TY 2015 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

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

OMB No. 1545-0052

2015

Open to Public Inspection

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

Name of foundation
The Geoffrey and Lynne Picard Family
foundation
% Foundation Source

Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Ro
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377

A Employer identification number

77-0472664

B Telephone number (see instructions)

(800) 839-1754

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$3,994,107J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check Sch. B .............
3	Interest on savings and temporary cash investments	27		27
4	Dividends and interest from securities...	108,875		108,875
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		248,027
b	Gross sales price for all assets on line 6a 1,268,920
7	Capital gain net income (from Part IV, line 2)...			248,027
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........	356,929		356,929
13	Compensation of officers, directors, trustees, etc.	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		42,380	42,380
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		5,374	2,474
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		21,405	1,076	20,329
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	69,159		45,930	20,329
25	Contributions, gifts, grants paid.......	195,000			195,000
26	Total expenses and disbursements. Add lines 24 and 25	264,159		45,930	215,329
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	92,770
b	Net investment income (if negative, enter -0-)			310,999
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	151,121	120,415	120,415
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	136,316	95,073	107,347
	b	Investments—corporate stock (attach schedule).......	2,740,765	2,841,099	3,280,944
	c	Investments—corporate bonds (attach schedule).......	252,935	306,892	306,537
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	162,424	172,852	178,864
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	3,443,561	3,536,331	3,994,107
	17	Accounts payable and accrued expenses..........
	18	Grants payable..................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	3,443,561	3,536,331
	30	Total net assets or fund balances (see instructions).....	3,443,561	3,536,331
	31	Total liabilities and net assets/fund balances (see instructions).	3,443,561	3,536,331

Part III

Analysis of Changes in Net Assets or Fund Balances

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

3,443,561

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

92,770

Other increases not included in line 2 (itemize) bullet

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

3,536,331

Decreases not included in line 2 (itemize) bullet

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

3,536,331

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 Securities
b
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,268,920	1,020,893	248,027
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			248,027
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	248,027
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

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

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

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

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

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

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

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2014	189,783	4,153,021	0.045698
2013	146,471	3,818,038	0.038363
2012	122,449	3,418,540	0.035819
2011	107,690	3,406,339	0.031615
2010	144,350	3,145,331	0.045893

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

20.197388

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

0.039478

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

4,110,379

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

162,270

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

3,110

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

165,380

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

215,329

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

Form 990-PF (2015)

Page 4

Part VI

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	3,110
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	3,110
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	3,110
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	3,822
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	3,822
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	712
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax712	Refunded	11

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

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

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

Form 990-PF (2015)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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

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

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

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

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

Yes

Website address bullet

The books are in care of bullet

Foundation Source Telephone no. bullet

(800) 839-1754

Located at bullet

501 Silverside Road Suite 123WilmingtonDE ZIP+4 bullet

198091377

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

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

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

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

16 No

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

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If "Yes," list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2015)

Page 6

Part VII-B

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2015)

Page 7

Part VIII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
Alexandra Picard	Pres / Dir 1.0	0	0	0
Foundation Source 501 Silverside Ro Wilmington,DE198091377	Pres / Dir 1.0	0	0	0
Caroline Picard	Dir / Sec 1.0	0	0	0
Foundation Source 501 Silverside Ro Wilmington,DE198091377	Dir / Sec 1.0	0	0	0
Peter Picard	VP / Dir 1.0	0	0	0
Foundation Source 501 Silverside Ro Wilmington,DE198091377	VP / Dir 1.0	0	0	0

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










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

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

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

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2015)

Page 8

Part X

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

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

purposes:

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

3,862,441

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

142,068

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

168,465

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

4,172,974

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

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

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

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

4,172,974

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

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

62,595

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

4,110,379

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

205,519

Part XI

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

and do not complete this part.)

