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
BISHOP FLEET FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1420 FIFTH AVENUE SUITE 3200
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SEATTLE, WA981012349
A Employer identification number

91-6031057
B Telephone number (see instructions)

(206) 971-4130
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$2,185,075J 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 11 11  
4 Dividends and interest from securities... 54,364 54,364  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 90,044
b Gross sales price for all assets on line 6a 569,445
7 Capital gain net income (from Part IV, line 2)... 90,044
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........ 144,419 144,419  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 6,400 960   5,440
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,850 2,425   2,425
c Other professional fees (attach schedule).... Click to see attachment 16,830 16,830   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,540 540   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 94 47   47
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 2,133 1,021   1,112
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 31,847 21,823   9,024
25 Contributions, gifts, grants paid....... 128,500 128,500
26 Total expenses and disbursements. Add lines 24 and 25 160,347 21,823   137,524
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -15,928
b Net investment income (if negative, enter -0-) 122,596
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 79,452 44,276 44,276
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) 101,289 Click to see attachment101,289 107,683
b Investments—corporate stock (attach schedule)....... 1,062,000 Click to see attachment1,009,021 1,426,670
c Investments—corporate bonds (attach schedule)....... 523,821 Click to see attachment595,431 599,507
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment6,635 Click to see attachment6,939 Click to see attachment6,939
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,773,197 1,756,956 2,185,075
Liabilities 17 Accounts payable and accrued expenses.......... 313  
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 313 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 1,772,884 1,756,956
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)..... 1,772,884 1,756,956
31 Total liabilities and net assets/fund balances (see instructions). 1,773,197 1,756,956
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
1,772,884
2
Enter amount from Part I, line 27a .....................
2
-15,928
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
1,756,956
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
1,756,956
Form 990-PF (2015)
Form 990-PF (2015)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITITES      
b CAPITAL GAINS DIVIDENDS P    
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 568,709   479,401 89,308
b 736     736
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       89,308
b       736
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 90,044
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 144,222 2,377,035 0.060673
2013 109,856 2,279,267 0.048198
2012 110,275 2,186,901 0.050425
2011 94,193 2,228,286 0.042272
2010 88,950 2,105,684 0.042243
2
Total of line 1, column (d) .....................
20.243811
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
0.048762
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
2,291,022
5
Multiply line 4 by line 3......................
5
111,715
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,226
7
Add lines 5 and 6........................
7
112,941
8
Enter qualifying distributions from Part XII, line 4.............
8
137,524
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 1,226
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 1,226
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 1,226
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 2,737
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 2,737
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,511
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet1,511 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 - NONE
    14
    The books are in care ofbulletTHE FOUNDATION Telephone no.bullet (206) 971-4130

    Located atbullet1420 FIFTH AVENUE SUITE 3200SEATTLEWA ZIP+4bullet981012349
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
    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
     
