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
Gerald & Janet Carrus Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

13-3929249
B Telephone number (see instructions)

(800) 839-1754
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$6,210,048J 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) 0
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 214 214  
4 Dividends and interest from securities... 108,933 108,933  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,513,333
b Gross sales price for all assets on line 6a 10,633,431
7 Capital gain net income (from Part IV, line 2)... 1,513,333
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 -498 -6  
12 Total. Add lines 1 through 11........ 1,621,982 1,622,474  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 80,000     80,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 605     605
16a Legal fees (attach schedule)......... Click to see attachment 6,777 0 0 6,777
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 61,497 61,497    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 21,551 551    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 9,431     9,431
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 13,974 153   13,810
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 193,835 62,201 0 110,623
25 Contributions, gifts, grants paid....... 3,283,500 3,283,500
26 Total expenses and disbursements. Add lines 24 and 25 3,477,335 62,201 0 3,394,123
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,855,353
b Net investment income (if negative, enter -0-) 1,560,273
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 522,801 143,984 143,984
3 Accounts receivable bullet31,847
Less: allowance for doubtful accounts bullet     31,847 31,847
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)   Click to see attachment441,721 470,866
b Investments—corporate stock (attach schedule)....... 6,161,993 Click to see attachment5,133,522 5,211,555
c Investments—corporate bonds (attach schedule)....... 691,103 Click to see attachment333,659 331,624
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 77,454 Click to see attachment20,068 20,172
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) 506,803    
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,960,154 6,104,801 6,210,048
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 7,960,154 6,104,801
30 Total net assets or fund balances (see instructions)..... 7,960,154 6,104,801
31 Total liabilities and net assets/fund balances (see instructions). 7,960,154 6,104,801
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
7,960,154
2
Enter amount from Part I, line 27a .....................
2
-1,855,353
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
6,104,801
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
6,104,801
Form 990-PF (2015)
Form 990-PF (2015)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b Passthrough K1 Capital Gain      
c SEC 751 GAIN ON SALE OF PTSHIP - RECLASS      
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 10,633,431   9,120,091 1,513,340
b       5
c       -12
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       1,513,340
b        
c        
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,513,333
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 3,014,451 11,237,770 0.268243
2013 1,604,586 12,275,100 0.130719
2012 567,872 11,438,811 0.049644
2011 497,394 11,375,076 0.043727
2010 453,635 10,285,961 0.044102
2
Total of line 1, column (d) .....................
20.536435
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
0.107287
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
7,498,339
5
Multiply line 4 by line 3......................
5
804,474
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
15,603
7
Add lines 5 and 6........................
7
820,077
8
Enter qualifying distributions from Part XII, line 4.............
8
3,394,123
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 15,603
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 15,603
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 15,603
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 29,004
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 29,004
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 13,401
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet13,401 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
Yes
 
If "Yes," attach the statement required by General Instruction T.Click to see attachment
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)
    bulletNH
    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 addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........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
    Janet Carrus Pres / Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Robin Miller Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Michelle Peperone Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Renee Peperone Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Cathey Romano Executive Dir
    20.0     		80,000 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Irving Sitnick VP / Dir / Sec
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    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...................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
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    7,113,212
    b
    Average of monthly cash balances.......................
    1b
    499,315
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    7,612,527
    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
    0
    3
    Subtract line 2 from line 1d.........................
    3
    7,612,527
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    114,188
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    7,498,339
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    374,917
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    374,917
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    15,603
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    15,603
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    359,314
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    359,314
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    359,314
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    3,394,123
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    3,394,123
    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
    15,603
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    3,378,520
    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 7 359,314
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only.......  
    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...... 524,255
    e From 2014...... 2,478,724
    fTotal of lines 3a through e........ 3,002,979
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 3,394,123
    a Applied to 2014, but not more than line 2a  
    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..... 359,314
    e Remaining amount distributed out of corpus 3,034,809
    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 6,037,788
    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 ..........     		0
    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 ......     		6,037,788
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013.... 524,255
    d Excess from 2014.... 2,478,724
    e Excess from 2015.... 3,034,809
    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).)
    JANET CARRUS
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AFRICAN WILDLIFE FOUNDATION
    1400 16TH ST NW STE 120
    WASHINGTON,DC20036     		N/A PC General & Unrestricted 1,833,000
    HELEN KELLER INTERNATIONAL INC
    352 PARK AVE S 12 FL
    NEW YORK,NY10010     		N/A PC General & Unrestricted 200,000
    NEW YORK CITY COMMUNITY GARDEN COALITION INC
    232 E 11TH ST
    NEW YORK,NY10003     		N/A PC General & Unrestricted 500
    THE CENTER FOR DISCOVERY INC
    PO BOX 840
    HARRIS,NY12742     		N/A PC General & Unrestricted 1,000,000
    TRUSTEES OF COLUMBIA UNIVERSITY
    722 W 168TH ST 12TH FL
    NEW YORK,NY10032     		N/A PC General & Unrestricted 250,000
    Total .................................bullet 3a 3,283,500
    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 ...........     		    14 214  
    4 Dividends and interest from securities....     14 108,933  
    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 1,513,333  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aK-1 Inc/Loss     		525990 -504 14 -6  
    bSECTION 751 GAIN ON SALE OF PARTNERSHIP 525990 12      
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -492 1,622,474  
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,621,982
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