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

205,519

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

3,110

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

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

3,110

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

202,409

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

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

202,409

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

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

202,409

Part XII

Qualifying Distributions (see instructions)

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

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

215,329

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

215,329

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

3,110

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

212,219

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

Form 990-PF (2015)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(c) 2014	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7				202,409
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......			176,487
b Total for prior years:2013, 2012, 2011
3 Excess distributions carryover, if any, to 2015:
a From 2010......
b From 2011......
c From 2012......
d From 2013......
e From 2014......
fTotal of lines 3a through e........
4Qualifying distributions for 2015 from Part
XII, line 4: $ 215,329
a Applied to 2014, but not more than line 2a			176,487
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2015 distributable amount.....				38,842
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2015.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2014. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2016. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........				163,567
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8Excess distributions carryover from 2010 not applied on line 5 or line 7 (see instructions) ...
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......		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....	0

Form 990-PF (2015)

Page 10

Part XIV

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

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

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

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

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

Part XV

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

1Information Regarding Foundation Managers:

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

Alexandra Picard

Caroline Picard

Peter Picard

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

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

Check here bullet

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

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

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

cAny submission deadlines:

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

Form 990-PF (2015)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
AMERICAN INSTITUTE OF MUSICAL STUDIES 28 E 68TH ST KANSAS CITY,MO64113	N/A	PC	General & Unrestricted	3,500
EXPERIMENTAL SOUND STUDIO 5925 N RAVENSWOOD AVE CHICAGO,IL60660	N/A	PC	General & Unrestricted	10,000
GROTON SCHOOL 282 FARMERS ROW GROTON,MA01450	N/A	PC	General & Unrestricted	3,000
HYDE PARK ART CENTER 5020 S CORNELL AVE CHICAGO,IL60615	N/A	PC	General & Unrestricted	14,000
KENNING EDITIONS NFP 3147 W LOGAN BLVD STE 7 CHICAGO,IL60647	N/A	PC	General & Unrestricted	6,000
LINKS HALL INCORPORATED 3111 N WESTERN AVE CHICAGO,IL60618	N/A	PC	General & Unrestricted	10,000
MAKE LITERARY PRODUCTIONS NFP 2822 W DICKENS AVE 3 CHICAGO,IL60647	N/A	PC	General & Unrestricted	5,000
MISSOULA CULTURAL COUNCIL PO BOX 7662 MISSOULA,MT59807	N/A	PC	Montana Book Festival	5,000
NORTHWEST SYMPHONY ORCHESTRA PO BOX 16231 SEATTLE,WA98116	N/A	PC	General & Unrestricted	16,000
ROCKHOUSE FOUNDATION 2 CORNELIA ST PH C NEW YORK,NY10014	N/A	PC	General & Unrestricted	10,000
RUSSIAN CHILDRENS WELFARE SOCIETY INC 200 PARK AVE S STE 1508 NEW YORK,NY10003	N/A	PC	General & Unrestricted	4,000
SHOTGUN PRODUCTIONS INC 165 E 35TH ST APT 7J NEW YORK,NY10016	N/A	PC	General & Unrestricted	37,000
THE BROTHERHOOD SISTER SOL INC 512 W 143RD ST NEW YORK,NY10031	N/A	PC	General & Unrestricted	1,000
THE REBUILD FOUNDATION 6918 S DORCHESTER AVE CHICAGO,IL60637	N/A	PC	General & Unrestricted	15,000
THE URBAN ASSEMBLY INC 90 BROAD ST STE 2101 NEW YORK,NY10004	N/A	PC	The Bronx Academy of Letters	5,000
VILLA ACADEMY 5001 NE 50TH ST SEATTLE,WA98105	N/A	PC	General & Unrestricted	23,000
VILLA ACADEMY 5001 NE 50TH ST SEATTLE,WA98105	N/A	PC	Villa Capital Campaign	22,500
YOUNG CHICAGO AUTHORS 1180 N MILWAUKEE 2ND FL CHICAGO,IL60642	N/A	PC	General & Unrestricted	5,000
Total ................................. 3a				195,000

bApproved for future payment

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

Form 990-PF (2015)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........			14	27
4 Dividends and interest from securities....			14	108,875
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	248,027
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)..				356,929

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

13356,929

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2015)

Page 13

Part XVII

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2015)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

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

TY 2015 DepreciationSchedule

Name:

The Geoffrey and Lynne Picard Family

foundation

EIN:

77-0472664

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Net Investment Income	Adjusted Net Income	Cost of Goods Sold Not Included

