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
RAY & KAY ECKSTEIN CHARITABLE TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)4965 VILLAGE SQUARE DRIVE NO A
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PADUCAH, KY42001
A Employer identification number

39-6786592
B Telephone number (see instructions)

(270) 534-8930
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$95,309,650J Accounting method:
modified cash
(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) 25,000,000
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 2,111 2,111  
4 Dividends and interest from securities... 2,275,305 2,253,504  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,003,706
b Gross sales price for all assets on line 6a 44,626,149
7 Capital gain net income (from Part IV, line 2)... 2,221,139
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 563 151,461  
12 Total. Add lines 1 through 11........ 29,281,685 4,628,215  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 234,137 117,068   117,069
15 Pension plans, employee benefits....... 28,356 14,178   14,178
16a Legal fees (attach schedule)......... Click to see attachment 12,974 0   12,974
b Accounting fees (attach schedule)....... Click to see attachment 14,187 7,094   7,093
c Other professional fees (attach schedule).... Click to see attachment 382,303 375,454   6,849
17 Interest............... 769 1,221   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 112,121 47,145   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 14,845 7,423  
20 Occupancy.............. 56,105 28,052   28,053
21 Travel, conferences, and meetings....... 13,785 6,892   6,893
22 Printing and publications.......... 851 425   426
23 Other expenses (attach schedule)....... Click to see attachment 47,918 58,871   22,600
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 918,351 663,823   216,135
25 Contributions, gifts, grants paid....... 869,065 869,065
26 Total expenses and disbursements. Add lines 24 and 25 1,787,416 663,823   1,085,200
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 27,494,269
b Net investment income (if negative, enter -0-) 3,964,392
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............. 26,425 31,980 31,980
2 Savings and temporary cash investments......... 866,322 2,405,861 2,405,861
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) 4,734,079 Click to see attachment1,755,260 1,755,260
b Investments—corporate stock (attach schedule)....... 35,814,694 Click to see attachment49,961,533 49,961,533
c Investments—corporate bonds (attach schedule)....... 14,974,555 Click to see attachment19,116,893 19,116,893
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 17,564,143 Click to see attachment21,439,215 21,439,215
14 Land, buildings, and equipment: basis bullet93,937
Less: accumulated depreciation (attach schedule) bullet35,029 53,171 Click to see attachment58,908 58,908
15 Other assets (describe bullet) Click to see attachment163,930 Click to see attachment540,000 Click to see attachment540,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 74,197,319 95,309,650 95,309,650
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) Click to see attachment6,638 Click to see attachment10,430
23 Total liabilities (add lines 17 through 22)......... 6,638 10,430
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........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 74,190,681 95,299,220
30 Total net assets or fund balances (see instructions)..... 74,190,681 95,299,220
31 Total liabilities and net assets/fund balances (see instructions). 74,197,319 95,309,650
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
74,190,681
2
Enter amount from Part I, line 27a .....................
2
27,494,269
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
101,684,950
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
6,385,730
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
95,299,220
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 PARTNERSHIP GAINS/(LOSSES) FROM SCHEDULE K-1'S      
c CAPITAL GAINS DIVIDENDS P    
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 44,381,017   42,405,010 1,976,007
b 217,433     217,433
c 27,699     27,699
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       1,976,007
b       217,433
c       27,699
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 2,221,139
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 3,365,602 73,248,499 0.045948
2013 2,897,975 67,099,592 0.043189
2012 2,716,634 51,134,042 0.053128
2011 2,502,186 51,470,915 0.048614
2010 2,453,574 50,906,817 0.048197
2
Total of line 1, column (d) .....................
20.239076
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
0.047815
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
94,043,166
5
Multiply line 4 by line 3......................
5
4,496,674
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
39,644
7
Add lines 5 and 6........................
7
4,536,318
8
Enter qualifying distributions from Part XII, line 4.............
8
3,638,864
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 79,288
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 79,288
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 79,288
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 74,690
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 26,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 100,690
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 63
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 21,339
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet21,339 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
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
 
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)
    bulletWI, KY
    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 addressbulletECKSTEINCHARITY.ORG
    14
    The books are in care ofbulletLAURIE LATHAM Telephone no.bullet (270) 534-8930