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    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

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

    TY 2015 DepreciationSchedule
    Name:
    Gerald & Janet Carrus Foundation
    EIN:
    13-3929249
    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

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    Gerald & Janet Carrus Foundation
    EIN:
    13-3929249
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AMERICAN EXPRESS CR CORP - 2.8 25,450 25,319
    CITIGROUP INC - 2.500% - 09/26 15,195 15,130
    COMCAST CORP - 3.600% - 03/01/ 25,887 25,841
    CSX CORPORATION - 3.700% - 10/ 15,882 15,651
    CVS HEALTH CORP BOND - 2.800% 15,235 15,067
    ECOLAB INC SR NT - 1.450% - 12 14,927 14,858
    GENERAL ELEC CAP CORP - 4.650% 22,268 22,143
    JOHN DEERE CAPITAL - 1.750% - 20,076 20,005
    JP MORGAN CHASE - 3.900% - 07/ 20,466 20,610
    MEDTRONIC INC SR NT - 2.750% - 19,769 19,494
    MS GLBL - 2.375% - 07/23/2019 15,025 14,950
    ORACLE - 2.500% - 10/15/2022 19,523 19,531
    STATOIL ASA - 3.125% - 08/17/2 20,726 20,489
    TORONTO DOMINION BANK NOTE - 2 25,365 25,229
    UNITED HEALTH GRP - 2.700% - 0 20,461 20,210
    VERIZON COMMUNICATIONS INC - 5 16,606 16,490
    WELLS FARGO CO - 3.500% - 03/0 20,798 20,607