- TIN:

TY 2015 InvestmentsCorpBondsSchedule

Name:

The Geoffrey and Lynne Picard Family

foundation

EIN:

77-0472664

Name of Bond	End of Year Book Value	End of Year Fair Market Value
21ST CENTY FOX AMER INC BND -	4,336	4,304
ABBEY NATIONAL TREASURY SERVIC	8,114	7,987
AFLAC INC - 3.625% - 11/15/202	8,146	8,118
AMGEN INC - 2.200% - 05/22/201	8,019	7,990
ANHEUSER BUSCH COS - 6.450% -	4,221	7,104
AOL TIME WARNER - 7.625% - 04/	8,287	8,660
APPLE INC NOTE - 2.400% - 05/0	8,689	8,768
AT&T INC BOND - 3.400% - 05/15	7,617	7,689
BANK AMER CORP FR - 2.000% - 0	8,009	7,990
BANK NEW YORK - 3.650% - 02/04	8,085	8,307
BARRICK NORTH AMERICA FIN LLC	8,235	7,183
BP CAP MKTS SR NT - 3.062% - 0	8,239	7,839
CAPITAL ONE FINL CORP - 6.150%	7,625	7,217
CISCO SYSTEMS INC - 5.500% - 0	8,688	8,051
CONOCPHILLIPS - 5.625% - 10/15	7,800	7,230
DEERE JOHN CAP CORP - 1.200% -	8,049	7,971
DEUTSCHE BANK AG BOND - 2.950%	8,027	8,012
ENTERPRISE OPER LLC - 2.550% -	8,195	7,670
EQUITY RESIDENTIAL PPTYS - 5.1	8,251	8,062
ETP L.P - 4.650% - 06/01/2021	8,476	7,511
GE CAP CORP SER A - 5.625% - 0	6,862	7,485
INTERNATIONAL BUSINESS MACHINE	8,220	8,419
JPMORGAN CHASE & CO MTN - 1.70	8,050	7,961
KINDER MORGAN INC - 3.020% - 1	8,167	7,404
MARATHON OIL CORP - 6.600% - 1	6,540	5,148
MCDONALDS CORP NT - 5.000% - 0	7,525	7,563
METLIFE INC - 4.368% - 09/15/2	8,642	8,589
MORGAN STANLEY SR NT-F - 3.750	8,025	8,194
NEWMONT MINING CORP NT - 3.500	7,644	8,022
ONEOK PARTNERS CONS - 6.150% -	7,505	7,186
ORACLE CORP SR GLBL NT - 2.500	7,757	7,852
PRUDENTIAL - 3.500% - 05/15/20	8,096	8,033
ROYAL BANK OF CANADA - 2.150%	8,079	7,921
STATOIL ASA - 1.150% - 05/15/2	8,000	7,868
UNITEDHEALTH GROUP INC - 5.800	6,268	8,260
VERIZON - 3.000% - 11/01/2021	7,938	8,022
VIACOM INC - 6.875% - 04/30/20	6,492	6,934
VODAFONE GROUP PLC - 6.150% -	6,967	6,908
WELLS FARGO CO - 4.600% - 04/0	7,708	7,621
XEROX - 6.350% - 05/15/2018	7,299	7,484

- TIN:

TY 2015 InvestmentsCorpStockSchedule

Name:

The Geoffrey and Lynne Picard Family

foundation

EIN:

