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
SKYEMAR FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)3905 BRADLEY LN
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHEVY CHASE, MD208155240
A Employer identification number

26-1605692
B Telephone number (see instructions)

(240) 482-8911
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$1,803,142J 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) 162,112
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 11,245 11,245 11,245
4 Dividends and interest from securities... 43,810 43,810 43,810
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -18,648
b Gross sales price for all assets on line 6a 366,801
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 198,519 55,055 55,055
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 1,865 1,865    
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 3,538 3,538    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 557 557    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 5,960 5,960   0
25 Contributions, gifts, grants paid....... 71,150 71,150
26 Total expenses and disbursements. Add lines 24 and 25 77,110 5,960   71,150
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 121,409
b Net investment income (if negative, enter -0-) 49,095
c Adjusted net income (if negative, enter -0-)... 55,055
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............. 45,936 14,641 14,641
2 Savings and temporary cash investments......... 106,411 18,400 18,400
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 770,717 Click to see attachment791,352 893,555
c Investments—corporate bonds (attach schedule)....... 192,746 Click to see attachment192,746 214,275
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 467,876 Click to see attachment687,956 662,271
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,583,686 1,705,095 1,803,142
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.................. 1,583,686 1,705,095
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)..... 1,583,686 1,705,095
31 Total liabilities and net assets/fund balances (see instructions). 1,583,686 1,705,095
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
1,583,686
2
Enter amount from Part I, line 27a .....................
2
121,409
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
1,705,095
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
1,705,095
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 1700 SHS APOLLO COML RE P 2013-04-10 2015-01-09
b 1045.661 SHS VANGUARD SELECTED VALUE P 2014-04-23 2015-11-17
c 1500 SHS ARES CAPITAL CORP P 2013-06-21 2015-01-09
d ADJUSTMENTS TO CAPITAL GAINS P 2014-01-01 2015-12-31
e 1700 SHS ALLIANCE BERNSTEIN GLOBAL P 2013-06-21 2015-01-09
1300 SHS PRUDENTAL SHRT DURATION P 2013-06-21 2015-01-09
500 SHS HSBC HLDG PLC P 2014-09-26 2015-03-11
2000 SHS THL CREDIT INC. P 2013-04-10 2015-03-11
800 SHS THREE D SYSTEMS P 2015-01-09 2015-06-05
800 SHS KINDER MORGAN INC P 2013-01-29 2015-11-20
750 SHS KINDER MORGAN INC P 2015-06-05 2015-11-20
545 SHS VODAFONE P 2013-04-10 2015-11-20
450 SHS WAL-MART STORES P 2010-03-12 2015-11-20
400 SHS WAL-MART STORES P 2011-01-10 2015-11-20
74.08 MATTHEWS ASIAN GROWTH & INCOME P 2015-01-01 2015-11-17
59.443 VANGUARD SELECTED VALUE INVES P 2014-12-17 2015-11-17
1566.959 SHS MATTHEWS ASIAN GROWTH & P 2014-10-01 2015-11-17
(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 27,868   29,948 -2,080
b 28,923   30,134 -1,211
c 23,560   24,913 -1,353
d 127     127
e 21,069   24,438 -3,369
21,085   24,251 -3,166
20,935   26,630 -5,695
25,123   29,888 -4,765
17,265   25,975 -8,710
18,819   29,897 -11,078
17,643   30,529 -12,886
18,347   29,394 -11,047
27,140   24,602 2,538
24,124   21,572 2,552
1,270   1,425 -155
1,644   1,706 -62
26,858   30,147 -3,289
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       -2,080
b       -1,211
c       -1,353
d       127
e       -3,369
      -3,166
      -5,695
      -4,765
      -8,710
      -11,078
      -12,886
      -11,047
      2,538
      2,552
      -155
      -62
      -3,289
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 -18,648
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 -27,508
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      
2013      
2012      
2011      
2010      
2
Total of line 1, column (d) .....................
2  
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
 
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
 
5
Multiply line 4 by line 3......................
5
 
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
 
7
Add lines 5 and 6........................
7
 
8
Enter qualifying distributions from Part XII, line 4.............
8
 
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 1 982
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........................... 3 982
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- ..... 5 982
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a  
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  
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 22
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 1,004
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   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
 
 
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)
    bullet
    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 ofbulletBRUCE H MACLEOD Telephone no.bullet (240) 482-8911