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    Gerald & Janet Carrus Foundation
    EIN:
    13-3929249
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABS 4,316 8,443
    ABBVIE INC 31,775 31,990
    ACADIA RLTY TR 3,292 3,647
    ACCENTURE PLC 7,931 9,614
    ACCOR SA 1,901 1,740
    ACELRX PHARMACEUTICALS INC 908 909
    ACUITY BRANDS INC 2,916 3,507
    ADOBE SYSTEMS, INC 1,520 1,785
    AEGON N V ORD AMER REG 1,887 1,956
    AES CORP 1,448 1,244
    AETNA INC 21,990 20,218
    AFLAC INC 18,740 18,090
    AGILENT TECHNOLOGIES INC 7,010 8,111
    AGL RESOURCES INC 5,514 5,743
    AIA GROUP LTD ADR 5,848 6,364
    AIRCASTLE LTD CMN ST 1,282 1,525
    AIRGAS INC 3,383 4,980
    AKAMAI TECH 4,720 3,316
    AKBANK TURK ANONIM SIRKETI ADR 2,930 2,935
    AKZO NOBEL NV-ADR 4,754 4,777
    ALASKA AIR GROUP INC 17,123 20,450
    ALIGN TECHNOLOGY, INC 1,884 1,910
    ALLERGAN PLC 10,873 11,250
    ALLIANZ SE ADR 4,484 4,934
    ALPHABET INC CL A 14,903 21,006
    AMADEUS IT HLDS SA 1,174 1,281
    AMAZON COM 1,067 8,787
    AMDOCS LIMITED 19,174 18,336
    AMER INTERNATIONAL GROUP INC 2,469 2,603
    AMERICAN EXPRESS CO 2,149 1,947
    AMERICAN TOWER REIT INC 1,880 2,036
    AMERICAN WATER WORKS COMPANY 2,051 2,330
    AMERIPRISE FINANCIAL INC 19,912 19,156
    AMERISOURCEBERGEN CORP 20,948 24,268
    AMETEK INC 1,282 1,286
    AMGEN INC 16,890 17,694
    ANGLO AM PLC ADR 1,476 572
    ANSYS INC 3,983 3,978
    ANTHEM INC 3,263 3,068
    APPLE INC 52,932 47,999
    ARM HOLDINGS PLC 2,303 2,307
    ASBURY AUTOMOTIVE GR 17,599 14,297
    ASML HOLDING NV NY REG SHS 7,588 7,457
    ASTELLAS PHARMA INC 5,290 5,524
    AT&T, INC 22,617 28,388
    ATHENAHEALTH 1,255 1,288
    ATLAS AIR WORLDWIDE HOLDINGS 455 537
    ATLAS COPCO AB B SHS ADR 3,205 3,272
    ATMOS ENERGY CORP 13,201 15,067
    ATWOOD OCEANICS INC 2,337 1,432
    AUSTRALIA & N Z ADS 3,754 3,902
    AUTOMATIC DATA PROCESSING INC 11,125 11,776
    AVERY DENNISON CORP 15,974 16,605
    AVISTA CORP 2,984 3,396
    AVIVA PLC 2,612 2,707
    AVNET INC 18,710 17,864
    AXA ADS 17,738 19,588
    BAKER HUGHES INC 3,959 3,415
    BANCO BILBAO ARG SA 1,465 1,209
    BANCO ITAU HOLDING FINANCIERA 1,837 1,745
    BANCO SANTANDER CEN 1,751 1,495
    BANK OF AMERICA CORP 4,789 4,931
    BANK OF MONTREAL 1,001 1,072
    BANK OF NOVA SCOTIA 2,157 1,982
    BARCLAYS PLC ADR 3,251 2,631
    BARCLAYS PLC ORD 7,440 5,895
    BARRY CALLEBAUT AG CHF 4,440 4,200
    BASF AG SPONS ADR 6,659 6,386
    BAYERISCHE MOTOREN WERKE 9,084 9,868
    BCE INC 1,625 1,468
    BEMIS INC 2,029 2,145
    BEST BUY INC 442 518
    BG GROUP PLC ADS 3,909 3,674
    BG GRP. ORD 10P 4,674 4,305
    BHP BILLITON LIMITED 4,785 3,606
    BLACKROCK INC 2,156 2,384
    BNP PARIBAS SPONS ADR 2,507 2,261
    BOSTON PPTYS INC 1,146 1,275
    BRAMBLES LTD UNSP AD 3,393 4,133
    BRIDGESTONE CORP UNSP ADR 9,020 8,887
    BRINKER INTL INC 17,527 15,488
    BRINKS CO 1,037 1,097
    BRISTOW GROUP 1,707 1,450
    BROADCOM CORPORATION 1,423 1,446
    BRUKER CORPORATION 3,429 4,587
    BT GROUP PLC ADS 5,148 5,468
    BUNZL PLC SPONSORED ADR 3,479 3,630
    CALPINE CORP 1,375 1,259
    CALVERT WORLD VALUES FUND INT 187,694 175,204
    CAMBREX CP 6,248 6,263
    CAMPBELL SOUP CO 1,761 1,839
    CANADIAN NATL RAILWAY CO 3,834 3,800
    CANADIAN PACIFIC RAILWAY LTD 2,493 2,169