77-0472664

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ACADIA RLTY TR	2,839	3,149
AIA GROUP LTD ADR	17,205	22,490
ALBANY MOLECULAR RESH INC	3,087	3,672
ALERE INC	6,420	6,802
ALEXANDER AND BALDWIN HOLDINGS	2,042	1,836
ALIBABA GROUP HOLDING LIMITED	57,091	56,726
ALPHABET INC CL A	11,517	31,120
ALPHABET INC CL C	23,514	46,292
AMAZON COM	29,765	57,451
AMEC FOSTER WHEELER PLC	17,597	9,216
AMER EQ INV LIFE HLD	3,010	4,662
AMER INTERNATIONAL GROUP INC	22,991	37,554
AMERICAN ASSETS TRUST INC	2,311	2,531
AMERICAN CAMPUS COMMUNITIES	2,620	2,687
AMERICAN EXPRESS CO	16,249	17,527
AMERICAN HOMES 4 RENT	1,852	1,833
AMGEN INC	6,689	18,668
AMSURG CORP	2,170	3,116
ANADARKO PETROLEUM CORP	34,819	23,804
ANALOG DEVICES INC	2,233	3,098
AON PLC	25,596	29,323
APACHE CORPORATION	7,405	5,159
APPLE INC	17,025	17,789
APPLIED MATERIALS INC	21,151	21,937
ARM HOLDINGS PLC	22,064	32,211
ASHTEAD GROUP PLC	21,718	20,935
ASML HOLDING NV NY REG SHS	24,771	22,636
ASPEN INSURANCE HLDG	6,659	8,163
AUTODESK, INC	11,267	21,935
AUTOMATIC DATA PROCESSING INC	3,887	7,032
AVALONBAY CMNTYS INC	7,995	10,127
AXALTA COATING SYSTEMS LTD	8,311	7,702
BAYER A G SPONSORED ADR	7,935	11,236
BG GROUP PLC ADS	10,184	10,483
BLACKROCK INC	25,093	29,966
BOOZ ALLEN HAMILTON HOLDING CO	11,900	13,327
BOSTON PPTYS INC	8,994	9,566
BROADRIDGE FINANCIAL	3,654	5,534
BROADSOFT INC	2,516	3,182
CACI INTL INC	7,152	8,443
CALATLANTIC GROUP, INC	5,072	5,157
CAMDEN PPTY TR	4,097	4,375
CAMECO CORPORATION	16,024	10,961
CANADIAN PACIFIC RAILWAY LTD	24,441	18,374
CAPITAL BANK FINANCIAL CORPORA	1,966	2,782
CAPITAL ONE FINANCIAL CORP	11,586	16,746
CARMAX INC	15,794	16,947
CARNIVAL CORP	21,709	31,135
CATERPILLAR INC	34,593	29,359
CERNER CORPORATION	12,596	12,696
CHARTER COMMUNICATIONS	19,393	20,141
CHATHAM LODGING TRUST	1,839	1,597
CISCO SYSTEMS INC	23,508	38,614
CITIGROUP INC	16,244	17,181
CIVITAS SOLUTIONS INC	2,939	4,578
CNO FINANCIAL GROUP INC	3,358	6,758
COCA-COLA CO	24,526	28,482
COMCAST CORP	6,111	12,753
COMPAGNIE FINANCIERE RICHEMONT	16,235	12,666
CONTL AG SPONS ADR	14,439	17,031
CREDIT SUISSE GROUP ADR	23,648	18,545
CUBESMART	3,301	4,685
CUMMINS INC	40,414	28,691
DBS GROUP HLDGS SPON ADR	13,452	11,161
DDR CORP	3,282	3,183
DILLARD'S INC	9,851	6,900
DOUGLAS EMMETT INC	1,689	1,902
DR. REDDY'S LAB LTD	12,131	12,915
CDW CORP	6,380	7,567
DUN & BRADSTREET CORP	7,707	7,691
DUPONT FABROS TECHNOLOGY INC C	2,978	3,274
E*TRADE FINANCIAL CORP	4,577	5,483
ENGILITY HOLDING INC	5,544	6,399
EQUITY LIFESTYLE PRP	2,331	3,467
EQUITY RESIDENTIAL PPTYS TR	10,214	13,218
EXPEDITORS INTL WASH INC	22,936	22,776
EXTENDED STAY AMERICA INC	2,908	2,592
FACEBOOK INC	10,840	47,620
FACTSET RESH SYST INC	10,384	16,420
FEDERAL RLTY INVT TR	4,650	5,552
FEDEX CORPORATION	9,006	17,432
FIRST AMERICAN CORP	9,376	9,298
