARITY PROGRAM SUPPORT - SOCIAL SERVICES 5,000
    SEATTLE CHILDREN'S HOME
    2142 10TH AVE WEST
    SEATTLE,WA981192889     		  PUBLIC CHARITY PROGRAM SUPPORT - SOCIAL SERVICES 500
    SIGHTLINE INSTITUTE
    1402 3RD AVE 500
    SEATTLE,WA98101     		  PUBLIC CHARITY PROGRAM SUPPORT - SOCIAL SERVICES 10,000
    SUMMER SEARCH SEATTLE
    500 SANSOME ST
    SAN FRANCISCO,CA94111     		  PUBLIC CHARITY PROGRAM SUPPORT - SOCIAL SERVICES 5,000
    TIDES FOUNDATION
    PO BOX 29903
    SAN FRANCISCO,CA94129     		  PUBLIC CHARITY PROGRAM SUPPORT - SOCIAL SERVICES 75,000
    TREEHOUSE FUND INC
    2100 24TH AVE S 220
    SEATTLE,WA98144     		  PUBLIC CHARITY PROGRAM SUPPORT - SOCIAL SERVICES 5,000
    UNITED REPUBLIC EDUCATION FUND
    296 NONOTUCK STREET
    FLORENCE,MA01062     		  PUBLIC CHARITY PROGRAM SUPPORT - SOCIAL SERVICES 125,000
    WASHINGTON GREEN SCHOOLS
    4647 SUNNYSIDE AVE N STE 103
    SEATTLE,WA98103     		  PUBLIC CHARITY PROGRAM SUPPORT - SOCIAL SERVICES 5,000
    WASHINGTON PROGRESS FUND
    1402 3RD AVE STE 201
    SEATTLE,WA98101     		  PUBLIC CHARITY PROGRAM SUPPORT - SOCIAL SERVICES 30,000
    WHIDBEY ISLAND NOURISHES
    2382 SOUNDVIEW DR
    LANGLEY,WA98260     		  PUBLIC CHARITY PROGRAM SUPPORT - SOCIAL SERVICES 34,000
    Total .................................bullet 3a 558,033
    bApproved for future payment
    Total .................................bullet 3b 0
    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 ...........     		         
    4 Dividends and interest from securities....     14 274,766  
    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 ............     		    18 625,598  
    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).. 0 900,364 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13900,364
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    MARK TORRANCE FOUNDATION
    EIN:
    91-1939909
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 9,000 4,500   4,500

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    MARK TORRANCE FOUNDATION
    EIN:
    91-1939909
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 3,339,964 3,297,872

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    MARK TORRANCE FOUNDATION
    EIN:
    91-1939909
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCK 6,386,747 7,997,918

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    MARK TORRANCE FOUNDATION
    EIN:
    91-1939909
    US Government Securities - End of Year Book Value:

    92,982
    US Government Securities - End of Year Fair Market Value:

    91,533
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2015 InvestmentsOtherSchedule2
    Name:
    MARK TORRANCE FOUNDATION
    EIN:
    91-1939909
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    OTHER INVESTMENTS AT COST 75,749 75,749

    TY 2015 LegalFeesSchedule
    Name:
    MARK TORRANCE FOUNDATION
    EIN:
    91-1939909
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 2,554 0   2,554


    TY 2015 OtherExpensesSchedule
    Name:
    MARK TORRANCE FOUNDATION
    EIN:
    91-1939909
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LICENSE & PERMITS 25 0   25
    WEBSITE 4,620 0   4,620


    TY 2015 OtherLiabilitiesSchedule
    Name:
    MARK TORRANCE FOUNDATION
    EIN:
    91-1939909
    Description Beginning of Year - Book Value End of Year - Book Value
    UNCLEARED CHECKS 10,250 0
    PAYROLL LIABILITIES 1,244 1,500


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    MARK TORRANCE FOUNDATION
    EIN:
    91-1939909
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 60,263 60,263   0
    CONSULTING 12,821 0   12,821


    TY 2015 TaxesSchedule
    Name:
    MARK TORRANCE FOUNDATION
    EIN:
    91-1939909
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 887 887   0
    EXCISE TAXES 16,050 0   0