    Located atbullet4965 VILLAGE SQUARE DRIVE SUITE APADUCAHKY ZIP+4bullet42001
    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
    RAY A ECKSTEIN TRUSTEE
    10.00     		0 0 0
    P O BOX 7606
    PADUCAH,KY420027606
    KATHRYN A ECKSTEIN TRUSTEE
    1.00     		0 0 0
    P O BOX 7606
    PADUCAH,KY420027606
    CYNTHIA L ERICKSON-ZANINOVICH TRUSTEE
    1.00     		0 0 0
    P O BOX 7606
    PADUCAH,KY420027606
    SUSAN F HOMRA TRUSTEE
    1.00     		0 0 0
    P O BOX 7606
    PADUCAH,KY420027606
    TERESA R ECKSTEIN TRUSTEE
    10.00     		0 0 0
    P O BOX 7606
    PADUCAH,KY420027606
    JOHN P ECKSTEIN TRUSTEE
    1.00     		0 0 0
    P O BOX 7606
    PADUCAH,KY420027606
    RAYMOND A ECKSTEIN JR TRUSTEE
    1.00     		0 0 0
    P O BOX 7606
    PADUCAH,KY420027606
    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
    DOREEN M HAHN OPERATIONS MANAGER
    30.00     		93,318 2,950 0
    P O BOX 7606
    PADUCAH,KY420027606
    HEATHER J BAER FOUNDATION RELATIONS
    40.00     		75,244 2,093 0
    P O BOX 7606
    PADUCAH,KY420027606
    LAURIE LATHAM EXECUTIVE DIRECTOR
    40.00     		60,575 1,575 0
    P O BOX 7606
    PADUCAH,KY420027606
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    GOLDMAN SACHS ASSET MANAGEMENT INVESTMENT MANAGEMENT 368,605
    71 S WACKER DR
    CHICAGO,IL60606
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 THE RAY & KAY ECKSTEIN CHARITABLE TRUST HAS AGREED TO LOAN UP TO $3,000,000 TO THE RAY A. AND KATHRYN A. ECKSTEIN VILLAGE OF CASSVILLE CHARITABLE SUPPORT TRUST. THE PURPOSE OF THE LOAN IS TO DISTRIBUTE FUNDS TO THE VILLAGE OF CASSVILLE, WISCONSIN FOR THE CONSTRUCTION OF A NEW MUNICIPAL SWIMMING POOL FACILITY. DURING 2015, $2,553,664 WAS DISTRIBUTED TO THE SUPPORT TRUST. 2,553,664
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet2,553,664
    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
    90,300,150
    b
    Average of monthly cash balances.......................
    1b
    5,145,691
    c
    Fair market value of all other assets (see instructions)................
    1c
    29,454
    d
    Total (add lines 1a, b, and c).........................
    1d
    95,475,295
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    95,475,295
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,432,129
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    94,043,166
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    4,702,158
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    4,702,158
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    79,288
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    79,288
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,622,870
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    4,622,870
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    4,622,870
    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
    1,085,200
    b
    Program-related investments—total from Part IX-B..................
    1b
    2,553,664
    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
    3,638,864
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    3,638,864
    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 4,622,870
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 2,848,271
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 3,638,864
    a Applied to 2014, but not more than line 2a 2,848,271
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 790,593
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2015. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		3,832,277
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    RAY A ECKSTEIN
    KATHRYN A ECKSTEIN
    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:
    APPLICATIONS MUST BE SUBMITTED ONLI
    WWWECKSTEINCHARITYORG
    PADUCAH,KY42001
    (270) 534-8930
    INFO@ECKSTEINCHARITY.ORG
    bThe form in which applications should be submitted and information and materials they should include:
    FOR 2016 THE FOUNDATION HAS ENTERED INTO COMMITMENTS THAT HAVE CAUSED ALL OF ITS AVAILABLE GRANT FUNDS TO BE FULLY UTILIZED. SUBMIT REQUESTS FOR 2017 FUNDING ONLINE & INCLUDE IRS DETERMINATION LETTER. THE REQUIRED GRANT APPLICATION AND RELATED MATERIALS IS LISTED ON THE WEBSITE: WWW.ECKSTEINCHARITY.ORG
    cAny submission deadlines:
    APPLICATION DEADLINES AND OTHER RELATED TIMELINES ARE POSTED ON THE WEBSITE: WWW.ECKSTEINCHARITY.ORG
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRANT REQUESTS SHOULD SUPPORT AT LEAST ONE OF THE FOLLOWING CORE VALUES: CATHOLIC/FAITH BASED, HUMAN NEEDS, EDUCATION, FAMILIES, AND VIBRANT COMMUNITIES.
    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
    CLARKE UNIVERSITY
    1550 CLARKE DRIVE
    DUBUQUE,IA52001     		NONE PC TO ENHANCE EDUCATION 2,500
    COMMUNITY MINISTRIES INC
    1200 JEFFERSON STREET
    PADUCAH,KY42001     		NONE PC INDIGENT CARE 280,000
    GRANT COUNTY FAIR ASSOCIATION
    12722 COUNTY ROAD V
    GLEN HAVEN,WI53810     		NONE PC TO ENHANCE EDUCATION 30,000
    KNIGHTS OF COLUMBUS
    723 E 5TH AVENUE
    CALVERT CITY,KY42029     		NONE PC TO ENHANCE EDUCATION 2,000
    LOURDES FOUNDATION INC
    1530 LONE OAK ROAD
    PADUCAH,KY42001     		NONE PC TO IMPROVE HEALTH CARE 300,565
    MILWAUKEE CATHOLIC HOMES INC
    2462 N PROSPECT AVE
    MILWAUKEE,WI53211     		NONE PC RELIGIOUS MISSION WORK 15,000
    OSCAR CROSS BOYS & GIRLS CLUB INC
    PO BOX 203
    PADUCAH,KY420020203     		NONE PC INDIGENT CARE 25,000
    PADUCAH LIFELINE MINISTRIES INC
    PO BOX 7652
    PADUCAH,KY420027652     		NONE PC RELIGIOUS MISSION WORK 25,000
    SALVATION ARMY OF PADUCAH
    2990 TRIMBLE STREET
    PADUCAH,KY42001     		NONE PC INDIGENT CARE 20,000
    SCHOOLS FOR HAITI INC
    301 WIOTA STREET
    CASSVILLE,WI53806     		NONE PC RELIGIOUS MISSION WORK 50,000
    SEAMEN'S CHURCH INSTITUTE
    PO BOX 3434
    NEW YORK,NY100083434     		NONE PC RELIGIOUS PURPOSE 50,000
    ST CATHERINE SCHOOL
    5101 W CENTER ST
    MILWAUKEE,WI53210     		NONE PC RELIGIOUS MISSION WORK 1,500
    STONEHILL FRANCISCAN SERVICES
    3485 WINDSOR AVENUE
    DUBUQUE,IA52001     		NONE PC TO IMPROVE HEALTH CARE 10,000
    THE PIARIST FATHERS- US & PUERTO RICO
    PO BOX 11822
    FORT LAUDERDALE,FL33339     		NONE PC RELIGIOUS MISSION WORK 15,000
    UNIVERSITY OF WI-PLATTEVILLE
    ONE UNIVERSITY PLAZA
    PLATTEVILLE,WI53818     		NONE PC TO ENHANCE EDUCATION 2,500
    VILLAGE OF CASSVILLE
    100 W AMELIA STREET
    CASSVILLE,WI53806     		NONE PC PUBLIC HEALTH AND SAFETY 40,000
    Total .................................bullet 3a 869,065
    bApproved for future payment
    CATHOLIC BISHOPS OF NORTHERN ALASKA
    1316 PEGER ROAD
    FAIRBANKS,AK99709     		NONE PC RELIGIOUS MISSION WORK 25,000
    CENTER FOR THE DEAF & HARD OF HEARING
    10243 WEST NATIONAL AVE
    WEST ALLIS,WI53227     		NONE PC TO IMPROVE HEALTH CARE 25,000
    CLARETIAN MISSIONARIES
    205 WEST MONROE STREET
    CHICAGO,IL60606     		NONE PC RELIGIOUS MISSION WORK 25,000
    DIVINE WORD MISSIONARIES
    1835 WAUKEGAN ROAD
    TECHNY,IL60082     		NONE PC RELIGIOUS MISSION WORK 25,000
    GIDEON PRODUCTIONS
    515 E 22ND ST
    OWENSBORO,KY42303     		NONE PC RELIGIOUS PURPOSES 4,000
    LOURDES FOUNDATION INC
    1530 LONE OAK ROAD
    PADUCAH,KY42001     		NONE PC TO IMPROVE HEALTH CARE 599,235
    MINISTRY OF THE GOOD SHEPHERD
    398 NW 35TH PLACE
    BOCA RATON,FL33431     		NONE PC RELIGIOUS MISSION WORK 25,000
    MISSIONARY SOCIETY OF ST COLUMBAN
    1902 CALHOUN STREET
    BELLEVUE,NE68005     		NONE PC RELIGIOUS MISSION WORK 25,000
    ROADS TO LIFE TANZANIA
    3035 OSMUNDSEN ROAD
    FITCHBURG,WI53711     		NONE PC RELIGIOUS MISSION WORK 40,000
    SALVATION ARMY OF PADUCAH
    2990 TRIMBLE STREET
    PADUCAH,KY42001     		NONE PC INDIGENT CARE 40,000
    SCHOOLS FOR HAITI INC
    301 WIOTA STREET
    CASSVILLE,WI53806     		NONE PC RELIGIOUS MISSION WORK 25,000
    SEAMEN'S CHURCH INSTITUTE
    PO BOX 3434
    NEW YORK,NY100083434     		NONE PC RELIGIOUS PURPOSE 100,000
    ST CHARLES BORROMEO CATHOLIC CHURCH
    605 DEWEY ST
    CASSVILLE,WI53806     		NONE PC RELIGIOUS MISSION WORK 20,000
    ST FRANCIS MISSION
    350 S OAK STREET
    ST FRANCIS,SD575720449     		NONE PC RELIGIOUS MISSION WORK 25,000
    ST JOSEPH'S INDIAN SCHOOL
    1301 N MAIN STREET
    CHAMBERLAIN,SD57325     		NONE PC RELIGIOUS MISSION WORK 25,000
    ST PATRICK'S MISSIONARY SOCIETY
    8422 W WINDSOR
    CHICAGO,IL60656     		NONE PC RELIGIOUS MISSION WORK 25,000
    STONEHILL FRANCISCAN SERVICES
    3485 WINDSOR AVENUE
    DUBUQUE,IA52001     		NONE PC TO IMPROVE HEALTH CARE 50,000
    THE PIARIST SCHOOL
    RTE 80 P O BOX 870
    MARTIN,KY41649     		NONE PC RELIGIOUS MISSION WORK 25,000
    VILLAGE OF CASSVILLE
    100 W AMELIA STREET
    CASSVILLE,WI53806     		NONE PC PUBLIC HEALTH AND SAFETY 740,000
    WIS PROVINCE OF THE SOCIETY OF JESUS
    3400 WEST WISCONSIN AVENUE
    MILWAUKEE,WI53208     		NONE PC RELIGIOUS MISSION WORK 25,000
    WISCONSIN HISTORICAL FOUNDATION INC
    816 STATE ST
    MADISON,WI537061417     		NONE PC EDUCATIONAL PURPOSES 25,000
    XAVERIAN MISSIONARY FATHERS
    4500 XAVIER DRIVE
    FRANKLIN,WI53132     		NONE PC RELIGIOUS MISSION WORK 25,000
    Total .................................bullet 3b 1,943,235
    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 2,111  
    4 Dividends and interest from securities....     14 2,275,305  
    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.....     14 563  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 2,003,706  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 4,281,685 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    134,281,685
    (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
    RAY & KAY ECKSTEIN CHARITABLE TRUST
     
    Employer identification number

    39-6786592
    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
    RAY & KAY ECKSTEIN CHARITABLE TRUST
          		Employer identification number
    39-6786592
    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
     
     

    RAY A KATHRYN A ECKSTEIN  
    PO BOX 7526
     
    PADUCAH, KY420027526

    		$ 25,000,000


    (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
    RAY & KAY ECKSTEIN CHARITABLE TRUST
          		Employer identification number

    39-6786592
    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
     
    		$    
    (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
     
    		$    
    (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
    RAY & KAY ECKSTEIN CHARITABLE TRUST
          		Employer identification number

    39-6786592
    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:
    RAY & KAY ECKSTEIN CHARITABLE TRUST
    EIN:
    39-6786592
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 14,187 7,094   7,093

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

    TY 2015 DepreciationSchedule
    Name:
    RAY & KAY ECKSTEIN CHARITABLE TRUST
    EIN:
    39-6786592
    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
    FURNITURE & EQUIPMENT (2013) 2013-12-31 48,398 12,788 SL 7.000000000000 7,611 0    
    LEASEHOLD IMPROVEMENTS (2013) 2013-06-24 23,157 7,160 SL 5.000000000000 4,631 0    
    FURNITURE & EQUIPMENT (2014) 2014-01-29 1,800 236 SL 7.000000000000 257 0    
    FURNITURE & EQUIPMENT (2015) 2015-04-30 20,582   SL 7.000000000000 2,346 0    