FIRST CASH FINL SERVICES INC	7,044	5,764
FIRST MERCHANTS CORPORATION	5,084	5,033
FIRSTMERIT CORPORATION	9,601	9,288
FOREST CITY ENTERPRISES CL A	3,631	3,925
FORUM ENERGY TECHNOLOGIES INC	6,060	4,112
FRANKLIN ELECTRIC CO., INC	4,923	4,568
FRESENIUS SE S ADR	13,173	19,349
GENERAL ELECTRIC CO	17,783	22,054
GENERAL MOTORS	34,162	35,813
GOLDMAN SACHS GROUP	20,361	30,639
GRAINGER W W INC	26,196	22,690
GRAMERCY PROPERTY TRUST INC	2,588	814
GRAPHIC PACKAGING CORP	6,274	8,801
GREENHILL & COMPANY INC	5,954	4,463
GRIFOLS SA REP 1/2 CL B	5,084	9,299
GROUP 1 AUTOMOTIVE INC	3,497	4,164
GROUPE DANONE ADS	29,615	28,976
GRUPO FIN ADR	17,709	17,798
HDFC BANK LTD ADR	10,523	23,593
HEALTH CARE REIT INC	9,021	9,456
HERSHA HOSPITALITY TRUST	5,800	5,571
HERTZ GLOBAL HOLDINGS INC	5,778	5,806
HILLENBRAND, INC	7,212	7,822
HILTON HOTELS CORP	2,143	1,926
HOLCIM LIMITED ADR	14,374	10,373
HOST HOTELS & RESORTS INC	4,470	3,252
HSN, INC	6,458	5,422
ICF INTERNATIONAL, INC	4,804	5,441
INTEGRA LIFESCIENCES HOLDINGS	3,520	5,694
INTEL CORP	18,312	30,109
EMPIRE STATE REALTY TRUST	2,149	2,277
ISHARES TRUST RUSSELL 2000 VAL	4,818	4,597
JP MORGAN CHASE	16,859	32,883
KAPSTONE PAPER AND PACKAGING C	9,064	7,161
KAR AUCTION SERVICES INC	5,637	10,554
KIRBY CORPORATION	5,683	4,631
LACLEDE GROUP INC	9,775	10,159
LAKELAND FINANCIAL CORPORATION	2,348	2,517
LAM RESEARCH CORP	1,313	3,256
LAREDO PETROLEUM HOLDINGS	1,795	1,558
LAS VEGAS SANDS CORP	11,263	8,242
LENNOX INTL INC	2,095	3,372
LINCOLN ELECTRIC HOLDING INC	2,317	2,231
LITTELFUSE, INC	1,494	1,712
LOOMIS SAYLES HIGH INCOME OPPO	115,650	101,184
LOOMIS SAYLES SECURITIZED ASSE	387,000	372,077
LOWES COMPANIES INC	5,309	12,090
LVMH MOET HENN UNSP	12,337	11,055
MACERICH CO	2,939	3,470
MANULIFE FIN CORP	21,826	20,073
MASTERCARD INC	2,625	12,852
MEDTRONIC PLC	14,621	14,615
MENS WEARHOUSE	4,605	1,409
MERCK & CO INC	6,958	10,353
MICROSOFT CORP	40,073	59,474
MONSTER BEVERAGE CORP	13,856	36,495
MULTI PACKAGING SOLUTIONS INTL	4,428	5,032
NESTLE S.A	12,418	13,321
NEWPARK RESOURCES	1,698	1,515
NIDEC CORPORATION ADR	23,424	26,028
NOMURA HOLDINGS ADR	16,220	15,312
NORTHWESTERN CORP	10,024	9,982
NOVARTIS AG ADR	16,378	20,908
NOVO NORDISK A S	32,202	41,353
NXP SEMICONDUCTORS	19,485	20,473
ORACLE CORP	25,545	31,087
PARAMOUNT GROUP INC	3,207	3,131
PERNOD-RECARD SA	14,465	13,526
PIEDMONT OFFICE REALTY TRUST I	4,866	4,965
PING AN INSURANCE	18,487	24,420
PRA HEALTH SCIENCES INC	2,484	4,210
PROCTER GAMBLE CO	23,736	26,444
PROLOGIS	9,312	9,485
PROSPERITY BANC SHARES, INC	6,867	6,653
PRUDENTIAL PLC SC	9,165	19,520
PT BK MANDIR PRS UNSP/ADR	15,914	12,544
PUBLIC STORAGE INC	8,406	11,642
QUALCOMM INC	29,987	26,392
RELIANCE STL & ALMN	7,223	6,660
RENAISSANCERE HOLDINGS LTD	10,475	11,432
RETAIL OPPORTUNITY INVESTMENTS	1,637	1,880
