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
GLENDORN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)78 MAIN STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BRADFORD, PA16701
A Employer identification number

25-1024349
B Telephone number (see instructions)

(814) 368-7171
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$3,962,586J 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) 500
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 21 21  
4 Dividends and interest from securities... 63,499 63,499  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 100,523
b Gross sales price for all assets on line 6a 1,894,883
7 Capital gain net income (from Part IV, line 2)... 100,523
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)....... Click to see attachment 15 15  
12 Total. Add lines 1 through 11........ 164,558 164,058  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
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 2,975 2,975    
c Other professional fees (attach schedule).... Click to see attachment 31,183 28,065   3,118
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,827 1,726    
19 Depreciation (attach schedule) and depletion... Click to see attachment 224 224  
20 Occupancy.............. 6,053 6,053    
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 14,902 14,902    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 58,164 53,945   3,118
25 Contributions, gifts, grants paid....... 212,834 212,834
26 Total expenses and disbursements. Add lines 24 and 25 270,998 53,945   215,952
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -106,440
b Net investment income (if negative, enter -0-) 110,113
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............. 18,172 6,419 6,413
2 Savings and temporary cash investments......... 119,006 68,031 68,031
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..........   2,500 2,500
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 3,515,182 Click to see attachment3,462,327 3,877,642
c Investments—corporate bonds (attach schedule).......      
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 bullet1,825
Less: accumulated depreciation (attach schedule) bullet1,769 279 Click to see attachment56 56
15 Other assets (describe bullet) Click to see attachment2,015 Click to see attachment7,944 Click to see attachment7,944
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,654,654 3,547,277 3,962,586
Liabilities 17 Accounts payable and accrued expenses.......... 937  
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)......... 937 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 3,653,717 3,547,277
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 3,653,717 3,547,277
31 Total liabilities and net assets/fund balances (see instructions). 3,654,654 3,547,277
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
3,653,717
2
Enter amount from Part I, line 27a .....................
2
-106,440
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
3,547,277
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
3,547,277
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 ANHAUSER-BUSCH INBEV NV P 2014-01-01 2015-10-09
b CATAMARAN CORP P 2014-01-01 2015-04-02
c GENERAL ELECTRIC CO P 2014-01-01 2015-05-13
d LILLY ELI & CO P 2014-01-01 2015-10-16
e REALOGY HOLDINGS CORP P 2014-01-01 2015-10-09
INVESCO STIT TREASURY PORT P 2014-01-01 2015-03-31
DANONE SEDOL P 2014-01-01 2015-07-21
CERNER CORP P 2014-01-01 2015-06-01
GENERAL ELECTRIC CO P 2014-01-01 2015-10-09
LILLY ELI & CO P 2014-01-01 2015-10-20
SANOFI SPONSORED ADR P 2014-01-01 2015-03-05
INVESCO STIT TREASURY PORT P 2014-01-01 2015-04-30
AMDOCS LIMITED ISIN P 2014-01-01 2015-07-22
DR HORTON INC P 2014-01-01 2015-04-22
GENERAL ELECTRIC CO P 2014-01-01 2015-10-22
MASCO CORP P 2014-01-01 2015-10-09
SANOFI SPONSORED ADR P 2014-01-01 2015-11-20
INVESCO STIT TREASURY PORT P 2014-01-01 2015-05-31
LIBERTY LILAC GROUP CLASS A P 2014-01-01 2015-07-10
EMC CORP P 2014-01-01 2015-04-14
GENERAL ELECTRIC CO P 2014-01-01 2015-11-16
MERCK & CO INC P 2014-01-01 2015-10-19
SPIRIT AIRLINES INC P 2014-01-01 2015-10-30
INVESCO STIT TREASURY PORT P 2014-01-01 2015-07-31
NESTLE SA-REG SEDOL P 2014-01-01 2015-10-09
EMC CORP P 2014-01-01 2015-07-22
GOOGLE INC P 2014-01-01 2015-05-05