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    RAY & KAY ECKSTEIN CHARITABLE TRUST
    EIN:
    39-6786592
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ABBVIE INC. 1.75% 11/06/2017 USD SER B SR LIEN 75,055 75,055
    ACCESS MIDSTREAM PARTNERS LP 4.875% 05/15/2023 USD SR LIEN 36,760 36,760
    AIR CANADA 2013-1 CLASS B PASS 5.375% 05/15/2021 USD PVT REGS SR LIEN 38,627 38,627
    AIR CANADA 8.75% 04/01/2020 USD PVT REGS SR LIEN 86,931 86,931
    ALLY FINANCIAL INC 4.125% 03/30/2020 USD SR LIEN 95,505 95,505
    AMAZON.COM INC 2.6% 12/05/2019 USD SR LIEN 407,023 407,023
    AMERISOURCEBERGEN CORP 3.5% 11/15/2021 USD SR LIEN 486,895 486,895
    AMGEN INC. 2.5% 11/15/2016 USD SR LIEN 405,426 405,426
    AMSURG CORP. 5.625% 07/15/2022 USD SER B SR LIEN 66,036 66,036
    ANIXTER INC. 5.625% 05/01/2019 USD SR LIEN 62,963 62,963
    APPLE INC. 0.9% 05/12/2017 USD SR LIEN 249,528 249,528
    ASHLAND INC. STEP 08/15/2022 USD SER B SR LIEN M-W+50.00BP 4.75% 09/09/13-0 94,092 94,092
    AUTONATION, INC. 5.5% 02/01/2020 USD SR LIEN 16,587 16,587
    AUTONATION, INC. 6.75% 04/15/2018 USD SR LIEN 27,565 27,565
    BALL CORPORATION 5.0% 03/15/2022 USD SR LIEN 93,125 93,125
    BANK OF AMERICA CORPORATION MTN 2.65% 04/01/2019 USD SER L SR LIEN 529,759 529,759
    BERKSHIRE HATHAWAY INC. 3.75% 08/15/2021 USD SR LIEN 432,235 432,235
    BLACKROCK, INC. 3.375% 06/01/2022 USD SR LIEN 440,858 440,858
    CALPINE CORPORATION 6.0% 01/15/2022 USD PVT REGS SR LIEN 121,864 121,864
    CALPINE CORPORATION 7.875% 01/15/2023 USD PVT REGS SR LIEN 31,932 31,932
    CASE NEW HOLLAND INC 7.875% 12/01/2017 USD SER B SR LIEN 21,281 21,281
    CBRE SERVICES INC 5.25% 03/15/2025 USD SR LIEN 10,284 10,284
    CBS CORPORATION 5.75% 04/15/2020 USD SR LIEN 448,840 448,840
    CCO HLGS LLC/CCO HLGS CAP CORP 7.375% 06/01/2020 SR LIEN 70,176 70,176
    CCO HOLDINGS, LLC/CAP CORP 6.625% 01/31/2022 USD SR LIEN 5,407 5,407
    CDW LLC / CDW FINANCE CORP 5.0% 09/01/2023 USD SR LIEN 10,317 10,317
    CDW LLC / CDW FINANCE CORP 6.0% 08/15/2022 USD SR LIEN 86,213 86,213
    CELANESE US HOLDINGS LLC 5.875% 06/15/2021 USD SR LIEN 42,304 42,304
    CEQUEL COMMN ESCROW I, LLC 6.375% 09/15/2020 USD PVT REGS SR LIEN 29,883 29,883
    CHS/COMMUNITY HLTH SYS, INC. 5.125% 08/15/2018 USD SR LIEN 61,462 61,462
    CINEMARK USA, INC. 5.125% 12/15/2022 USD SER B SR LIEN 109,426 109,426
    CLEAN HARBORS, INC. 5.25% 08/01/2020 PVT SR LIEN M-W+50.00BP 26,047 26,047
    CLEARWATER PAPER CORPORATION 4.5% 02/01/2023 USD SER B SR LIEN 110,256 110,256
    CMS ENERGY CORPORATION 6.25% 02/01/2020 USD SR LIEN 29,007 29,007
    CNA FINANCIAL CORPORATION 6.5% 08/15/2016 SR LIEN 52,711 52,711
    CNH INDUSTRIAL CAPITAL L 3.375% 07/15/2019 USD SER B SR LIEN 9,581 9,581
    COMMUNITY HEALTH SYSTEMS, INC. 5.125% 08/01/2021 USD SER B SR LIEN 66,063 66,063
    CONCHO RESOURCES INC. 5.5% 04/01/2023 USD SR LIEN 28,163 28,163
    CONCHO RESOURCES INC. 5.5% 10/01/2022 USD SR LIEN 32,331 32,331
    CONSTELLATION BRANDS, INC. 3.75% 05/01/2021 USD SR LIEN 10,088 10,088
    CONSTELLATION BRANDS, INC. 4.25% 05/01/2023 USD SR LIEN 10,071 10,071
    CONTINENTAL RESOURCES, INC. 5.0% 09/15/2022 USD SER B SR LIEN 37,611 37,611
    CROWN AMERICAS LLC 6.25% 02/01/2021 SER B SR LIEN 47,634 47,634
    CROWN CASTLE INTERNATIONAL COR 5.25% 01/15/2023 USD SER B SR LIEN 177,451 177,451
    CSC HOLDINGS, LLC 5.25% 06/01/2024 USD SER B SR LIEN 13,228 13,228
    CSC HOLDINGS, LLC 8.625% 02/15/2019 USD SER B SR LIEN 49,391 49,391
    CVS CAREMARK CORPORATION 6.6% 03/15/2019 USD SR LIEN 258,812 258,812
    D.R. HORTON, INC. 4.375% 09/15/2022 USD SR LIEN 45,298 45,298
    DAVITA HEALTHCARE PARTNERS INC 5.75% 08/15/2022 USD SR LIEN 63,103 63,103
    DDR CORP. 4.625% 07/15/2022 USD SR LIEN 47,450 47,450
    DISCOVER BANK 3.1% 06/04/2020 USD SER BKNT SR LIEN 251,149 251,149
    DISH DBS CORPORATION 7.125% 02/01/2016 SR LIEN 25,820 25,820
    DISH DBS CORPORATION 7.875% 09/01/2019 USD SER B SR LIEN 83,531 83,531
    EDWARDS LIFESCIENCES CORP 2.875% 10/15/2018 USD SR LIEN 508,835 508,835
    ENTERPRISE PRODUCTS OPER 1.65% 05/07/2018 USD SR LIEN 268,957 268,957
    EP ENERGY LLC 9.375% 05/01/2020 USD EP FINANCE INC 9,797 9,797
    EQUINIX, INC. 5.375% 04/01/2023 USD SR LIEN 98,177 98,177
    FHLB 4.125% 03/13/2020 SER JT-2020 SR LIEN 415,581 415,581
    FHLB 4.75% 12/16/2016 SER 775 SR LIEN 311,700 311,700
    FHLB 5.0% 11/17/2017 SER 1069 SR LIEN 431,260 431,260
    FIRST DATA CORPORATION 6.75% 11/01/2020 USD PVT REGS SR LIEN 111,280 111,280
    FORD MOTOR CREDIT COMPANY LLC 5.0% 05/15/2018 USD SR LIEN 528,394 528,394
    FRESENIUS MEDICAL CARE US FINA 5.75% 02/15/2021 USD PVT REGS SR LIEN 125,530 125,530
    FRESENIUS US FINANCE II, INC. 4.25% 02/01/2021 USD PVT REGS SR LIEN 97,621 97,621
    FRONTIER COMMUNICATIONS CORP 8.125% 10/01/2018 USD SR LIEN 57,905 57,905
    FRONTIER COMMUNICATIONS CORPOR 8.5% 04/15/2020 USD SER B SR LIEN 15,307 15,307
    GLP CAPITAL, L.P. 4.875% 11/01/2020 USD SER B SR LIEN 123,516 123,516
    GRAPHIC PACKAGING INTL 4.875% 11/15/2022 USD SR LIEN 5,094 5,094
    GRAPHIC PACKAGING INTL INC 4.75% 04/15/2021 USD SR LIEN 46,351 46,351