     
    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
    CHRISTIAN W BIRKELAND PRESIDENT & TRUSTEE
    1.00     		1,600 0 0
    1420 FIFTH AVENUE SUITE 3200
    SEATTLE,WA98101
    JAMES R CALLAGHAN PRESIDENT EMERITUS & TRUST
    0.50     		1,600 0 0
    1420 FIFTH AVENUE SUITE 3200
    SEATTLE,WA98101
    C LEIGH CALLAGHAN VICE PRESIDENT, TREASURER
    0.50     		1,600 0 0
    1420 FIFTH AVENUE SUITE 3200
    SEATTLE,WA98101
    KEVIN CAHOON SECRETARY & TRUSTEE
    0.50     		1,600 0 0
    1420 FIFTH AVENUE SUITE 3200
    SEATTLE,WA98101
    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
    2,201,634
    b
    Average of monthly cash balances.......................
    1b
    117,338
    c
    Fair market value of all other assets (see instructions)................
    1c
    6,939
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,325,911
    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
    2,325,911
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    34,889
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,291,022
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    114,551
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    114,551
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    1,226
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,226
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    113,325
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    113,325
    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
    113,325
    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
    137,524
    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
    137,524
    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
    1,226
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    136,298
    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 7 113,325
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 69,382
    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$ 137,524
    a Applied to 2014, but not more than line 2a 69,382
    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..... 68,142
    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 ..........     		45,183
    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).)
    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:
    BISHOP FLEET FOUNDATION
    1420 FIFTH AVENUE SUITE 3200
    SEATTLE,WA98101
    (206) 971-4130
    BISHOPFLEETFOUNDATION@GMAIL.COM
    bThe form in which applications should be submitted and information and materials they should include:
    SCHOLARSHIP APPLICATION FORM
    cAny submission deadlines:
    MAY 1 FOR GRANTS FOR THE FOLLOWING ACADEMIC YEAR
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    LIMITED TO STUDENTS ENROLLED IN A FOUR-YEAR ACADEMIC PROGRAM LEADING TO A DEGREE. SCHOLARSHIP IS LIMITED TO $2,500 PER STUDENT PER ACADEMIC YEAR.
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    BISHOP FLEET FOUNDATION
    1420 FIFTH AVENUE SUITE 3200
    SEATTLE,WA98101
    (206) 971-4130
    BISHOPFLEETFOUNDATION@GMAIL.COM
    bThe form in which applications should be submitted and information and materials they should include:
    NO PARTICULAR FORM
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ALZHEIMER'S ASSOCIATION OF THE NORTHWEST
    100 W HARRISON STREET 200
    SEATTLE,WA98119     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    ARTHRITIS FOUNDATION WASHINGTON STATE CHAPTER
    115 NE 100TH STREET 350
    SEATTLE,WA98125     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    BAYLOR UNIVERSITY
    ONE BEAR PLACE 97048
    WACO,TX76798     		NONE PUBLIC CHARITY SCHOLARSHIP GRANT 2,500
    BELLEVUE COLLEGE
    3000 LANDERHOLM CIRCLE SE B126
    BELLEVUE,WA980076484     		NONE PUBLIC CHARITY SCHOLARSHIP GRANT 5,000
    BENAROYA RESEARCH FOUNDATION
    1201 NINTH AVENUE
    SEATTLE,WA981012795     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    BIG BROTHERS & BIG SISTERS