    CARDINAL HEALTH INC 20,213 22,764
    CARREFOUR S.A 2,271 2,116
    CASINO GUICHARD PERRACH ET CIE 3,190 2,714
    CATERPILLAR INC 2,460 2,243
    CBRE GROUP INC 4,955 4,772
    CDW CORP 19,391 19,507
    CENTERPOINT ENERGY 1,771 1,818
    CERNER CORPORATION 4,085 3,490
    CGI GROUP INC CL A SUB VTG SHS 1,000 1,121
    CHARLES SCHWAB CORP 1,672 1,778
    CHECK POINT SOFTWARE TECHNOLOG 6,614 6,673
    CHURCH & DWIGHT 2,534 2,546
    CIGNA 3,097 3,219
    CINEMARK HOLDINGS INC 18,171 16,949
    CISCO SYSTEMS INC 18,795 24,928
    CITIGROUP INC 4,169 4,140
    COCA COLA ENTRPR INC 2,247 2,462
    COGNIZANT TECHNOLOGY SOLUTIONS 2,905 2,701
    COMCAST CORP 5,601 5,530
    COMFORT SYSTEMS USA INC 18,988 16,029
    COMPAGNIE FINANCIERE RICHEMONT 4,700 4,315
    CONAGRA FOODS INC 1,674 1,686
    CONTL AG SPONS ADR 3,066 3,368
    COSTCO WHOLESALE CORPORATION 4,330 5,653
    CREDIT SUISSE GROUP ADR 4,467 3,622
    CRH PLC - AMERICAN DEPOSITARY 1,895 1,844
    CRODA INTERNATIONAL PLC 4,256 4,460
    CSL LTD 3,267 3,600
    CSX CORP 1,648 1,479
    CUMMINS INC 1,950 1,408
    CVS CAREMARK CORP 45,593 43,410
    D R HORTON 17,710 19,346
    DAIKIN INDUSTRIES FIRST SEC 6,588 7,973
    DASSAULT SYS SA SPN ADR 1,426 1,603
    DAVITA HEALTHCARE PARTNERS INC 20,193 18,543
    DBS GROUP HLDGS SPON ADR 5,802 5,417
    DECKERS OUTDOOR CORPORATION 4,796 3,493
    DELUXE CORPORATION 20,112 18,489
    DENTSPLY INTERNATIONAL INC 3,944 4,503
    DEUTSCHE BANK AG 2,193 1,787
    DEUTSCHE TELE AG ADS 11,369 11,354
    DEVON ENERGY CORPORATION 17,614 14,176
    DIEBOLD INC 348 361
    DOLLAR GENERAL CORP 759 719
    DOLLAR TREE INC 986 927
    DONALDSON CO. INC 1,936 1,777
    DOVER CORP 1,227 1,226
    DR PEPPER SNAPPLE GROUP, INC 17,766 21,436
    DST SYS INC. COM 19,352 20,417
    EAGLE BANCORP INC 4,469 5,148
    EAST WEST BANCORP, INC 4,788 4,904
    EATON CORP PLC 2,507 2,342
    EBAY INC 10,330 10,497
    EDP RENOVAIS SA OVIEDO SHS 3,193 3,647
    EMC CORP-MASS 1,669 1,746
    EMERSON ELECTRIC CO 2,224 2,296
    ENERGIZER HOLDINGS INC 1,143 1,124
    ENSCO PLC 1,856 1,739
    ENVISION HEALTHCAR COM 1,362 831
    ERICSSON L M TEL CO 2,155 2,133
    EURONET WORLDWIDE INC 19,016 18,252
    EXPERIAN GROUP LTD S/ADR 8,532 9,269
    EXPRESS INC 1,473 1,572
    EXPRESS SCRIPTS HOLDING CO 4,089 4,196
    F5 NETWORKS, INC 6,681 5,430
    FACEBOOK INC 7,051 9,733
    FANUC LIMITED UNSPONSORED 7,484 7,663
    FEDEX CORPORATION 2,476 2,384
    FIAT CHRYSLER AUTOMOBILES NV 1,541 1,455
    FIRST REPUBLIC BANK 5,828 6,011
    FIRST SOLAR INC 11,170 16,036
    FMC TECHS INC COM 2,972 2,553
    FOMENTO ECONOMICO MEXICANO 7,145 7,296
    FOREST CITY ENTERPRISES CL A 4,594 4,847
    GAMESA CORPORACION TECNOLOGICA 3,165 3,893
    GATX CORP 20,823 19,062
    GEMALTO N.V. 1,580 1,631
    GEMALTO NV ADR 3,116 2,777
    GENERAL MILLS INC 22,733 22,949
    GENUINE PARTS COMPANY 4,444 9,190
    GENWORTH FINANCIAL INC CL A 1,898 1,358
    GILEAD SCIENCES INC 13,583 16,899
    GJENSIDIGE FORSIKRING ASA UNSP 4,311 4,919
    GLAXOSMITHKLINE PLC 5,890 5,972
    GLOBAL LOGISTIC PROP 2,553 2,659
    GOLDCORP INC 1,330 1,225
    GROUP 1 AUTOMOTIVE INC 2,441 2,877
    GROUPE DANONE ADS 5,145 5,716
    GRUPO AEROPORTUARIO 5,923 5,345
    GRUPO FIN ADR 3,519 4,046
    HAEMONETICS CP 415 355
    HANNON ARMSTRONG SUST INFRAST 2,154 2,138
    HARMAN INTERNATIONAL INDUSTRIE 16,942 16,487