    HCA INC. 6.5% 02/15/2020 USD SR LIEN 172,679 172,679
    HCP, INC. 5.375% 02/01/2021 USD SR LIEN 50,011 50,011
    HD SUPPLY INC 5.25% 12/15/2021 USD PVT REGS SR LIEN 127,773 127,773
    HOST HOTELS & RESORTS, L.P. 4.75% 03/01/2023 USD SER C SR LIEN 73,456 73,456
    HOST HOTELS & RESORTS, L.P. 6.0% 10/01/2021 USD SER Z SR LIEN 729,086 729,086
    HUNTINGTON NATIONAL BANK (THE) 1.7% 02/26/2018 USD SR LIEN 746,080 746,080
    HUNTSMAN INTERNATIONAL LLC 4.875% 11/15/2020 USD SER B SR LIEN 73,498 73,498
    IHS INC. 5.0% 11/01/2022 USD SER WI SR LIEN 112,292 112,292
    INTELSAT JACKSON HOLDINGS S.A. 7.5% 04/01/2021 USD SER B SR LIEN 57,769 57,769
    JABIL CIRCUIT, INC. 4.7% 09/15/2022 USD SR LIEN 29,515 29,515
    JARDEN CORPORATION 6.125% 11/15/2022 SR LIEN 31,210 31,210
    KFW 5.125% 03/14/2016 SR LIEN 358,282 358,282
    L BRANDS, INC. 6.625% 04/01/2021 USD SR LIEN 50,583 50,583
    LAMAR MEDIA CORP. 5.375% 01/15/2024 USD SER B SR LIEN 121,300 121,300
    LAMAR MEDIA CORP. 5.875% 02/01/2022 USD SER B SUB LIEN 42,979 42,979
    LENNAR CORPORATION 6.95% 06/01/2018 USD MW CALL+ 50BPS 32,424 32,424
    LIFEPOINT HOSPITALS, INC. 5.5% 12/01/2021 USD SER B SR LIEN 91,988 91,988
    LIMITED BRANDS, INC. 5.625% 02/15/2022 USD SR LIEN 75,863 75,863
    MARKWEST ENERGY PARTNERS, L.P. 5.5% 02/15/2023 USD SR LIEN 40,310 40,310
    MERCK SHARP & DOHME CORP. 5.0% 06/30/2019 USD SR LIEN 551,630 551,630
    MGM MIRAGE 7.5% 06/01/2016 SR LIEN 81,975 81,975
    MGM RESORTS INTERNATIONAL 6.75% 10/01/2020 USD SER B SR LIEN 26,109 26,109
    MICHAELS STORES, INC. 5.875% 12/15/2020 USD PVT REGS SUB LIEN 77,715 77,715
    MPT OPERATING PARTNERSHIP 5.5% 05/01/2024 USD SR LIEN 5,021 5,021
    MPT OPERATING PARTNERSHIP 6.375% 02/15/2022 USD SR LIEN 114,849 114,849
    MPT OPERATING PARTNERSHIP 6.875% 05/01/2021 USD SER B SR LIEN 5,245 5,245
    NCR CORPORATION 5.0% 07/15/2022 USD SER B SR LIEN 14,896 14,896
    NCR CORPORATION 5.875% 12/15/2021 USD SER B SR LIEN 93,823 93,823
    NEWFIELD EXPLORATION COMPANY 5.75% 01/30/2022 USD SR LIEN 49,993 49,993
    NRG ENERGY, INC. 7.625% 01/15/2018 USD SER B SR LIEN 59,271 59,271
    NV ENERGY, INC. 6.25% 11/15/2020 USD SR LIEN 57,198 57,198
    OASIS PETROLEUM INC. 7.25% 02/01/2019 USD SER B SR LIEN 48,601 48,601
    OMNICOM GROUP INC. 6.25% 07/15/2019 USD SR LIEN 516,240 516,240
    ORACLE CORPORATION 2.5% 05/15/2022 USD SR LIEN 369,264 369,264
    OUTFRONT MEDIA CAPITAL LLC/ CO 5.25% 02/15/2022 USD SER B SR LIEN 128,651 128,651
    PIONEER NATURAL RESOURCES 7.5% 01/15/2020 USD SR LIEN 38,384 38,384
    POST HOLDINGS, INC. 7.375% 02/15/2022 USD SER B SR LIEN 32,111 32,111
    PROGRESS ENERGY, INC. 3.15% 04/01/2022 USD SR LIEN 395,718 395,718
    PUGET ENERGY, INC. 6.0% 09/01/2021 USD SER B SR LIEN 68,795 68,795
    RANGE RESOURCES CORP 5.0% 08/15/2022 USD SRSUB LIEN 45,983 45,983
    REGENCY ENERGY PARTNERS LP 5.875% 03/01/2022 USD SR LIEN ESTABLISH DATE 1887 9,621 9,621
    REGENCY ENERGY PARTNERS LP 6.5% 07/15/2021 USD SR LIEN 107,637 107,637
    ROYAL CARIBBEAN CRUISES LTD. 5.25% 11/15/2022 USD SR LIEN 46,427 46,427
    SALLY HOLDINGS LLC 5.75% 06/01/2022 USD SR LIEN 41,592 41,592
    SHELL INTERNATIONAL FINANCE B. 2.25% 11/10/2020 SR LIEN 197,696 197,696
    SILGAN HOLDINGS INC. 5.0% 04/01/2020 USD SER B SR LIEN 61,800 61,800
    SPRINT NEXTEL CORPORATION 6.0% 12/01/2016 SR LIEN 25,078 25,078
    SPRINT NEXTEL CORPORATION 7.0% 08/15/2020 USD SR LIEN 23,968 23,968
    SPX CORPORATION 6.875% 09/01/2017 USD SR LIEN 27,135 27,135
    SUBSID OF: CABLEVISION SYS CRP CVC 7.625 07/15/2018 SR LIEN 43,506 43,506
    SUNTRUST BANK 2.75% 05/01/2023 USD SER BKNT SR LIEN 312,264 312,264
    TARGA RESOURCES PARTNERS LP 6.625% 10/01/2020 USD PVT REGS SR LIEN TARGA RES 59,727 59,727
    TENET HEALTHCARE CORP FRN 06/15/2020 USD PVT REGS USLIB 3MO +350.00BP SR LIE 83,027 83,027
    TENET HEALTHCARE CORPORATION 6.25% 11/01/2018 USD SER B SR LIEN 42,517 42,517
    THE GAP, INC. 5.95% 04/12/2021 USD SR LIEN 240,963 240,963
    THE KROGER CO. 6.4% 08/15/2017 SR LIEN 329,399 329,399
    THE PNC FINANCIAL SERVICES GRO MTN 2.6% 07/21/2020 USD SR LIEN 278,112 278,112
    TIME INC 5.75% 04/15/2022 USD PVT REGS SR LIEN 60,254 60,254
    UNITED AIRLINES, INC. 6.25% 10/11/2021 USD SER B SR LIEN M-W+50.00BP 91,347 91,347
    VERIZON COMMUNICATIONS INC. 4.5% 09/15/2020 USD SR LIEN 163,149 163,149
    VIDEOTRON LTEE 5.0% 07/15/2022 USD SER B SR LIEN 51,153 51,153
    VOYA FLOATING RATE FUND CLASS I 1,042,646 1,042,646
    VPII ESCROW CORP. 7.5% 07/15/2021 USD PVT REGS SR LIEN 103,188 103,188
    W.R. GRACE & CO-CONN. 5.125% 10/01/2021 USD PVT REGS SR LIEN 46,020 46,020
    WAL-MART STORES, INC. 5.8% 02/15/2018 USD SR LIEN 222,912 222,912
    WEATHERFORD INTERNATIONAL LTD 5.125% 09/15/2020 USD SR LIEN 41,247 41,247
    WHITEWAVE FOODS COMPANY 5.375% 10/01/2022 USD SR LIEN 64,256 64,256
    WHITING PETROLEUM CORPORATION 5.0% 03/15/2019 USD SR LIEN 23,092 23,092
    WHITING PETROLEUM CORPORATION 6.5% 10/01/2018 USD SUB LIEN 23,213 23,213
    WILLIAM CARTER COMPANY (THE) 5.25% 08/15/2021 USD SER B SR LIEN 130,917 130,917