    1600 S GRAHAM STREET
    SEATTLE,WA98108     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    BOYS AND GIRLS CLUBS OF KING COUNTY
    603 STEWART STREET 300
    SEATTLE,WA98101     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    CALIFORNIA POLYTECHNIC STATE UNIVERSITY
    CALIFORNIA POLYTECHNIC STATE
    UNIVERSITY
    SAN LUIS OBISPO,CA93407     		NONE PUBLIC CHARITY SCHOLARSHIP GRANT 2,500
    CAMP FIRE CENTRAL PUGET SOUND
    2414 SW ANDOVER STREET D-105
    SEATTLE,WA98106     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    CHILDREN'S HOME SOCIETY OF WASHINGTON
    PO BOX 15190
    SEATTLE,WA981159959     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    CITY OF MONTESANO
    112 MAIN STREET N
    MONTESANO,WA98563     		N/A - NONE GOVERNMENT ENTITY GENERAL SUPPORT 1,000
    COLORADO STATE UNIVERSITY
    1065 CAMPUS DELIVERY
    FORT COLLINS,CO80523     		NONE PUBLIC CHARITY SCHOLARSHIP GRANT 2,500
    COMMUNITY FOR YOUTH
    999 THIRD AVENUE 1080
    SEATTLE,WA98104     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    COMMUNITY HOMES
    PO BOX 1240
    BELLEVUE,WA980411240     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    CONSERVATION NW
    1208 BAY STREET 201
    BELLINGHAM,WA98225     		N/A - NONE PUBLIC CHARITY LOOMIS FOREST FUND 1,000
    CYSTIC FIBROSIS FOUNDATION
    520 PIKE STREET 1075
    SEATTLE,WA981013909     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    EASTERN OREGON UNIVERSITY
    ONE UNIVERSITY BLVD
    LA GRANDE,OR97850     		NONE PUBLIC CHARITY SCHOLARSHIP GRANT 2,500
    EASTERN WASHINGTON UNIVERSITY
    102 SUTTON HALL
    CHENEY,WA99004     		NONE PUBLIC CHARITY SCHOLARSHIP GRANT 7,500
    EXPERIMENTAL EDUCATION UNIT
    PO BOX 357925
    SEATTLE,WA98195     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    FORGOTTEN CHILDREN'S FUND
    PO BOX 9936
    SEATTLE,WA98109     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    FRED HUTCHINSON CANCER RESEARCH FOUNDATION
    1100 FAIRVIEW AVENUE N PO BOX 19024
    SEATTLE,WA981091024     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    GEORGE FOX UNIVERSITY
    414 N MERIDAN STREET 6068
    NEWBERG,OR97132     		NONE PUBLIC CHARITY SCHOLARSHIP GRANT 2,500
    KCTS TELEVISION
    401 MERCER STREET
    SEATTLE,WA98109     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    KUOW RADIO 949
    4518 UNIVERSITY WAY NE 310
    SEATTLE,WA981054535     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    LIFELONG AIDS ALLIANCE
    PO BOX 80547
    SEATTLE,WA98108     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    LUEKEMIA & LYMPHOMA SOCIETY
    123 NW 36TH STREET 100
    SEATTLE,WA98107     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    MAKE A WISH FOUNDATION
    811 FIRST AVENUE 520
    SEATTLE,WA98104     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    MASSACHUSETTS INSTITUTE OF TECHNOLOGY
    77 MASSACHUSETTS AVENUE 11-320
    CAMBRIDGE,MA02139     		NONE PUBLIC CHARITY SCHOLARSHIP GRANT 2,500
    MIDDLEBURY COLLEGE
    84 SOUTH SERVICE ROAD
    MIDDLEBURY,VT05753     		NONE PUBLIC CHARITY SCHOLARSHIP GRANT 2,500
    MUSEUM OF FLIGHT
    9404 E MARGINAL WAY S
    SEATTLE,WA98108     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    NATIONAL MULTIPLE SCLEROSIS SOCIETY - NW CHAPTER
    192 NICKERSON STREET 100
    SEATTLE,WA98109     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 3,500
    NORTHWEST HARVEST
    PO BOX 12272
    SEATTLE,WA98102     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 4,000
    NORTHWEST SCHOOL FOR DEAF AND HARD-OF-HEARING CHILDREN
    PO BOX 33666
    SHORELINE,WA98103     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    PACIFIC SCIENCE CENTER
    200 SECOND AVENUE N
    SEATTLE,WA980194895     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    PLANNED PARENTHOOD OF SEATTLE-KING COUNTY
    2001 E MADISON