REXFORD INDUSTRIAL REALTY INC	2,425	2,732
RINGCENTRAL INC	2,702	3,655
RLJ LODGING TRUST	2,535	1,990
ROCHE HOLDING LTD ADR	8,174	11,237
SABMILLER PLC S/ADR	30,202	35,958
SAFRAN SA - UNSPON ADR	20,806	20,636
SCHLUMBERGER LTD	21,721	18,554
SEI INVESTMENTS	10,939	26,934
SERVICEMASTER GLOBAL HOLDINGS	6,098	10,124
SEVEN & I HOLDINGS C	11,307	13,984
SILGAN HOLDINGS, INC	8,129	10,099
SILICON LABORATORIES, INC	5,838	5,582
SIMON PPTY GROUP INC	16,506	18,861
SOFTBANK CP UNSP ADR	19,513	20,631
SOUTHERN COPPER CORP	18,519	16,534
STANDEX INTERNATIONAL CORP	1,722	1,996
STORE CAPITAL CORPORATION	2,013	2,320
SUPERIOR ENERGY SV	3,425	2,990
SURGERY PARTNERS INC	4,495	5,143
SURGICAL CARE AFFILIATES INC	6,435	6,927
TANGER FACTORY OUTLT CENREIT	2,586	2,453
TAUBMAN CENTERS INC	5,007	5,140
TCP CAPITAL CORPORATION	5,340	4,597
TEAM, INC	3,880	3,420
TELEFLEX INC	3,038	4,469
TELENOR ASA	13,914	11,299
TENCENT HOLDINGS LIMITED	16,651	27,174
TENNECO INC	8,401	7,024
THERMON GROUP HOLDINGS INC	4,547	3,502
TIFFANY & CO	4,747	6,561
TOYOTA MTR CORP	18,130	25,223
TRANSUNION COM USD0.01	7,399	8,106
TRINET GROUP, INC	3,175	2,380
UBS AG	7,426	8,310
UNION FIRST MARKET BANKSHARES	6,961	7,395
UNION PACIFIC	20,694	19,394
UNITED PARCEL SERVICE	15,847	20,689
VARIAN MEDICAL SYSTEMS INC	15,865	18,342
VECTREN CORP	10,572	10,054
VENTAS INC	7,400	7,449
VERINT SYSTEMS INC	7,127	7,341
VISA INC	21,516	56,922
VORNADO RLTY TR	1,732	1,799
VWR CORPORATION	12,021	14,268
WEBSTER FINL CORP	7,410	9,669
WELLS FARGO & CO	22,894	41,640
WHIRLPOOL CORP	6,039	5,581
YUM BRANDS INC	18,293	17,605

- TIN:

TY 2015 InvestmentsGovtObligationsSch

Name:

The Geoffrey and Lynne Picard Family

foundation

EIN:

77-0472664

US Government Securities - End of Year Book Value:

95,073

US Government Securities - End of Year Fair Market Value:

107,347

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

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

- TIN:

TY 2015 InvestmentsOtherSchedule2

Name:

The Geoffrey and Lynne Picard Family

foundation

EIN:

77-0472664

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
A&Q MULTI-STRATEGY FUND		172,852	178,864

- TIN:

TY 2015 OtherExpensesSchedule

Name:

The Geoffrey and Lynne Picard Family

foundation

EIN:

77-0472664

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Administrative Fees	20,329			20,329
Bank Charges	1,076	1,076

- TIN:

TY 2015 OtherProfessionalFeesSchedule

Name:

The Geoffrey and Lynne Picard Family

foundation

EIN:

77-0472664

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Services	42,380	42,380

- TIN:

TY 2015 TaxesSchedule

Name:

The Geoffrey and Lynne Picard Family

foundation

EIN:

77-0472664

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
990-PF Estimated Tax for 2015	2,900
Foreign Tax Paid	2,474	2,474