MERCK & CO INC P 2014-01-01 2015-10-20
STARZ - SERIES A P 2014-01-01 2015-02-18
INVESCO STIT TREASURY PORT P 2014-01-01 2015-08-31
AMC NETWORKS INC P 2014-01-01 2015-07-06
EMC CORP P 2014-01-01 2015-10-05
HESS CORPORATION P 2014-01-01 2015-07-02
MOSAIC CO P 2014-01-01 2015-10-23
TOLL BROTHERS INC P 2014-01-01 2015-04-22
INVESCO STIT TREASURY PORT P 2014-01-01 2015-09-30
ALPHABET INC P 2014-01-01 2015-12-28
EOG RES INC P 2014-01-01 2015-06-25
HOMEAWAY INC P 2014-01-01 2015-10-10
MOSAIC CO P 2014-01-01 2015-05-06
TOPBUILD CORP P 2014-01-01 2015-07-13
INVESCO STIT TREASURY PORT P 2014-01-01 2015-09-30
ALPHABET INC P 2014-01-01 2015-10-09
ELECTRIC ART P 2014-01-01 2015-07-06
HOMEAWAY INC P 2014-01-01 2015-12-09
NORFOLK SOUTHERN CORP P 2014-01-01 2015-11-23
TOPBUILD CORP P 2014-01-01 2015-07-20
INVESCO STIT TREASURY PORT P 2014-01-01 2015-11-30
AMAZON COM INC P 2014-01-01 2015-03-27
ENCANA CORP P 2014-01-01 2015-06-22
INGREDION INC P 2014-01-01 2015-04-08
OWENS CORNING INC P 2014-01-01 2015-03-31
TRIPADVISOR INC CLASS I P 2014-01-01 2015-12-28
INVESCO STIT TREASURY PORT P 2014-01-01 2015-11-30
AMAZON COM INC P 2014-01-01 2015-04-30
ENGERGIZER HLDGS INC P 2014-01-01 2015-01-29
JOHNSON & JOHNSON P 2014-01-01 2015-10-06
PEABODY ENERGY CORP P 2014-01-01 2015-05-04
VIACOM INC P 2014-01-01 2015-05-15
DWS RREEF P 2014-01-01 2015-03-31
ANSYS INC P 2014-01-01 2015-10-09
EVERTEC INC P 2014-01-01 2015-09-16
JOY GLOBAL INC P 2014-01-01 2015-08-21
PLUM CREEK TIMBER CO INC P 2014-01-01 2015-10-09
VIACOM INC P 2014-01-01 2015-08-28
APACHE CORPORATION P 2014-01-01 2015-06-24
EXPRESS SCRIPTS HLDG CO P 2014-01-01 2015-01-15
JUPITER NETWORKS INC P 2014-01-01 2015-02-25
PLUM CREEK TIMBER CO INC P 2014-01-01 2015-11-16
VISA INC P 2014-01-01 2015-11-10
APPOLLO EDUCATION GROUP INC P 2014-01-01 2015-03-30
FASTENAL CO P 2014-01-01 2015-04-15
JUPITER NETWORKS INC P 2014-01-01 2015-10-09
POPULAR INC P 2014-01-01 2015-07-14
XYLEM INC P 2014-01-01 2015-05-27
AUTODESK INC P 2014-01-01 2015-11-12
GANNETT SPINCO INC P 2014-01-01 2015-07-08
LENNAR CORP P 2014-01-01 2015-04-22
POTASH CORP SASKATCHEWAN INC P 2014-01-01 2015-08-28
YUM BRANDS INC P 2014-01-01 2015-10-09
CAMERON INTL CORP P 2014-01-01 2015-08-31
GANNETT INC P 2014-01-01 2015-02-20
LILLY ELI & CO P 2014-01-01 2015-07-22
PRICELINE GROUP INC P 2014-01-01 2015-10-09
INVESCO STIT TREASURY PORT P 2014-01-01 2015-01-31
(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 12,479   9,655 2,824
b 36,561   27,933 8,628
c 19,183   18,136 1,047
d 7,170   7,306 -136
e 4,638   5,075 -437
27,931   27,931  
21,660   20,332 1,328
33,448   20,828 12,620
11,752   10,822 930
35,104   32,413 2,691
28,021   29,242 -1,221
22,409   22,409  
11,361   5,435 5,926
19,954   14,917 5,037
12,412   10,436 1,976
7,173   5,808 1,365
31,918   35,934 -4,016
59,247   59,247  
1,067   903 164
17,190   14,719 2,471
37,507   27,412 10,095
13,963   17,046 -3,083
14,500   25,895 -11,395
19,346   19,346  
6,959   6,039 920
10,091   7,229 2,862
161   60 101
35,135   40,353 -5,218
16,255   11,729 4,526
12,219   12,219  
26,336   24,633 1,703
33,166   15,263 17,903
73,454   60,025 13,429
10,338   10,348 -10
4,202   4,003 199
2,855   2,855  
30,021   20,632 9,389
32,476   29,306 3,170
16,154   13,523 2,631
46,326   46,569 -243
16   14 2
113,699   113,699  
13,338   10,531 2,807
22,584   4,950 17,634
7,154   6,486 668
19,323   19,463 -140
3,642   3,254 388
5,436   5,436  
14,946   12,880 2,066
8,444   13,576 -5,132
39,462   32,476 6,986
15,983   12,476 3,507
10,135   11,868 -1,733
5,741   5,741  
30,819   14,037 16,782
35,370   26,560 8,810
29,600   32,099 -2,499
15,680   57,905 -42,225
11,570   13,507 -1,937
641     641
10,624   9,304 1,320
14,635   16,627 -1,992
19,105   41,682 -22,577
5,271   5,361 -90
34,042   57,231 -23,189
19,765   28,947 -9,182
19,346   17,918 1,428
44,256   35,260 8,996
25,941   22,834 3,107
19,827   14,388 5,439
20,608   33,786 -13,178
52,416   57,899 -5,483
13,306   8,275 5,031
35,329   41,957 -6,628
34,415   30,477 3,938
18,285   15,015 3,270
4,987   4,358 629
17,983   14,373 3,610
18,237   25,664 -7,427
11,587   9,725 1,862
64,720   57,380 7,340
22,588   20,338 2,250
28,679   24,310 4,369
25,424   25,368 56
4,959   4,959  
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       2,824
b       8,628
c       1,047
d       -136
e       -437
       