    SEATTLE,WA98122     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    RECOVERY CAFE
    2022 BOREN AVENUE
    SEATTLE,WA98121     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    RONALD MCDONALD HOUSE SEATTLE
    5130 40TH AVENUE NE
    SEATTLE,WA98105     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    RYTHER FOUNDATION
    2400 NE 95TH STREET
    SEATTLE,WA98115     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    SAN DIEGO MESA COLLEGE
    3375 CAMINO DEL RIO S
    SAN DIEGO,CA92111     		NONE PUBLIC CHARITY SCHOLARSHIP GRANT 2,500
    SEATTLE CHILDREN'S HOME
    2142 TENTH AVENUE W
    SEATTLE,WA98119     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    SEATTLE CHILDREN'S HOSPITAL AND RESEARCH FOUNDATION
    PO BOX 5571 MAIL STOP S200
    SEATTLE,WA981455005     		N/A - NONE PUBLIC CHARITY AUTISM CENTER 1,000
    SEATTLE CHILDREN'S HOSPITAL AND RESEARCH FOUNDATION
    PO BOX 5571 MAIL STOP S200
    SEATTLE,WA981455005     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    SEATTLE GOODWILL
    700 DEARBORN PLACE S
    SEATTLE,WA98134     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    SOULUMINATION
    1113 NW 52ND STREET A
    SEATTLE,WA98107     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    SWEDISH MEDICAL CENTER FOUNDATION
    747 BROADWAY
    SEATTLE,WA981224307     		N/A - NONE PUBLIC CHARITY RIVKIN OVARIAN CANCER RESEARCH 2,000
    THE FRIENDSHIP CIRCLE
    2737 77TH AVENUE SE 101
    MERCER ISLAND,WA98040     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    THE HOPE HEART INSTITUTE
    1380 112TH AVENUE NE 200
    BELLEVUE,WA98004     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    THE MILLIONAIR CLUB CHARITY INC
    2515 WESTERN AVENUE
    SEATTLE,WA98121     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    THE SALVATION ARMY
    111 QUEEN ANNE AVENUE N
    SEATTLE,WA98109     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    TREEHOUSE FOR KIDS
    2100 24TH AVENUE S 200
    SEATTLE,WA981444612     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    UNION GOSPEL MISSION
    PO BOX 202
    SEATTLE,WA981110202     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    UNIVERSITY OF WASHINGTON
    PO BOX 24967
    SEATTLE,WA98124     		NONE PUBLIC CHARITY SCHOLARSHIP GRANT 10,000
    VILLAGE COMMUNITY SERVICES
    3210 SMOKEY POINT DRIVE 200
    ARLINGTON,WA982237805     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    WASHINGTON STATE UNIVERSITY
    342 FRENCH ADMINISTRATION BUILDING
    PO BOX 641039
    PULLMAN,WA99164     		NONE PUBLIC CHARITY SCHOLARSHIP GRANT 7,500
    WESTERN WASHINGTON UNIVERSITY
    516 HIGH STREET
    BELLINGHAM,WA98225     		NONE PUBLIC CHARITY SCHOLARSHIP GRANT 2,500
    WHITWORTH UNIVERSITY
    300 W HAWTHORNE ROAD
    SPOKANE,WA99251     		NONE PUBLIC CHARITY SCHOLARSHIP GRANT 2,500
    YMCA OF GREATER SEATTLE
    909 FOURTH AVENUE
    SEATTLE,WA981041194     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    YOUTH CARE
    2500 NE 54TH STREET 100
    SEATTLE,WA98105     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 4,000
    YWCA
    1118 FIFTH AVENUE
    SEATTLE,WA98101     		N/A - NONE PUBLIC CHARITY ANGELINE'S CENTER 1,000
    YWCA
    1118 FIFTH AVENUE
    SEATTLE,WA98101     		N/A - NONE PUBLIC CHARITY SEATTLE EMERGENCY HOUSING 2,000
    Total .................................bullet 3a 128,500
    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 ...........     		    14 11  
    4 Dividends and interest from securities....     14 54,364  
    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 90,044  
    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).. 0 144,419 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13144,419
    (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:
    BISHOP FLEET FOUNDATION
    EIN:
    91-6031057
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX RETURN PREPARATION FEES 4,850 2,425   2,425