    HCA INC 1,979 1,555
    HEALTH CARE PPTY INVS INC 3,297 4,092
    HEALTH CARE REIT INC 6,572 11,701
    HENKEL KGAA ADR 7,143 7,760
    HENNES & MAURITZ AB 3,254 3,075
    HENRY SCHEIN INC 2,108 2,373
    HEWLETT PACKARD ENTERPRISE CO 776 851
    HEXCEL CP DELAWARE 3,288 3,252
    HILL-ROM HOLDINGS, INC 1,012 913
    HITACHI LTD 8,131 8,789
    HOLCIM LIMITED ADR 5,123 5,171
    HOLOGIC, INC 5,925 5,533
    HOME DEPOT INC 5,111 5,819
    HONG KONG EX&CL UNSP/ADR 3,154 3,388
    HORACE MANN EDUCATOR 3,262 3,252
    HORMEL FOODS CP 2,353 3,005
    HOST HOTELS & RESORTS INC 1,199 1,058
    HOYA CORP SPONS ADR 5,720 7,002
    HP INC 741 663
    HSBC HOLDINGS PLC 12,856 12,117
    HUMANA INC 2,262 2,142
    HUNT J B 4,142 3,595
    IDACORP INC HLDG CO 1,242 1,428
    ILLINOIS TOOL WORKS 2,282 2,502
    IMAX CORPORATION 3,013 3,163
    INFINEON TECH ADS 1,629 2,080
    ING GROUP N V SPONSORED ADR 3,512 3,136
    INGERSOL-RAND PLC 1,243 1,216
    INT'L FLAVORS & FRAGRANCES INC 2,150 2,512
    INTEL CORP 8,320 14,814
    INTERCONTINENTAL HOTELS GROUP 1,944 2,053
    INTERFACE INC CL A 4,222 3,426
    INTERNATIONAL BUSINESS MACHINE 4,579 4,266
    INTL CONSOLIDATED AIRLINES GR 1,475 1,432
    INTUIT 1,003 2,027
    IPG PHOTONICS CORP 2,287 2,496
    JARDEN CORP 7,435 7,997
    JARDINE MATHESON UNS/ADR 4,648 4,828
    JC DECAUX SA. 5,820 5,905
    JOHNSON CONTROLS INC 1,718 1,659
    JP MORGAN CHASE 13,811 15,979
    JULIUS BAER GRUPPE AG 6,735 6,617
    KELLOGG CO 2,361 2,529
    KEYENCE CORPORATION 3,798 4,445
    KIMBERLY CLARK CORP 16,198 19,222
    KINDER MORGAN INC 4,854 2,402
    KINGFISHER PLC 1,184 1,059
    KONINKLIJKE PHILIPS ELECTRONIC 5,815 6,057
    KRAFT HEINZ CO 1,617 1,673
    KROGER CO 17,118 21,040
    KUBOTA CORPORATION 4,506 4,875
    L'AIR LIQUIDE ADR OTC 10,598 10,026
    LAM RESEARCH CORP 22,180 24,461
    LASALLE HOTEL PROP 2,869 2,290
    LINCOLN ELECTRIC HOLDING INC 3,229 2,854
    LINDE AG SPONSORED ADR 4,545 3,896
    LOGMEIN, INC 3,646 3,825
    LOWES COMPANIES INC 19,189 20,835
    LULULEMON ATHLETICA INC 3,556 3,411
    LUXOTTICA GP SPA 3,010 2,919
    LYONDELLBASELL INDUSTRIES NV 2,354 2,433
    MAGELLAN HEALTH SERVICES, INC 1,902 2,466
    MANPOWER GROUP INC 1,241 1,180
    MANULIFE FIN CORP 2,349 2,262
    MARATHON PETROLEUM CORP 2,552 2,799
    MARRIOTT INTERNATIONAL INC 3,763 3,352
    MASTERCARD INC 6,935 7,594
    MAZDA MOTOR CORP 3,628 4,628
    MCCORMICK & CO 1,880 1,968
    MCDONALD'S CORP 3,145 3,780
    MCKESSON CORP 6,968 8,086
    MDU RESOURCES GROUP 1,489 1,612
    MELI HOTELS INTERNATIONAL SA 4,815 4,436
    MENS WEARHOUSE 3,956 1,218
    METLIFE INC 25,462 26,323
    MICHELIN CIE GEN UNSP/ADR 1,407 1,430
    MICROSOFT CORP 19,352 39,724
    MIDDLEBY CORPORATION 4,304 5,501
    MINERAL TECH INC 4,500 3,898
    MITSUBISHI TOKYO FIN 17,887 17,683
    MIZUHO FINANCIAL GRO 9,841 10,100
    MONDELEZ INTERNATIONAL INC 7,552 14,708
    MORGAN STANLEY 1,351 1,241
    MUENCHENER RUECKVERS 1,693 1,799
    NASPERS LIMITED ORD 4,414 4,721
    NATIONAL AUSTRALIA BK LTD 3,633 3,699
    NATIONAL GRID TRANSCO PLC 13,655 14,325
    NEENAH PAPER INC 14,105 14,858
    NEWCREST MINING LTD-SPON ADR 1,155 1,354
    NICE SYSTEMS LTD 1,636 1,548
    NIDEC CORPORATION ADR 7,694 7,588
    NIELSEN HOLDINGS N.V 1,214 1,212
    NIKE INC-CL B 4,516 6,625