      1,328
      12,620
      930
      2,691
      -1,221
       
      5,926
      5,037
      1,976
      1,365
      -4,016
       
      164
      2,471
      10,095
      -3,083
      -11,395
       
      920
      2,862
      101
      -5,218
      4,526
       
      1,703
      17,903
      13,429
      -10
      199
       
      9,389
      3,170
      2,631
      -243
      2
       
      2,807
      17,634
      668
      -140
      388
       
      2,066
      -5,132
      6,986
      3,507
      -1,733
       
      16,782
      8,810
      -2,499
      -42,225
      -1,937
      641
      1,320
      -1,992
      -22,577
      -90
      -23,189
      -9,182
      1,428
      8,996
      3,107
      5,439
      -13,178
      -5,483
      5,031
      -6,628
      3,938
      3,270
      629
      3,610
      -7,427
      1,862
      7,340
      2,250
      4,369
      56
       
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 2 100,523
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 183,834 4,366,710 0.042099
2013 196,833 3,993,512 0.049288
2012 155,080 3,531,197 0.043917
2011 139,700 3,574,671 0.039081
2010 153,750 3,396,369 0.045269
2
Total of line 1, column (d) .....................
20.219654
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
0.043931
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
4,206,417
5
Multiply line 4 by line 3......................
5
184,792
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,101
7
Add lines 5 and 6........................
7
185,893
8
Enter qualifying distributions from Part XII, line 4.............
8
215,952
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 1,101
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 1,101
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 1,101
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 10,600
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 10,600
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 9,499
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet2,500 RefundedBullet 11 6,999
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
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)
    bulletPA, TX
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletWILLIAM F HIGIE Telephone no.bullet (814) 368-7171