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    BISHOP FLEET FOUNDATION
    EIN:
    91-6031057
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ANHEUSER-BUSCH INBEV 2.5% 7/15/2022 15,145 14,403
    BANK OF AMERICA 1.25% 2/14/2017 19,990 19,964
    BB&T CORPORATION 2.45% 1/15/2020 20,106 20,078
    BECTON DICKINSON & CO 5% 5/15/2019 10,530 10,804
    BERSHIRE HATHAWAY 3.4% 1/31/2022 16,134 15,728
    BLACKROCK INC 4.25% 5/24/2021 15,199 16,213
    BOEING CO 6% 3/15/2019 11,027 11,214
    BRISTOL MYERS SQUIB 2% 8/1/2022 19,408 19,409
    CATERPILLAR INC 7.9% 12/15/2018 25,253 29,232
    CISCO SYSTEMS INC 5.5% 2/22/2016 25,886 25,159
    COMCAST CORPORATION 5.15% 3/1/2020 17,219 16,748
    CONOCOPHILLIPS 5.2% 5/15/2018 19,642 21,361
    COSTCO WHOLESALE 2.25% 2/15/2022 14,503 14,722
    EMERSON ELEC CO 2.625% 2/15/2023 14,307 14,680
    EOG RESOURCES INC 5.875% 9/15/2017 23,256 21,312
    GENERAL ELECTRIC CO 2.2% 1/9/2020 15,186 15,018
    GENERAL ELECTRIC CO 5.25% 12/6/2017 10,769 10,685
    HOME DEPOT INC 2.7% 4/1/2023 14,465 14,892
    HONEYWELL INTL 5% 2/15/2019 16,777 16,431
    INTEL CORPORATION 3.3% 10/1/2021 15,253 15,533
    JOHN DEERE CAPITAL 5.35% 4/3/2018 24,838 26,995
    JP MORGAN CHASE 3.25% 9/23/2022 15,403 15,090
    MCDONALDS CORP 5% 2/1/2019 10,962 10,799
    MEDTRONIC INC 2.75% 4/1/2023 20,081 19,523
    MERCK & CO 2.4% 9/15/2022 14,139 14,663
    METLIFE INC 1.756% 12/15/2017 25,005 25,005
    OCCIDENTAL PETROLEUM 4.1% 2/1/2021 11,022 10,490
    ORACLE CORP 5.75% 4/15/2018 11,337 10,916
    PEPSICO INC 7.9% 11/1/2018 26,503 29,263
    UNITED PARCEL SERVICE 5.5% 1/15/2015 23,142 21,682
    UNITEDHEALTH GR 3.875% 10/15/2020 21,811 21,093
    US BANCORP 2.2% 11/15/2016 20,714 20,192
    WAL-MART STORES 2.55% 4/11/2023 15,079 14,774
    WELLS FARGO CO 3.5% 3/8/2022 15,340 15,436