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    RAY & KAY ECKSTEIN CHARITABLE TRUST
    EIN:
    39-6786592
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M COMPANY CMN 103,942 103,942
    ABB LTD SPONSORED ADR CMN 128,347 128,347
    ABBOTT LABORATORIES CMN 181,886 181,886
    ABBVIE INC. CMN 241,285 241,285
    ACCENTURE PLC CMN 35,530 35,530
    ADOBE SYSTEMS INC CMN 1,879 1,879
    AES CORP. CMN 16,556 16,556
    AETNA INC CMN 69,197 69,197
    AFLAC INCORPORATED CMN 12,579 12,579
    AIR PRODUCTS & CHEMICALS INC CMN 26,022 26,022
    AIRCASTLE LIMITED CMN 68,519 68,519
    ALEXION PHARMACEUTICALS INC CMN 15,260 15,260
    ALLERGAN PLC CMN 109,375 109,375
    ALLIANZ SE ADR CMN 64,171 64,171
    ALNYLAM PHARMACEUTICALS, INC. CMN 5,648 5,648
    ALPHABET INC. CMN CLASS A 248,963 248,963
    ALPHABET INC. CMN CLASS C 250,430 250,430
    ALTRIA GROUP, INC. CMN 136,037 136,037
    ALTRIA GROUP, INC. CMN 404,327 404,327
    AMAZON.COM INC CMN 289,281 289,281
    AMERICAN AIRLINES GROUP INC CMN 9,741 9,741
    AMERICAN EXPRESS CO. CMN 6,260 6,260
    AMERICAN INTL GROUP, INC. CMN 41,520 41,520
    AMERICAN TOWER CORPORATION CMN 84,347 84,347
    AMERIPRISE FINANCIAL, INC. CMN 47,889 47,889
    AMGEN INC. CMN 214,276 214,276
    ANADARKO PETROLEUM CORP CMN 37,407 37,407
    ANTHEM, INC. CMN 40,438 40,438
    APACHE CORP. CMN 8,405 8,405
    APPLE, INC. CMN 686,611 686,611
    APPLIED MATERIALS INC CMN 6,348 6,348
    ARCHER DANIELS MIDLAND CO CMN 23,475 23,475
    ARM HOLDINGS PLC SPON ADR SPONSORED ADR CMN 97,492 97,492
    ARTISAN PARTNERS ASSET MGMT IN CMN 88,708 88,708
    ASSURANT, INC. CMN 2,416 2,416
    AT&T INC CMN 442,169 442,169
    ATLAS AIR WORLDWIDE HOLDINGS CMN 47,128 47,128
    AUTOMATIC DATA PROCESSING INC CMN 30,499 30,499
    AVAGO TECHNOLOGIES LTD CMN 23,224 23,224
    AVG TECHNOLOGIES N.V. CMN 66,726 66,726
    BAKER HUGHES INC CMN 22,152 22,152
    BANCO SANTANDER, S.A. SPON ADR 56,171 56,171
    BANK OF AMERICA CORP CMN 68,835 68,835
    BARCLAYS BANK PLC LINKED TO S&P 500 INDEX BUFFERED CAPPED BETA STRUCTURED NO 239,616 239,616
    BAXALTA INCORPORATED CMN 15,222 15,222
    BB&T CORPORATION CMN 26,089 26,089
    BBCN BANCORP INC CMN 48,319 48,319
    BEACON ROOFING SUPPLY, INC. CMN 73,424 73,424
    BEST BUY CO INC CMN SERIES 14,921 14,921
    BG GROUP PLC SPON ADR ADR CMN 45,848 45,848
    BIOGEN INC. CMN 38,906 38,906
    BLACKROCK, INC. CMN 34,052 34,052
    BLACKROCK, INC. CMN 195,458 195,458
    BNP PARIBAS LINKED TO S&P 500 INDEX BUFFERED CAPPED BETA; 2,003.37 STRUCTURE 238,165 238,165
    BOEING COMPANY CMN 190,859 190,859
    BP P.L.C. SPONSORED ADR CMN 108,503 108,503
    BRINK'S COMPANY (THE) CMN 50,563 50,563
    BRISTOL-MYERS SQUIBB COMPANY CMN 218,752 218,752
    BRISTOL-MYERS SQUIBB COMPANY CMN 163,239 163,239
    BROADCOM CORP CL-A CMN CLASS A 2,313 2,313
    CA, INC. CMN 83,681 83,681
    CA, INC. CMN 168,618 168,618
    CABLE ONE INC. CMN 68,518 68,518
    CABOT CORP. CMN 69,455 69,455
    CABOT OIL & GAS CORPORATION CMN 12,312 12,312
    CAMERON INTERNATIONAL CORP CMN 8,848 8,848
    CANADIAN PACIFIC RAILWAY LTD CMN 82,430 82,430
    CANON INC ADR SPONSORED ADR CMN 88,763 88,763
    CAPITAL ONE FINANCIAL CORP CMN 41,143 41,143
    CARDINAL HEALTH INC CMN 83,021 83,021
    CARDTRONICS, INC CMN 73,021 73,021
    CARNIVAL CORPORATION CMN 56,659 56,659
    CARNIVAL CORPORATION CMN 185,069 185,069
    CATERPILLAR INC (DELAWARE) CMN 147,813 147,813
    CELGENE CORPORATION CMN 72,814 72,814
    CENTERPOINT ENERGY, INC. CMN 82,987 82,987
    CENTURYLINK INC CMN 105,672 105,672
    CF INDUSTRIES HOLDINGS, INC. CMN 10,611 10,611
    CHENIERE ENERGY INC CMN 1,863 1,863
    CHEVRON CORPORATION CMN 193,414 193,414
    CHEVRON CORPORATION CMN 90,860 90,860
    CHINA MOBILE LIMITED SPONSORED ADR CMN 60,555 60,555
    CHR. HANSEN HOLDING A/S SPONSORED ADR CMN 107,394 107,394
    CHUBB LIMITED CMN 130,054 130,054
    CIMAREX ENERGY CO. CMN 16,982 16,982
    CINCINNATI FINANCIAL CRP CMN 0 0
    CINCINNATI FINANCIAL CRP CMN 205,852 205,852
    CISCO SYSTEMS, INC. CMN 224,572 224,572
    CISCO SYSTEMS, INC. CMN 125,320 125,320
    CME GROUP INC. CMN CLASS A 73,386 73,386
    COACH INC CMN 31,421 31,421
    COCA-COLA COMPANY (THE) CMN 140,050 140,050
    COCA-COLA COMPANY (THE) CMN 82,440 82,440
    COGENT COMMUNICATIONS HLDGS CMN 38,506 38,506
    COLGATE-PALMOLIVE CO CMN 7,328 7,328
    COLONY STARWOOD HOMES CMN 62,237 62,237
    COLOPLAST A/S ADR CMN 100,645 100,645
    COMCAST CORPORATION CMN CLASS A VOTING 183,962 183,962
    COMMUNICATIONS SALES & LEASING INC CMN 102,515 102,515
    COMPASS GROUP PLC SPONSORED ADR CMN 90,487 90,487
    CONAGRA INC CMN 45,111 45,111
    CONCHO RESOURCES INC. CMN 20,429 20,429
    CONOCOPHILLIPS CMN 44,962 44,962
    CONOCOPHILLIPS CMN 124,802 124,802
    CONSOLIDATED EDISON INC CMN 11,569 11,569
    CONSTELLATION BRANDS INC CMN CLASS A 12,820 12,820
    CONTINENTAL RESOURCES, INC CMN 4,527 4,527
    CORE LABORATORIES N.V. CMN 99,062 99,062
    CORNING INCORPORATED CMN 19,925 19,925
    CORRECTIONS CORP OF AMERICA CMN 99,788 99,788
    COVANTA HOLDING CORP CMN 164,349 164,349
    CREDIT SUISSE AG LINKED TO S&P 500 INDEX BUFFERED CAPPED BETA STRUCTURED NOT 234,975 234,975
    CROWN CASTLE INTL CORP CMN 41,496 41,496
    CSL LIMITED SPONSORED ADR CMN 127,454 127,454
    CST BRANDS, INC. CMN 74,131 74,131
    CSX CORPORATION CMN 39,704 39,704
    CTRIP.COM INTERNATIONAL, LTD. ADR CMN 93,865 93,865
    CULLEN FROST BANKERS INC CMN 3,600 3,600
    CUMMINS INC COMMON STOCK 79,209 79,209
    CVS HEALTH CORP CMN 132,967 132,967
    CYPRESS SEMICONDUCTOR CORPORAT CMN 12,263 12,263