    Located atbullet78 MAIN STREETBRADFORDPA ZIP+4bullet16701
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    JOHN C DORN TRUSTEE
    2.00     		0 0 0
    PO BOX 2396
    MIDLAND,TX79702
    CLAYTON D COBURN TRUSTEE
    2.00     		0 0 0
    PO BOX 580
    HIGH ROLLS MTN PK,NM88325
    WILLIAM F HIGIE SEC. & MGR.
    8.00     		0 0 0
    78 MAIN STREET
    BRADFORD,PA16701
    JEFFREY W MILLER TRUSTEE
    2.00     		0 0 0
    694 SWEET LANE
    COTTAGE GROVE,OR97424
    CAROLYNN D WARNER TRUSTEE
    2.00     		0 0 0
    164 SOUTH LAFAYETTE
    DENVER,CO80209
    LESLIE D YOUNG TRUSTEE
    2.00     		0 0 0
    1011 S VALENTIA ST VILLA NO 7
    DENVER,CO80247
    BROOKS DORN STEWART TRUSTEE
    2.00     		0 0 0
    455 DEXTER STREET
    DENVER,CO80220
    DAVID CHAPMAN GRUBB TRUSTEE
    2.00     		0 0 0
    3302 142ND PLACE NE
    BELLVIEW,WA98007
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    4,167,341
    b
    Average of monthly cash balances.......................
    1b
    96,888
    c
    Fair market value of all other assets (see instructions)................
    1c
    6,245
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,270,474
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    4,270,474
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    64,057
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,206,417
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    210,321
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    210,321
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    1,101
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,101
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    209,220
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    209,220
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    209,220
    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
    215,952
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    215,952
    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
    1,101
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    214,851
    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 7 209,220
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 27,163
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 215,952
    a Applied to 2014, but not more than line 2a 27,163
    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..... 188,789
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2015.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		20,431
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    WILLIAM F HIGIE
    78 MAIN STREET
    BRADFORD,PA16701
    (814) 368-7171
    bThe form in which applications should be submitted and information and materials they should include:
    NO SOLICITATIONS FROM GRANTEES ARE DESIRED AT THIS TIME
    cAny submission deadlines:
    NO SOLICITATIONS FROM GRANTEES ARE DESIRED AT THIS TIME
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NO SOLICITATIONS FROM GRANTEES ARE DESIRED AT THIS TIME
    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
    AMERICAN TRANSPLANT FOUNDATION
    410 17TH STREET STE 2200
    DENVER,CO80202     		N/A PUBLIC RESEARCH 10,000
    BRADFORD CHARITIES
    78 MAIN STREET
    BRADFORD,PA16701     		N/A PUBLIC COMMUNITY 9,501
    FLICKINGER CNTR FOR PERFORMING ARTS
    1110 NEW YORK AVENUE
    ALAMOGORDA,NM88310     		N/A PUBLIC EDUCATION 5,000
    JOHN HOPKINS SCHOOL OF ME
    600 N WOLFE STREET/MEYER
    BALTIMORE,MD212877613     		N/A PUBLIC RESEARCH 8,000
    KENT DENVER SCHOOL
    400 E QUINCY AVENUE
    ENGLEWOOD,CO80113     		N/A PUBLIC EDUCATION 20,000
    MASSACHUSETTS GENERAL HOS
    VBK 915 FRUIT ST
    BOSTON,MA02114     		N/A PUBLIC RESEARCH 10,000
    SOUTHEST ONCOLOGY CENTERS
    2626 NORTH CIVIC CNTR PLZ
    SCOTTSDALE,AZ85251     		N/A PUBLIC RESEARCH 13,333
    UNIVERSITY OF PITTSBURGH AT BRADFOR
    300 CAMPUS DRIVE
    BRADFORD,PA16701     		N/A PUBLIC EDUCATION 10,000
    MUSEUM OF NATURE & SCIENCE
    2001 COLORADO BOULEVARD
    DENVER,CO802055798     		N/A PUBLIC SCHOLARSHIPS 10,000
    EVANS-KRIVAK GYN CANCER RESEARCH
    5 PPG PLACE SUITE 250
    PITTSBURGH,PA152225414     		N/A PUBLIC RESEARCH 15,000
    GATES CENTER FOR REGENERATIVE MED
    12800 E 19TH AVENUE
    MAILSTOP 8320
    AURORA,CO80045     		N/A PUBLIC RESEARCH 33,000
    CHRYSALIS HIGH SCHOOL
    14241 NE WOODINVILE-DUVAL
    ROAD 243
    WOODINVILLE,WA98072     		N/A PUBLIC EDUCATION 17,000
    MEMORIAL SLOAN KETTERING
    1275 YORK AVENUE
    NEW YORK CITY,NY10065     		N/A PUBLIC RESEARCH 10,000
    NEW MEXICAO TECH
    801 LEROY PLACE
    SOCCORO,NM87801     		N/A PUBLIC EDUCATION 30,000
    WARREN DAUGHERTY AQUATIC CENTER
    1440 SOUTH 8TH STREET
    COTTAGE GROVE,OR97424     		N/A PUBLIC COMMUNITY 12,000
    Total .................................bullet 3a 212,834
    bApproved for future payment
    Total .................................bullet 3b  
    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 ...........     		        21
    4 Dividends and interest from securities....         63,499
    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.....         15
    8
    Gain or (loss) from sales of assets other than inventory ............     		        100,523
    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)..     164,058
    13Total. Add line 12, columns (b), (d), and (e)..................
    13164,058
    (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.)
    3 GLENDORN FOUNDATION WAS CREATED FOR THE PURPOSE OF AIDING
    4 RELIGIOUS, CHARITABLE, EDUCATIONAL OR SCIENTIFIC
    7 ORGANIZATIONS WHICH ARE WHOLLY OF A PUBLIC AND NON-PROFIT
    8 NATURE.
    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:
    GLENDORN FOUNDATION
    EIN:
    25-1024349
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROFESSIONAL EXPENSE 2,975 2,975    