    Located atbullet3905 BRADLEY BLVDCHEVY CHASEMD ZIP+4bullet20815
    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
    BRUCE H MACLEOD DIRECTOR
    2.00     		0 0 0
    3905 BRADLEY LANE
    CHEVY CHASE,MD20815
    CARLA B MACLEOD DIRECTOR
    2.00     		0 0 0
    3905 BRADLEY LANE
    CHEVY CHASE,MD20815
    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
    1,149,847
    b
    Average of monthly cash balances.......................
    1b
    182,256
    c
    Fair market value of all other assets (see instructions)................
    1c
    577,456
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,909,559
    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
    1,909,559
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    28,643
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,880,916
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    94,046
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    94,046
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    982
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    982
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    93,064
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    93,064
    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
    93,064
    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
    71,150
    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
    71,150
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    71,150
    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 93,064
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 19,475
    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$ 71,150
    a Applied to 2014, but not more than line 2a 19,475
    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..... 51,675
    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 ..........     		41,389
    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:
    BRUCE H MACLEOD
    3905 BRADLEY BLVD
    CHEVY CHASE,MD20815
    (240) 482-8911
    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
    SPS ALUMNI FUND
    325 PLEASANT ST
    CONCORD,NH03301     		NONE 501(C)(3) CHARITABLE - NO RESTRICTIONS 2,000
    FOREST TRENDS
    1203 19TH ST NW
    WASHINGTON,DC20036     		NONE 501(C)(3) CHARITABLE - NO RESTRICTIONS 500
    HABITAT FOR HUMANITY
    121 HABITAT STREET
    AMERICUS,GA31709     		NONE 501C3 CHARITABLE - NONE 150
    YALE ALUMNI ASSOCIATION
    PO BOX 1890
    NEW HAVEN,CT06508     		NONE   CHARITABLE - NONE 10,000
    CAMP KABEYUN
    43 CAMP KABEYUN
    ALTON BAY,NH03810     		NONE   CHARITABLE - NONE 1,500
    ACLU
    125 BROAD STREET
    NEW YORK,NY10023     		NONE 501C3 CHARITABLE - NONE 150
    CHESAPEAKE BAY FOUNDATION
    725 8TH ST SE
    WASHINGTON,DC20003     		NONE 501C3 CHARITABLE - NONE 150
    COLUMBUS BUSINESS SCHOOL
    33 WEST 60TH ST
    NEW YORK,NY10023     		NONE 501C3 CHARITABLE - NONE 250
    INTERNATIONAL COLLEGE OF BEIRUT
    215 PARK AVE S 2016
    NEW YORK,NY10003     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 250
    WORLD RESOURCE INSTITUTE
    10 G STREET NE
    WASHINGTON,DC20002     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 150
    WAMU
    4400 MASSACHUSETTS AVE NW
    WASHINGTON,DC20016     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 250
    TRUSTEES OF TUFTS COLLEGE
    419 BOSTON AVE
    MEDFORD,MA02155     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 250
    HOLTON ARMS ANNUAL FUND
    7303 RIVER ROAD
    BETHESDA,MD20817     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 250
    THE NATURE CONSERVANCY
    4245 NORTH FAIRFAX DR
    ARLINGTON,VA22203     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 1,000
    VIRGINIA OUTDOORS
    39 GARRETT ST
    WARRENTON,VA20186     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 250
    ALHEIMER'S FOUNDATION
    322 8TH AVE
    NEW YORK,NY10001     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 500
    WORLD WILDLIFE FUND
    1250 24TH ST NW
    WASHINGTON,DC20090     		NONE 501C3 CHARITABLE - NONE 1,000
    NATIONAL PARK CONSERVATION
    777 6TH ST NW
    WASHINGTON,DC20001     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 1,000
    WETA
    3939 CAMPBELL AVE
    ARLINGTON,VA22206     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 250
    BHUTAN FOUNDATION
    2100 PENNSYLVANIA AVE NW
    WASHINGTON,DC20037     		NONE 501C3 CHARITABLE - NO RETRICTIONS 500
    THE KREEGER MUSEUM
    2401 FOXHALL RD NW
    WASHINGTON,DC20007     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 500
    CHILDREN'S HOSPITAL
    111 MICHIGAN AVE
    WASHINGTON,DC20010     		NONE 501C3 CHARITABLE - NO RESTICTIONS 250