    DAIMLER AG SPONSORED ADR CMN 62,026 62,026
    DARDEN RESTAURANTS INC CMN 41,366 41,366
    DEERE & COMPANY CMN 12,203 12,203
    DELTA AIR LINES, INC. CMN 29,907 29,907
    DEUTSCHE BANK AG-LONDON BRANCH LNKD TO MSCI EMERGING MKT BUFFERED CAPPED BET 45,170 45,170
    DEUTSCHE BANK AG-LONDON BRANCH LNKD TO MSCI EMERGING MKT BUFFERED CAPPED BET 22,626 22,626
    DEUTSCHE TELEKOM AG SPONSORED ADR CMN 113,856 113,856
    DEVON ENERGY CORPORATION (NEW) CMN 9,920 9,920
    DIAMONDBACK ENERGY INC CMN 11,373 11,373
    DIAMONDROCK HOSPITALITY CO CMN 59,087 59,087
    DIEBOLD INCORPORATED CMN 64,393 64,393
    DISCOVER FINANCIAL SERVICES CMN 13,941 13,941
    DIVIDENDS EARNED BUT NOT YET PAID 78,346 78,346
    DJ WILSHIRE REIT ETF CMN ETF 3,031,120 3,031,120
    DOMINION RESOURCES, INC. CMN 73,051 73,051
    DOMINION RESOURCES, INC. CMN 77,448 77,448
    DOMTAR CORPORATION CMN CLASS 29,191 29,191
    DOW CHEMICAL CO CMN 203,964 203,964
    DSW INC. CMN CLASS A 67,691 67,691
    DUKE ENERGY CORPORATION CMN 167,767 167,767
    DUKE ENERGY CORPORATION CMN 80,956 80,956
    E.I. DU PONT DE NEMOURS AND CO CMN 45,288 45,288
    EATON CORP PLC CMN 108,243 108,243
    EATON VANCE CORP (NON-VTG) CMN 9,729 9,729
    ELECTRONIC ARTS CMN 4,123 4,123
    ELI LILLY & CO CMN 143,242 143,242
    ELI LILLY & CO CMN 245,871 245,871
    EMC CORPORATION MASS CMN 18,490 18,490
    EMERSON ELECTRIC CO. CMN 80,833 80,833
    ENDO INTERNATIONAL PLC CMN 4,898 4,898
    ENERGIZER HOLDINGS, INC. CMN 60,218 60,218
    ENERSYS CMN 65,326 65,326
    ENI S.P.A SPON ADR SPONSORED ADR CMN 90,413 90,413
    ENTERGY CORPORATION CMN 30,762 30,762
    EOG RESOURCES INC CMN 75,745 75,745
    EQUINIX, INC. REIT 24,192 24,192
    EQUITY RESIDENTIAL CMN 86,485 86,485
    ERIE INDEMNITY COMPANY CL-A CMN CLASS A 3,826 3,826
    ESSEX PROPERTY TRUST INC CMN 43,094 43,094
    EVERTEC INC CMN 57,201 57,201
    EXELON CORPORATION CMN 15,551 15,551
    EXPEDIA, INC. CMN 27,346 27,346
    EXPERIAN PLC SPONSORED ADR CMN 112,355 112,355
    EXTRA SPACE STORAGE INC. CMN 20,288 20,288
    EXXON MOBIL CORPORATION CMN 346,955 346,955
    FACEBOOK, INC. CMN CLASS A 284,885 284,885
    FANUC CORP UNSPONSORED ADR CMN 86,537 86,537
    FASTENAL CO CMN 21,635 21,635
    FEDERATED INVESTORS, INC. CMN CLASS B 18,050 18,050
    FIFTH THIRD BANCORP CMN 27,939 27,939
    FIRST NIAGARA FINANCIAL GROUP, CMN 35,046 35,046
    FIRSTMERIT CORP CMN 70,814 70,814
    FORD MOTOR COMPANY CMN 180,211 180,211
    GAMESTOP CORP CMN CLASS A 7,010 7,010
    GAP INC CMN 31,616 31,616
    GARMIN LTD. CMN 37,170 37,170
    GENERAC HOLDINGS INC. CMN 54,152 54,152
    GENERAL DYNAMICS CORP. CMN 39,834 39,834
    GENERAL DYNAMICS CORP. CMN 246,699 246,699
    GENERAL ELECTRIC CO CMN 300,629 300,629
    GENERAL ELECTRIC CO CMN 277,578 277,578
    GENERAL GROWTH PROPERTIES INC CMN 59,046 59,046
    GENERAL MILLS INC CMN 196,621 196,621
    GENERAL MOTORS COMPANY CMN 70,741 70,741
    GENESCO INC. CMN 63,024 63,024
    GILEAD SCIENCES CMN 173,237 173,237
    GLAXOSMITHKLINE PLC SPONSORED ADR CMN 130,452 130,452
    GOLAR LNG LIMITED CMN 316 316
    GOLDMAN SACHS BANK DEPOSIT (BDA) 69,849 69,849
    GOLDMAN SACHS BANK DEPOSIT (BDA) 139,876 139,876
    GOLDMAN SACHS BANK DEPOSIT (BDA) 75,696 75,696
    GOLDMAN SACHS BANK DEPOSIT (BDA) 99,151 99,151
    GOLDMAN SACHS BANK DEPOSIT (BDA) 378,900 378,900
    GROUP 1 AUTOMOTIVE, INC. CMN 44,512 44,512
    GULFPORT ENERGY CORP (NEW) CMN 8,354 8,354
    H & R BLOCK INC. CMN 178,109 178,109
    HAEMONETICS CORP CMN 68,155 68,155
    HALLIBURTON COMPANY CMN 50,379 50,379
    HALYARD HEALTH, INC. CMN 64,515 64,515
    HANESBRANDS INC. CMN 19,424 19,424
    HARMAN INTL INDS INC (NEW) CMN 1,884 1,884
    HASBRO, INC. CMN 51,867 51,867
    HASBRO, INC. CMN 201,608 201,608
    HCA HOLDINGS, INC. CMN 2,029 2,029
    HDFC BANK LIMITED ADR CMN 58,766 58,766
    HESS CORPORATION CMN 970 970
    HEWLETT PACKARD ENTERPRISE CO CMN 17,328 17,328
    HONDA MTR LTD (AMER SHS) ADR CMN 136,118 136,118
    HONEYWELL INTL INC CMN 73,535 73,535
    HP INC. CMN 37,296 37,296
    HUMANA INC. CMN 32,132 32,132
    IBERDROLA, SOCIEDAD ANONIMA SPONSORED ADR CMN 163,537 163,537
    ICON PUBLIC LIMITED COMPANY CMN 99,845 99,845
    ILLINOIS TOOL WORKS CMN 16,682 16,682
    ILLUMINA, INC. CMN 32,631 32,631
    INCYTE CORPORATION CMN 6,507 6,507
    INDUSTRIA DE DISENO TEXTIL IND ADR CMN 48,452 48,452
    INTEL CORPORATION CMN 200,499 200,499
    INTEL CORPORATION CMN 164,292 164,292
    INTERCONTINENTAL EXCHANGE INC CMN 30,751 30,751
    INTERNATIONAL GAME TECHNOLOGY PLC CMN 28,639 28,639
    INTERNATIONAL PAPER CO. CMN 137,982 137,982
    INTL BUSINESS MACHINES CORP CMN 251,845 251,845
    INTUIT INC CMN 28,950 28,950
    INVESCO LTD. CMN 88,722 88,722
    IONIS PHARMACEUTICALS, INC. CMN 1,239 1,239
    J.M. SMUCKER CO. CMN 1,233 1,233
    JOHNSON & JOHNSON CMN 358,493 358,493
    JPMORGAN CHASE & CO CMN 342,035 342,035
    JPMORGAN CHASE & CO. LINKED TO MSCI EAFE BUFFERED CAPPED BETA STRUCTURED NOT 106,183 106,183
    JPMORGAN CHASE & CO. LINKED TO MSCI EAFE BUFFERED CAPPED BETA; 1851.35 STRUC 70,176 70,176
    JPMORGAN CHASE & CO. LNKD TO MSCI EMERGING MKT BUFFERED CAPPED BETA STRUCTUR 68,585 68,585
    KAO CORP SPONSORED ADR CMN 82,467 82,467
    KAPSTONE PAPER AND PACKAGING CORPORATION CMN 62,461 62,461
    KAR AUCTION SERVICES, INC. CMN 0 0
    KEURIG GREEN MOUNTAIN, INC. CMN 8,998 8,998
    KINDER MORGAN INC CMN CLASS P 27,154 27,154
    KINDER MORGAN INC CMN CLASS P 116,003 116,003
    KLA-TENCOR CORPORATION CMN 37,449 37,449
    KOHL'S CORP (WISCONSIN) CMN 5,239 5,239