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

    TY 2015 DepreciationSchedule
    Name:
    GLENDORN FOUNDATION
    EIN:
    25-1024349
    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
    TELEPHONES & INSTALLATION 2002-03-01 706 706 S/L 7.0000        
    COMPUTER 2011-04-11 1,119 840 S/L 5.0000 224 224    

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    GLENDORN FOUNDATION
    EIN:
    25-1024349
    Name of Stock End of Year Book Value End of Year Fair Market Value
    PNC - CUSTODY A/C 2,181,927 2,418,335
    TIFF INVESTMENT 1,280,398 1,459,307
    EQUITIES - UBS 2  

    TY 2015 LandEtcSchedule2
    Name:
    GLENDORN FOUNDATION
    EIN:
    25-1024349
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    OFFICE EQUIPMENT 1,825 1,769 56 56


    TY 2015 OtherAssetsSchedule
    Name:
    GLENDORN FOUNDATION
    EIN:
    25-1024349
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED DIVIDENDS RECEIVABLE 2,014 943 943
    ACCRUED INTEREST RECEIVABLE 1 2 2
    FEDERAL EXCISE TAX - REFUND REC   6,999 6,999


    TY 2015 OtherExpensesSchedule
    Name:
    GLENDORN FOUNDATION
    EIN:
    25-1024349
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    DUES AND SUBSCRIPTIONS 1,497 1,497    
    TELEPHONE 2,987 2,987    
    CONTRACT LABOR 9,247 9,247    
    OFFICE EXPENSE 1,171 1,171    


    TY 2015 OtherIncomeSchedule2
    Name:
    GLENDORN FOUNDATION
    EIN:
    25-1024349
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ROYALTY INCOME 15 15  


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    GLENDORN FOUNDATION
    EIN:
    25-1024349
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MGT. FEE - PNC 31,183 28,065   3,118


    TY 2015 TaxesSchedule
    Name:
    GLENDORN FOUNDATION
    EIN:
    25-1024349
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 1,726 1,726    
    EXCISE TAX 1,101