    NOKIA 2,464 2,618
    NOMURA HOLDINGS ADR 8,734 7,881
    NORDEA BANK AB SPON ADR 2,277 2,148
    NORDSTROM INC 2,749 1,843
    NORFOLK SOUTHERN CORP 1,696 1,776
    NOVARTIS AG ADR 20,344 18,240
    NOVO NORDISK A S 8,442 8,886
    NVIDIA CORP 1,295 1,318
    NXP SEMICONDUCTORS 5,246 5,139
    OGE ENERGY CORP 1,894 1,840
    OIL STATES INTL INC 1,966 1,853
    OLYMPUS CORP S/ADR 4,449 5,014
    OMNICELL, INC 5,636 5,284
    ONE GAS INC 2,416 2,559
    ONEOK INC 3,243 2,269
    ORACLE CORP 5,634 5,406
    ORIGIN ENERGY LTD AD 1,989 1,384
    ORIX CORP ADS 11,654 12,432
    ORKLA ASA SPON ADR 2,077 2,203
    ORMAT TECHNOLOGIES 4,525 4,559
    OWENS ILLINOIS 2,670 2,143
    PACCAR INC 1,515 1,232
    PACIFIC BIOSCIENCES OF CALIF 1,294 1,707
    PALO ALTO NETWORKS INC 3,108 5,813
    PANASONIC CORP 11,817 11,204
    PANERA BREAD CO. CL. A 4,576 4,870
    PARKER HANNIFIN CP 2,056 1,843
    PAX WORLD GLOBAL GREEN FD INST 145,921 142,960
    PAX WORLD SMALL CAP FD INSTL 145,946 141,414
    PEARSON PLC 2,434 1,477
    PEPSICO INC 20,002 22,282
    PG & E CORP 14,433 15,585
    PIEDMONT NAT GAS CO 1,303 1,996
    PNC FINANCIAL GROUP INC 19,831 20,587
    PORTLAND GEN ELEC 1,867 1,891
    POTASH CORPORATION OF SASKATCH 2,449 1,678
    POWERSHARES DYN BIOTECH & GENO 4,578 4,193
    PRAXAIR INC 2,539 2,458
    PRICELINE.COM INCORPORATED 356 3,825
    PROASSURANCE CORP 526 582
    PROLOGIS 1,393 1,588
    PROSIEBENSAT.1 MEDIA 3,303 3,219
    PRUDENTIAL PLC SC 5,601 5,770
    PT BANK RAKYAT INDONESIA ORDIN 3,363 4,055
    PUBLIC STORAGE INC 1,837 2,229
    PUBLICIS GROUPE S.A 2,022 1,941
    QUALCOMM INC 3,706 2,899
    QUANTA SVCS INC 3,963 3,220
    QUEST DIAGNOSTICS 18,393 19,279
    QUESTAR CP 1,600 1,656
    RAKUTEN INC 6,042 5,394
    RANGOLD RESORCES LTD SO AFRICA 1,384 1,548
    RAYMOND JAMES FINANCIAL INC 19,983 21,913
    REALTY INCOME CORP 7,916 8,571
    REGAL BELOITE CP 778 702
    REINSURANCE GROUP AMER INC 3,056 2,823
    REPSOL YPF S A SPND ADR 4,772 4,174
    RIO TINTO PLC SPONSORED ADR 3,450 2,737
    ROBERT HALF INTL INC 1,150 1,037
    ROCHE HOLDING AG GENUSSCHEIN 2,834 2,579
    ROCHE HOLDING LTD ADR 10,359 10,789
    ROCKWELL AUTOMATION INC 1,701 1,642
    ROYAL BANK OF CANADA 3,097 3,000
    ROYAL BANK SCOTLAND ADS 1,684 1,472
    RYMAN HOSPITALITY PROPERTIES 19,952 19,210
    SALESFORCE.COM 2,287 2,509
    SAMPO INSURANCE COMPANY LTD 6,968 7,155
    SAMPO OYJ UNSPONSORED ADR 5,048 5,111
    SAP AKTIENGESELL ADS 9,234 11,074
    SBA COMMUNICATIONS 994 1,786
    SCHLUMBERGER LTD 19,156 17,577
    SCHNEIDER ELEC UNSP/ADR 4,014 3,630
    SCOTTISH & SOUTHERN ENERGY ADR 4,632 4,653
    SEALED AIR CORP 2,680 2,319
    SEMPRA ENERGY COM 3,996 4,136
    SHERWIN-WILLIAMS CO 1,579 3,115
    SHIP FINC INTL 1,412 1,458
    SIMON PPTY GROUP INC 2,536 2,722
    SINGAPORE TELE ADR 6,229 6,051
    SKYWORKS SOLUTIONS, INC 17,596 16,288
    SMITH & NEPHEW PLC ADR 7,512 7,369
    SMITH A O CORP DEL COM 2,593 2,835
    SOCIETE GENERLE FRNCE ADR 2,055 1,982
    SOLARCITY CORPORATION 2,939 3,112
    SONOCO PRODUCTS COMPANY 2,214 2,248
    SONY CORP ADR 5,333 5,070
    SPECTRA ENERGY CORP-W/I 23,226 19,679
    SPIRAX-SARCO ENGIN 3,480 3,731
    STANLEY BLACK & DECKER INC 20,021 21,026
    STARBUCKS CORP COM 10,352 16,508
    STARWOOD HOTELS & RESORTS 2,809 2,356
    STATOIL ASA ADS 6,752 6,408
    STD CHARTERED PLC SHS 3,529 2,650