    KONINKLIJKE AHOLD N.V. SPONSORED ADR CMN 134,531 134,531
    KOSMOS ENERGY LTD. CMN 1,872 1,872
    KROGER COMPANY CMN 32,209 32,209
    L BRANDS, INC. CMN 45,035 45,035
    LA QUINTA HOLDINGS INC. CMN 62,987 62,987
    LANNETT COMPANY, INC. CMN 63,470 63,470
    LAS VEGAS SANDS CORP. CMN 55,677 55,677
    LATTICE SEMICONDUCTOR CORP CMN 57,447 57,447
    LEXMARK INTERNATIONAL INC. CMN CLASS A 23,364 23,364
    LINEAR TECHNOLOGY CORP CMN 2,124 2,124
    LLOYDS BANKING GROUP PLC SPONSORED ADR CMN 37,487 37,487
    LOCKHEED MARTIN CORPORATION CMN 20,195 20,195
    LOWES COMPANIES INC CMN 80,602 80,602
    LOWES COMPANIES INC CMN 219,756 219,756
    LVMH MOET HENNESSY LOUIS VUITTON S.A. ADR CMN 73,697 73,697
    LYONDELLBASELL INDUSTRIES N.V. CMN CLASS A 79,600 79,600
    MACERICH COMPANY CMN 0 0
    MACQUARIE INFRASTRUCTURE CORP CMN 155,364 155,364
    MACY'S INC. CMN 35,680 35,680
    MAGELLAN HEALTH , INC. CMN 70,477 70,477
    MARATHON PETROLEUM CORPORATION CMN 38,776 38,776
    MASTERCARD INCORPORATED CMN CLASS A 82,756 82,756
    MAXIM INTEGRATED PRODUCTS INC CMN 31,160 31,160
    MC DONALDS CORP CMN 108,689 108,689
    MCGRAW-HILL COMPANIES INC CMN 43,375 43,375
    MEDTRONIC PUBLIC LIMITED COMPA CMN 139,225 139,225
    MENTOR GRAPHICS CORP CMN 52,147 52,147
    MERCK & CO., INC. CMN 155,819 155,819
    MERCURY GENERAL CORPORATION CMN 117,822 117,822
    METLIFE, INC. CMN 134,988 134,988
    MICROCHIP TECHNOLOGY INCORPORA CMN 41,421 41,421
    MICROSEMI CORP CL A CMN 64,039 64,039
    MICROSOFT CORPORATION CMN 594,912 594,912
    MICROSOFT CORPORATION CMN 146,134 146,134
    MOLSON COORS BREWING CO CMN CLASS B 2,818 2,818
    MONDELEZ INTERNATIONAL, INC. CMN 29,146 29,146
    MONSANTO COMPANY CMN 24,630 24,630
    MOODYS CORP CMN 23,078 23,078
    MORGAN STANLEY CMN 61,393 61,393
    NATIONAL GRID PLC SPONSORED ADR CMN 146,799 146,799
    NAVIENT CORPORATION CMN 21,412 21,412
    NESTLE SA SPONSORED ADR (REP 1/20 CHF 10 REGD SHS) 135,770 135,770
    NESTLE SA SPONSORED ADR (REP 1/20 CHF 10 REGD SHS) 118,789 118,789
    NETAPP, INC. CMN 2,122 2,122
    NETFLIX COM INC CMN 64,053 64,053
    NEW YORK COMMUNITY BANCORP, IN CMN 186,864 186,864
    NEWELL BRANDS INC CMN 3,526 3,526
    NEWFIELD EXPLORATION CO. CMN 10,745 10,745
    NEWMARKET CORP CMN 104,320 104,320
    NEWMONT MINING CORPORATION CMN 10,974 10,974
    NIELSEN HLDGS PLC CMN 10,252 10,252
    NIKE CLASS-B CMN CLASS B 68,750 68,750
    NOBLE ENERGY INC CMN 2,305 2,305
    NORDSTROM INC CMN 5,977 5,977
    NORFOLK SOUTHERN CORPORATION CMN 38,066 38,066
    NORFOLK SOUTHERN CORPORATION CMN 202,339 202,339
    NOVARTIS AG-ADR SPONSORED ADR CMN 106,948 106,948
    NOVO-NORDISK A/S ADR ADR CMN 136,023 136,023
    NOVOZYMES AS UNSPONSORED ADR CMN 106,547 106,547
    NRG ENERGY, INC. CMN 18,950 18,950
    NTT DOCOMO, INC. SPONSORED ADR CMN 52,050 52,050
    NUCOR CORPORATION CMN 14,911 14,911
    OCCIDENTAL PETROLEUM CORP CMN 71,667 71,667
    ORACLE CORPORATION CMN 123,106 123,106
    P G & E CORPORATION CMN 8,510 8,510
    PACWEST BANCORP CMN 44,824 44,824
    PAYCHEX, INC. CMN 214,205 214,205
    PAYCHEX, INC. CMN 199,290 199,290
    PAYPAL HOLDINGS INC CMN 4,344 4,344
    PENSKE AUTOMOTIVE GROUP, INC. CMN 12,279 12,279
    PEOPLES UNITED FINANCIAL INC CMN 224,647 224,647
    PEPSICO INC CMN 70,943 70,943
    PERRIGO CO PLC CMN 79,874 79,874
    PFIZER INC. CMN 407,051 407,051
    PFIZER INC. CMN 180,574 180,574
    PHILIP MORRIS INTL INC CMN 186,281 186,281
    PHILLIPS 66 CMN 51,534 51,534
    PINNACLE WEST CAPITAL CORP CMN 14,186 14,186
    PIONEER NATURAL RESOURCES CO CMN 31,345 31,345
    PITNEY-BOWES INC CMN 16,314 16,314
    PNC FINANCIAL SERVICES GROUP CMN 25,734 25,734
    PORTLAND GENERAL ELECTRIC CO CMN 74,559 74,559
    PRICELINE GROUP INC/THE CMN 63,748 63,748
    PRINCIPAL FINANCIAL GROUP, INC CMN 1,349 1,349
    PROASSURANCE CORP CMN 74,057 74,057
    PROCTER & GAMBLE COMPANY (THE) CMN 460,578 460,578
    PROGRESSIVE CORPORATION (THE) CMN 240,090 240,090
    PROLOGIS INC CMN 3,434 3,434
    PRUDENTIAL FINANCIAL INC CMN 134,327 134,327
    PUBLIC STORAGE CMN 74,310 74,310
    QBE INSURANCE GROUP LIMITED SPONSORED ADR CMN 20,509 20,509
    QUALCOMM INC CMN 103,969 103,969
    QUALITY SYSTEMS INC CMN 49,682 49,682
    QUEST DIAGNOSTICS INCORPORATED CMN 42,684 42,684
    RAMBUS INC CMN 59,213 59,213
    RAYTHEON CO CMN 72,227 72,227
    RECKITT BENCKISER GROUP PLC SPONSORED ADR CMN 121,699 121,699
    REGAL BELOIT CORP CMN 57,876 57,876
    REGAL ENTERTAINMENT GROUP CMN CLASS A 5,284 5,284
    REGENERON PHARMACEUTICAL INC CMN 43,430 43,430
    REPUBLIC SERVICES INC CMN 20,675 20,675
    REYNOLDS AMERICAN INC. CMN 33,690 33,690
    REYNOLDS AMERICAN INC. CMN 284,561 284,561
    RICE ENERGY INC CMN 3,161 3,161
    ROYAL CARIBBEAN CRUISES LTD ISIN: LR0008862868 8,097 8,097
    ROYAL DUTCH SHELL PLC SPONSORED ADR CMN SERIES A 58,657 58,657
    RSP PERMIAN INC CMN 61,682 61,682
    RWE AG AKTIENGESELLSCHAFT SPON ADR 56,456 56,456
    RYDER SYSTEM INC CMN 4,546 4,546
    SALESFORCE.COM, INC CMN 28,694 28,694
    SANOFI SPONSORED ADR CMN 121,297 121,297
    SAP SE (SPON ADR) 142,301 142,301
    SCHLUMBERGER LTD CMN 115,785 115,785
    SENSATA TECHNOLOGIES HLDG N .V CMN 96,496 96,496
    SEVEN & I HOLDINGS CO., LTD. UNSPONSORED ADR CMN 10,611 10,611
    SGS S.A. ADR CMN 85,165 85,165
    SHOPRITE HOLDINGS LTD SPONSORED ADR CMN ADR RATIO UNKNOWN 33,328 33,328
    SIMON PROPERTY GROUP INC CMN 104,998 104,998
    SINCLAIR BROADCAST GROUP INC CMN CLASS A 67,065 67,065
    SINGAPORE TELECOMMUNICATIONS L SPONSORED ADR CMN 80,559 80,559
    SIX FLAGS ENTERTAINMENT CORPOR CMN 13,735 13,735