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    BISHOP FLEET FOUNDATION
    EIN:
    91-6031057
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ALLERGAN INC 7,200 15,625
    ALPHABET INC CLASS A 2,111 11,670
    ALPHABET INC CLASS B 2,099 11,383
    AMAZON.COM INC 1,998 16,897
    AMERICAN TOWER CORP 3,674 9,695
    MAGEN INCORPORATED 4,873 4,870
    ANHEUSER-BUSCH INBEV ADR 6,172 9,375
    APPLE INC 1,250 18,420
    BERKSHIRE HATHAWAY CLASS B 9,431 15,185
    BLACKROCK INC 5,092 10,216
    BOEING CO 5,726 10,844
    CALGENE CORP 4,932 11,976
    CERNER CORP 6,735 10,530
    CHARLES SCHWAB CORP 9,117 9,879
    CHEVRON CORP 2,878 4,498
    CITIGROUP INC 9,117 10,350
    COGNIZANT TECH SOLUTIONS CORP 3,154 15,005
    COLGATE PALMOLIVE CO 7,854 8,327
    COSTCO WHOLESALE CORP 1,873 16,150
    CVS HEALTH CORPORATION 9,602 12,221
    DANAHER CORP 13,594 16,254
    DISCOVER FINANCIAL SVCS 4,860 10,724
    ECOLAB INC 1,918 14,297
    EOG RESOURCES INC 5,267 7,079
    EXPEDIA INC 6,421 9,322
    EXXON MOBIL CORP 14,488 15,590
    FACEBOOK INC 12,221 18,315
    FEDEX CORPORATION 6,851 11,174
    FIDELITY NATIONAL INFORMATION SERVICES INC 4,890 12,120
    FORD MOTOR COMPANY 5,177 5,636
    GENERAL ELECTRIC CO 5,162 13,239
    GENERAL MILLS INC 3,935 8,649
    GILEAD SCIENCES INC 8,213 12,649
    H P INC 4,178 3,256
    HALLIBURTON CO HLDG 4,608 4,255
    HEWLETT PACKARD ENTERPRISE 4,684 4,180
    HOME DEPOT INC 3,263 13,225
    HONEYWELL INTERNATIONAL 5,689 10,357
    ILLUMINA INC 4,539 4,799
    INTEL CORP 3,796 6,890
    ISHARES 3-7 YEAR TREAS BOND ETF 39,542 39,848
    ISHARES CORE MSCI EAFE 12,089 10,876
    ISHARES CORE S&P MIDCAP 35,195 66,177
    ISHARES MSCI EAFE ETF 105,914 121,844
    ISHARES MSCI PACIFIC EX JAPAN ETF 7,762 10,557
    ISHARES RUSSELL 2000 GROWTH ETF 15,683 13,928
    ISHARES RUSSELL 2000 VALUE ETF 12,602 11,492
    ISHARES RUSSELL MIDCAP GROWTH ETF 14,738 13,788
    ISHARES S&P SMALLCAP 600 GROWTH ETF 4,037 9,323
    JOHNSON & JOHNSON 8,892 15,408
    JPMORGAN CHASE & CO 8,587 13,206
    LAM RESEARCH CORPORATION 6,642 9,928
    MARRIOTT INTL INC 4,230 8,380
    MARSH & MCLENNAN COS 3,593 9,704
    MCKESSON CORPORATION 8,878 9,862
    MEDTRONIC PLC 9,693 9,615
    METLIFE INC 6,614 10,847
    MICROSOFT CORP 5,726 15,257
    MONDELEZ INTL INC 3,262 8,968
    NEXTERA ENERGY INC 5,810 10,389
    OCCIDENTAL PETROLEUM CORP 7,855 6,761
    PAYPAL HOLDING INC 4,375 6,335
    PEPSICO INC 5,168 12,490
    PFIZER INC 7,228 12,105
    POWERSHARES FTSE RAFI US 1000 PORTFOLIO 12,191 13,025
    POWERSHARES FTSE RAFI US 1500 SMALL MID ETF 5,934 11,736
    POWERSHARES S&P 500 DOWNSIDE HEDGED ETF 22,408 20,361
    POWERSHARES S&P 500 LOW VOLAT ETF 12,340 12,535
    PRICELINE.COM INC 2,428 6,375
    QUALCOMM INC 6,031 8,747
    ROPER INDUSTRIES INC 4,261 11,387
    SCHLUMBERGER LTD 4,101 6,975
    STANLEY BLACK & DECKER 7,836 8,005
    STARBUCKS CORP 8,186 19,510
    STERICYCLE INC 2,743 9,045
    TARGET CORPORATION 9,669 9,076
    THERMO FISHER SCIENTIFIC INC 3,592 14,185
    TIME WARNER INC 2,423 8,084
    U S BANCORP 6,236 10,668
    UNION PACIFIC CORP 3,537 5,865
    UNITED TECHNOLOGIES CORP 4,583 7,205
    VALERO ENERGY CORP 5,180 7,071
    VANGUARD FTSE ALL WORLD EX US SMALL CAP ETF 9,784 11,609
    VANGUARD FTSE DEVELOPED MARKETS ETF 42,605 39,474
    VANGUARD FTSE EMERGING MARKETS ETF 24,558 26,986
    VANGUARD FTSE EUROPE ETF 27,946 23,693
    VANGUARD GROWTH ETF 18,995 18,618
    VANGUARD HIGH DIVIDEND YIELD ETF 10,302 10,013
    VANGUARD ITC ETF 8,454 8,409
    VANGAURD LARGE CAP ETF 15,876 21,038
    VANGUARD SHORT TERM BOND ETF 12,100 11,935
    VANGUARD SHORT-TERM CORP BOND ETF 51,869 51,344
    VANGUARD SMALL CAP ETF 40,328 41,490
    VERIZON COMMUNICATIONS 3,190 5,778
    VF CORPORATION 4,957 9,337
    VISA INC 7,361 17,449
    W E C ENERGY GROUP 4,258 7,697
    WALGREEN BOOTS ALLIANCE 9,417 10,644
    WALT DISNEY CO 6,892 10,508
    WELLS FARGO & CO 8,204 13,590
    YAHOO INC 5,489 4,989

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    BISHOP FLEET FOUNDATION
    EIN:
    91-6031057
    US Government Securities - End of Year Book Value:

    101,289
    US Government Securities - End of Year Fair Market Value:

    107,683
    State & Local Government Securities - End of Year Book Value:


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


    0


    TY 2015 OtherAssetsSchedule
    Name:
    BISHOP FLEET FOUNDATION
    EIN:
    91-6031057
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED DIVIDENDS AND INTEREST 6,635 6,939 6,939


    TY 2015 OtherExpensesSchedule
    Name:
    BISHOP FLEET FOUNDATION
    EIN:
    91-6031057
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT EXPENSES - ADR FEES 9 9   0
    OFFICE ADMINISTRATION FEES 2,000 1,000   1,000
    OFFICE ADMINISTRATION EXPENSES 24 12   12
    STATE REGISTRATION FEES 100 0   100


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    BISHOP FLEET FOUNDATION
    EIN:
    91-6031057
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 16,830 16,830   0


    TY 2015 TaxesSchedule
    Name:
    BISHOP FLEET FOUNDATION
    EIN:
    91-6031057
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN INCOME TAXES 540 540   0
    FEDERAL EXCISE TAX 1,000 0   0