    STIFEL FINANCIAL CP 2,750 2,499
    SUN LIFE FINANCIAL INC 1,260 1,217
    SUNPOWER CORP 2,834 3,631
    SUNRISE COMMUNICATIONS GROUP 3,752 3,846
    SUNTRUST BKS INC 19,870 21,249
    SUPERIOR ENERGY SV 2,433 2,182
    SVB FINANCIAL GROUP 5,036 4,875
    SVENSKA CELL AKT SCA ADR 4,765 4,779
    SVENSKA HANDELSBK UNS ADR 6,949 6,917
    SWATCH GROUP AG 3,815 3,464
    SWISS RE LTD ADR 4,585 5,198
    SWISSCOM AG S/ADR 4,551 4,503
    SYMANTEC CORP 740 756
    SYNGENTA AG ADS 3,818 4,330
    T. ROWE PRICE ASSOCIATES 7,102 7,220
    TAIWAN SEMICONDUCTOR MFG CO LT 3,419 3,481
    TANGER FACTORY OUTLT CENREIT 3,101 3,074
    TARGET CORPORATION 25,292 23,961
    TATE & LYLE PLC 1,315 1,386
    TCF FINANCIAL 2,195 2,683
    TEAM HEALTH HOLDINGSINC COM 1,074 790
    TECHNIP ADS 2,819 2,852
    TECO ENERGY INC 1,306 1,306
    TEEKAY CORP 1,650 484
    TEGNA 4,188 3,905
    TELECOM ITALIA ADR 1,473 1,493
    TELEFONICA S A ADR 3,805 3,230
    TELENOR ASA 2,006 1,692
    TELEPHONE & DATA SYS INC 1,441 1,528
    TELSTRA CORPORATION 4,423 4,592
    TEMPLETON GLOBAL BD 124,943 111,776
    TESCO PLC S ADR 1,958 1,588
    TESORO CORP 1,693 1,897
    COCA-COLA CO 9,215 10,267
    HAIN CELESTIAL GROUP, INC 1,222 848
    HERSHEY COMPANY 2,088 2,053
    JM SMUCKER COMPANY 1,741 1,850
    MOSAIC CO 1,297 910
    THERMO FISHER SCIENTIFIC INC 10,500 12,625
    THIRD POINT REINSURANCE LTD 4,091 4,103
    THOMSON REUTERS CORPORATION 1,990 1,893
    TIFFANY & CO 3,185 3,052
    TIME WARNER CABLE INC 2,277 2,227
    TIME WARNER INC 2,382 2,199
    TJX COMPANIES INC 12,759 13,615
    TORONTO DOMINION 8,430 8,343
    TOYOTA MTR CORP 13,616 14,027
    TRANSALTA CORP 1,033 850
    TRAVELERS COMPANIES INC 6,263 17,832
    TUPPERWARE CORP 5,207 5,621
    TWENTY FIRST CENTURY FOX COMPA 2,312 2,363
    U G I CP 1,919 1,924
    UBS AG 6,937 6,663
    UMPQUA HOLDINGS CORPORATION 3,566 4,500
    UNI CHARM CORP ORD F 3,361 3,606
    UNICREDIT SPA 6,565 5,525
    UNILEVER N V N Y 5,960 9,877
    UNION PACIFIC 4,333 3,050
    UNITED NATURAL FOODS, INC 7,322 5,747
    UNITED PARCEL SERVICE 16,188 16,936
    UNITED RENTALS INC 791 1,741
    UNITED UTILITS ADR 4,157 4,274
    UNITEDHEALTH GROUP INC 7,696 7,529
    UNIVERSAL HLTH SVC B 1,897 1,673
    VALEO SA SPONS ADR 1,734 2,013
    VALERO ENERGY CORP 19,641 22,981
    VANGUARD SHORT-TERM FEDERAL FD 1,808,303 1,790,661
    VECTREN CORP 1,337 1,442
    VEOLIA ENVIRONN ADS 9,517 9,837
    VERIZON COMMUNICATIONS 18,472 18,442
    VESTAS WIND SYS UNSP/ADR 2,020 2,676
    VINCI SA ADR 3,351 3,274
    VISA INC 10,046 16,828
    VIVENDI SA 3,194 2,861
    W. P. CAREY INC 5,267 5,192
    WABTEC 5,468 4,409
    WAL-MART STORES INC 5,084 4,843
    WALT DISNEY HOLDINGS CO 7,250 7,356
    WATERS CORP 9,719 10,497
    WELLS FARGO & CO 24,608 24,571
    WEST PHARMA SVCS INC 1,493 1,566
    WESTERN REFINING INC 1,068 891
    WESTPAC BANKING CP 4,623 5,161
    WHITEWAVE FOODS COMPANY 3,277 2,763
    WILEY JOHN & SONS INC CL A 3,202 2,792
    WILLIAMS COS 3,053 1,799
    WISDOMTREE INVTS INC 4,184 3,528
    WOLSELEY PLC ADR 9,537 8,037
    WOLVERINE WORLDWIDE 3,711 2,707
    WPP GROUP PLC 4,276 4,704
    XYLEM INC 2,629 2,884
    YAHOO! INC 1,771 1,896
    YARA INTERNATIONAL ASA 1,865 1,844
    YUM BRANDS INC 1,732 1,534
    ZENDESK INC 3,664 3,940
    ZURICH INS GROU ADR 5,990 5,639