    NEW FUTURES
    1965 BILTMORE ST
    WASHINGTON,DC20009     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 250
    CITIZENS FOR FAUQUIER COUNTY
    PO BOX 3486
    WARRENTON,VA20188     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 1,000
    NATIONAL AUDUBON SOCIETY
    225 VARICK ST
    NEW YORK,NY10014     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 250
    ORLEAN VOLUNTEER FIRE AND RESCUE
    6838 LEEDS MANOR RD
    ORLEAN,VA20128     		NOE 501C3 CHARITABLE - NO RESTRICTIONS 150
    FAUQUIER SPCA
    PO BOX 733
    WARRENTON,VA20188     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 500
    PIEDMONT ENVIROMENT COUNCIL
    45 HORNER ST
    WARRENTON,VA20186     		NONE 501C3 CHARITABLE - NO RESTICTIONS 1,000
    NATIONAL TRUST FOR HISTORIC PRESERV
    1785 MASSACHUSETTS AVE
    WASHINGTON,DC20036     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 10,000
    NATIONAL RESOURCE DEFENSE COUNCIL
    40 W 20TH ST
    NEW YORK,NY10011     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 2,500
    RED CROSS
    8550 ARLINGTON BLVD
    FAIRFAX,VA22031     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 1,000
    HOSPITAL FOR SPECIAL SURGERY
    PO BOX 209174
    NEW YORK,NY10087     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 500
    CANTER USA
    8619 EDGEWATER PARK DR
    COMMERCE TOWNSHIP,MI48382     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 1,000
    ENVIROMENTAL DEFENSE FUND
    1875 CONNECTICUT AVE
    WASHINGTON,DC20009     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 10,000
    INTERCONNECTION 21
    PO BOX 960
    WILSON,WY83014     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 500
    PIH
    888 COMMONWEALTH AVE
    BOSTON,MA02215     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 500
    GREENDOOR
    1221 TAYLOR ST NW
    WASHINGTON,DC20011     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 500
    ANNE K TAYLOR FUND
    2724 ARVIN RD
    BILLINGS,MT59102     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 1,000
    BETHESDA CHEVY CHASE RESCUE SQUAD
    5020 BATTERY LANE
    BETHESDA,MD20814     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 150
    LANDON ANNUAL DRIVE
    6101 WILSON LANE
    BETHESDA,MD20817     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 250
    BRADY UROLOGICAL INSTITUTE
    100 N CHARLES ST
    BALTIMORE,MD21201     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 2,500
    WILD AID
    744 MONTGOMERY STREET
    SAN FRANCISCO,CA94111     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 1,000
    BIG CAT RESCUE
    12802 EASY ST
    TAMPA,FL33625     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 1,000
    BISHOP WALKER
    3640 MLK JR AVE SE
    WASHINGTON,DC20032     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 1,500
    WILDNET
    209 MISSISSIPPI ST
    SAN FRANCISCO,CA94107     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 1,000
    WIKIMEDIA
    149 NEW MONTGOMERY ST
    SAN FRANCISCO,CA94105     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 1,000
    K9 LIFESAVERS DOG RESCUE
    34 ROLLINGSIDE DR
    FREDERICKBURG,VA22406     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 500
    DOGS END
    1372 WOODBINE RD
    WOODBINE,MD21797     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 1,000
    WOMANITY FOUNDATION
    10 ROCKEFELLER PLAZA
    NEW YORK,NY10020     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 1,000
    DOCTORS WITHOUT BORDERS
    333 7TH AVE
    NEW YORK,NY10001     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 5,000
    KENNEDY CENTER
    2700 F STREET NW
    WASHINGTON,DC20566     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 500
    WHITE ROSE FOUNDATION
    BNOX 143309 LAS COLINAS S
    IRVING,TX75014     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 1,000
    FRIENDS OF THE EARTH
    1101 15TH ST NW
    WASHINGTON,DC20005     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 1,000
    NATIONAL WILDLIFE FEDERATION
    PO BOX 1583
    MERRIFIELD,VA221161583     		NONE 501C3 CHARITABLE - NO RESTRICTIONS 1,000
    Total .................................bullet 3a 71,150
    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 ...........     		        11,245
    4 Dividends and interest from securities....         43,810
    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 ............     		        -18,648
    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)..     36,407
    13Total. Add line 12, columns (b), (d), and (e)..................
    1336,407
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2015
    Name of the organization
    SKYEMAR FOUNDATION
     
    Employer identification number

    26-1605692
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2
    Name of organization
    SKYEMAR FOUNDATION
          		Employer identification number
    26-1605692
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    BRUCE H MACLEOD  
    3905 BRADLEY LANE
     
    CHEVY CHASE, MD20815

    		$ 162,111


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 3
    Name of organization
    SKYEMAR FOUNDATION
          		Employer identification number

    26-1605692
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 2261.579 SHS PRIMECAP ODYSSEY GR $ 62,442 2015-12-30
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 3040.554 SHS PRIMECAP ODYSSEY AG $ 99,669 2015-01-23
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 4
    Name of organization
    SKYEMAR FOUNDATION
          		Employer identification number

    26-1605692
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2015 AccountingFeesSchedule
    Name:
    SKYEMAR FOUNDATION
    EIN:
    26-1605692
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION 1,865 1,865    

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    SKYEMAR FOUNDATION
    EIN:
    26-1605692
    Name of Bond End of Year Book Value End of Year Fair Market Value
    1000 DUETSCHE BANK CONTINGENT 24,250 27,160
    2500 MERRILL LYNCH 7.28% 50,295 62,800
    1000 HSBC HOLDING 25,000 26,070
    35000 AIG 8.175 FIX ED 41,911 46,025
    1000 KKR FINANCIAL HOLDINGS 8. 26,550 26,470
    1000 QWEST CORPORATION 24,740 25,750

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    SKYEMAR FOUNDATION
    EIN:
    26-1605692
    Name of Stock End of Year Book Value End of Year Fair Market Value
    900 SHS VERIZON COMMUNICATIONS 24,882 41,598
    1057 SELECT SECTOR SPDR 30,582 45,747
    300 SHS CHEVRON CORP 25,494 26,988
    1100 SHS CONAGRA FOOD INC 24,588 46,376
    400 SHS JOHNSON & JOHNSON 25,929 41,088
    200 SHS CHEVRON CORP 18,149 17,992
    405 SHS JPMORGAN CHASE 18,899 26,742
    400 SHS WALMART STORES    
    400 SHS NOVARTIS 22,548 34,416
    1300 SHS PRUDENTIAL ST DURATION    
    1700 SHS ALLIANCE BERNSTEIN    
    450 SHS WALMART STORES    
    525 SHS APPLE 24,820 55,262
    550 SHS JPMORGAN CHASE 24,885 36,317
    1500 SHS ARES CAPITAL CORP    
    400 SHS UPS 25,158 38,492
    1000 SHS GE 25,679 31,150
    500 SHS HSBC HLDINGS    
    250 SHS CUMMINS INC. 29,126 22,003
    1000 SHS VODAFONE    
    263 SHS VERIZON    
    2000 SHS THL CREDIT    
    800 SHS KINDER MORGAN    
    1700 SHS APOLLO COML REAL ESTATE    
    560 SHS APPLE 40,347 58,946
    5000 SHS BANCO SANTANDER SA 42,191 24,350
    1000 SHS MARKET VECTOR 50,285 46,490
    3000 SHS ALPS ALERIAN MLP 51,465 36,150
    113 SHS BANCO SANTANDER SA ADR 826 550
    111 SHS BANCO SANTANDER SA ADR 860 541
    4000 SHS BANCO SANTANDER SA ADR 29,040 19,480
    89 SHS BANCO SANTANDER SA ADR 494 433
    1100 SHS DOW CHEMICAL 48,820 56,628
    75 SHS JOHNSON & JOHNSON 7,755 7,704
    300 SHS NOVARTIS ADR 30,427 25,812
    400 SHS NOVARTIS ADR 35,495 34,416
    300 SHS SCHLUMBERGER LTD 24,397 20,925
    300 SHS SCHLUMBERGER LTD 23,479 20,925
    300 SHS SCHLUMBERGER LTD 23,330 20,925
    1900 SHS SPECTRA ENERGY CORP 50,914 45,486
    100 SHS UNITED PARCEL SVC 10,488 9,623

    TY 2015 InvestmentsOtherSchedule2
    Name:
    SKYEMAR FOUNDATION
    EIN:
    26-1605692
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BUFFALO SMALL CAP FUND AT COST 70,461 54,417
    DODGE & COX BALANCE AT COST 32,694 30,967
    FIDELITY CONTRAFUND AT COST 82,268 96,962
    FIDELITY DISCOVERY AT COST 49,997 54,256
    FIDELITY SELECT AT COST 66,033 70,152
    HOTCHKIS & WILEY VALUE AT COST 61,090 48,652
    JANUS CONTRARIAN FUND AT COST 56,217 44,752
    MATTHEW ASIAN GROWTH AT COST    
    OAKMARK GLOBAL SELECT AT COST 54,397 50,857
    VANGUARD SELECTED AT COST    
    PRIMECAP ODYSSEY GROWTH FUND AT COST 62,442 61,786
    PRIMECAP ODYSSEY AGGRESSIVE GROWTH AT COST 99,669 98,514
    VANGUARD HEALTH CARE INVESTOR   52,688 50,956

    TY 2015 OtherExpensesSchedule
    Name:
    SKYEMAR FOUNDATION
    EIN:
    26-1605692
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    INVESTMENT EXPENSES - ACCOUNT 300 300    
    MISCELLANOUS EXPENSES 257 257    


    TY 2015 TaxesSchedule
    Name:
    SKYEMAR FOUNDATION
    EIN:
    26-1605692
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL INCOME TAX 3,280 3,280    
    FOREIGN TAXES 258 258