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    Gerald & Janet Carrus Foundation
    EIN:
    13-3929249
    US Government Securities - End of Year Book Value:

    205,854
    US Government Securities - End of Year Fair Market Value:

    204,425
    State & Local Government Securities - End of Year Book Value:


    235,867
    State & Local Government Securities - End of Year Fair Market Value:


    266,441


    TY 2015 InvestmentsOtherSchedule2
    Name:
    Gerald & Janet Carrus Foundation
    EIN:
    13-3929249
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ALLIANCEBERNSTEIN HLDG LP   3,737 3,315
    ENTERPRISE PRODUCTS PARTNERS L   9,053 8,978
    MAGELLAN MIDSTREAM PARTNERS LP   7,278 7,879

    TY 2015 LiquidationExplanationStmt
    Name:
    Gerald & Janet Carrus Foundation
    EIN:
    13-3929249
    Statement:
    This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2015, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $3,283,500. This amount represents over 25% of the Foundation's net assets of $9,820,261 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2015. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a; each such grant was made solely for the charitable purpose specified therein.


    TY 2015 LegalFeesSchedule
    Name:
    Gerald & Janet Carrus Foundation
    EIN:
    13-3929249
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    General Consultations 6,777     6,777


    TY 2015 OtherExpensesSchedule
    Name:
    Gerald & Janet Carrus Foundation
    EIN:
    13-3929249
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 6,124     6,124
    Administrative Set-Up Fee 4,500     4,500
    Bank Charges 153 153    
    Foundation Dues & Memberships 3,000     3,000
    CREDIT CARD FEE 78     78
    K-1 Exp ALLIANCEBERNSTEIN HLDG 11      
    Postage/Delivery Service 6     6
    State or Local Filing Fees 102     102


    TY 2015 OtherIncomeSchedule2
    Name:
    Gerald & Janet Carrus Foundation
    EIN:
    13-3929249
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 Inc/Loss ALLIANCEBERNSTEIN HLDG LP 32 1  
    K-1 Inc/Loss ENTERPRISE PRODUCTS PARTNERS LP -423 -7  
    K-1 Inc/Loss MAGELLAN MIDSTREAM PARTNERS LP -109    
    K-1 Inc/Loss MPLX LP -10    
    sec 751 gain on sale mplx lp 12    


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    Gerald & Janet Carrus Foundation
    EIN:
    13-3929249
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 61,497 61,497    


    TY 2015 TaxesSchedule
    Name:
    Gerald & Janet Carrus Foundation
    EIN:
    13-3929249
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2015 21,000      
    Foreign Tax Paid 551 551