    SKYWORKS SOLUTIONS INC CMN 6,146 6,146
    SL GREEN REALTY CORP CMN 2,260 2,260
    SM ENERGY COMPANY CMN 1,317 1,317
    SM ENERGY COMPANY CMN 40,618 40,618
    SOCIETE GENERALE LINKED TO MSCI EAFE BUFFERED CAPPED BETA STRUCTURED NOTE DU 105,406 105,406
    SOCIETE GENERALE LINKED TO S&P 500 INDEX BUFFERED CAPPED BETA, 2030.89 STRUC 291,669 291,669
    SONIC AUTOMOTIVE INC CLASS A CMN CLASS A 55,648 55,648
    SOTHEBY'S CMN CLASS A 56,904 56,904
    SPDR DJ WILSHIRE INTERNATIONAL REAL ESTATE ETF 1,196,094 1,196,094
    ST JUDE MEDICAL INC CMN 27,797 27,797
    STAPLES, INC. CMN 21,592 21,592
    STARBUCKS CORP. CMN 97,249 97,249
    STATE STREET CORPORATION (NEW) CMN 21,235 21,235
    STATE STREET HEDGED INTERNATIONAL DEVELOPED EQUITY INDEX FUND K CLASS 4,676,576 4,676,576
    STRYKER CORP CMN 6,506 6,506
    SWATCH GROUP SA (THE) ADR CMN 38,782 38,782
    SYMANTEC CORP CMN 28,350 28,350
    SYNAPTICS, INC. CMN 64,995 64,995
    SYNGENTA AG SPONSORED ADR CMN 92,350 92,350
    SYSCO CORPORATION CMN 139,400 139,400
    SYSMEX CORPORATION ADR CMN 85,561 85,561
    TAIWAN SEMICONDUCTOR MFG ADS LTD ADS 1ADS EQUALS 5ORDS 163,595 163,595
    TAIWAN SEMICONDUCTOR MFG ADS LTD ADS 1ADS EQUALS 5ORDS 103,035 103,035
    TAKEDA PHARMACEUTICAL COMPANY SPONSORED ADR CMN 134,011 134,011
    TARGET CORPORATION CMN 120,533 120,533
    TCF FINANCIAL CORP MINN 65,856 65,856
    TD AMERITRADE HOLDING CORP CMN 2,777 2,777
    TE CONNECTIVITY LTD CMN 14,214 14,214
    TELEFONICA S.A. ADR SPONSORED ADR CMN 88,049 88,049
    TELEPHONE AND DATA SYS INC CMN 66,537 66,537
    TELIA CO AB UNSPONSORED ADR CMN 100,791 100,791
    TENCENT HOLDINGS LIMITED UNSPONSORED ADR CMN ADD ADR REL 19358779 108,637 108,637
    TESCO PLC (SPONSORED) ADR SPONSORED ADR CMN 87,635 87,635
    TESORO CORPORATION CMN 16,859 16,859
    TEVA PHARMACEUTICAL IND LTD ADS 39,975 39,975
    TEXAS INSTRUMENTS INC. CMN 156,209 156,209
    THE BANK OF NY MELLON CORP CMN 13,603 13,603
    THE HOME DEPOT, INC. CMN 186,473 186,473
    THE KRAFT HEINZ CO CMN 58,208 58,208
    THE MOSAIC COMPANY CMN 119,051 119,051
    THE SOUTHERN CO. CMN 217,106 217,106
    THE WILLIAMS COMPANIES, INC. CMN 36,237 36,237
    THIRD POINT REINSURANCE LTD CMN 64,180 64,180
    THOMSON REUTERS CORPORATION CMN 71,537 71,537
    TIME WARNER CABLE INC. CMN 59,389 59,389
    TIME WARNER INC. CMN 76,311 76,311
    TIVO INC CMN 55,500 55,500
    TJX COMPANIES INC (NEW) CMN 17,018 17,018
    TOKIO MARINE HOLDINGS, INC. ADR CMN 121,505 121,505
    TOKYO ELECTRON LIMITED UNSPONSORED ADR CMN 57,429 57,429
    TOTAL SA SPONSORED ADR CMN 42,073 42,073
    TRIUMPH GROUP INC CMN 61,295 61,295
    TUPPERWARE BRANDS CORPORATION CMN 15,582 15,582
    U S DOLLAR 8,072 8,072
    U S DOLLAR 567 567
    U.S. BANCORP CMN 110,089 110,089
    UBS AG LINKED TO S&P 500 INDEX BUFFERED CAPPED BETA STRUCTURED NOTE DUE 05/2 239,544 239,544
    UBS AG LNKD TO MSCI EMERGING MKT BUFFERED CAPPED BETA STRUCTURED NOTE DUE 01 31,730 31,730
    UBS AG LNKD TO MSCI EMERGING MKT BUFFERED CAPPED BETA; 42.92 STRUCTURED NOTE 42,245 42,245
    UMPQUA HLDGS CORP CMN 68,402 68,402
    UNDER ARMOUR, INC. CMN CLASS A 8,867 8,867
    UNICHARM CORP. SPONSORED ADR CMN 56,940 56,940
    UNILEVER PLC (NEW) SPONSORED ADR CMN 129,964 129,964
    UNION PACIFIC CORP. CMN 117,300 117,300
    UNITED OVERSEAS BK LTD SPONSORED ADR CMN 98,420 98,420
    UNITED PARCEL SERVICE, INC. CLASS B COMMON STOCK 161,666 161,666
    UNITED TECHNOLOGIES CORP CMN 100,874 100,874
    UNITEDHEALTH GROUP INCORPORATE CMN 184,695 184,695
    VALERO ENERGY CORPORATION CMN 43,982 43,982
    VANGUARD FTSE EMERGING MKTS ETF 2,569,207 2,569,207
    VERIZON COMMUNICATIONS INC. CMN 162,325 162,325
    VERIZON COMMUNICATIONS INC. CMN 119,479 119,479
    VERTEX PHARMACEUTICALS INC CMN 29,948 29,948
    VF CORP CMN 49,178 49,178
    VIACOM INC CMN CLASS A 1,320 1,320
    VIACOM INC CMN CLASS B 27,989 27,989
    VISA INC. CMN CLASS A 117,101 117,101
    VODAFONE GROUP PLC ADR CMN 50,810 50,810
    WADDELL & REED FIN., INC. CLASS A COMMON 165,512 165,512
    WAL MART STORES INC CMN 30,037 30,037
    WAL-MART DE MEXICO SAB DE CV SPONSORED ADR REPSTG SER V SHS 53,069 53,069
    WALGREENS BOOTS ALLIANCE, INC. CMN 117,514 117,514
    WALT DISNEY COMPANY (THE) CMN 120,842 120,842
    WEC ENERGY GROUP, INC. CMN 41,561 41,561
    WELLS FARGO & CO (NEW) CMN 345,730 345,730
    WELLS FARGO & CO (NEW) CMN 234,074 234,074
    WELLS FARGO & COMPANY LINKED TO S&P 500 INDEX BUFFERED CAPPED BETA, 1925.15 243,244 243,244
    WELLS FARGO & COMPANY LNKD TO MSCI EMERGING MKT BUFFERED CAPPED BETA; 45.06 70,294 70,294
    WELLTOWER, INC. CMN 163,952 163,952
    WESTERN DIGITAL CORPORATION CMN 44,257 44,257
    WESTERN UNION COMPANY (THE) CMN 2,382 2,382
    WESTROCK COMPANY CMN 11,405 11,405
    WHIRLPOOL CORP. CMN 16,156 16,156
    WHITING PETROLEUM CORPORATION CMN 378 378
    WYNN RESORTS, LIMITED CMN 17,989 17,989
    XEROX CORPORATION CMN 8,823 8,823
    XILINX INCORPORATED CMN 27,712 27,712
    YAHOO INC CMN 18,293 18,293
    YANDEX N.V. CMN 53,731 53,731
    YUM BRANDS, INC. CMN 52,596 52,596
    ZURICH INS GROUP LTD SPONSORED ADR CMN 89,291 89,291

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    RAY & KAY ECKSTEIN CHARITABLE TRUST
    EIN:
    39-6786592
    US Government Securities - End of Year Book Value:

    1,341,584
    US Government Securities - End of Year Fair Market Value:

    1,341,584
    State & Local Government Securities - End of Year Book Value:


    413,676
    State & Local Government Securities - End of Year Fair Market Value:


    413,676


    TY 2015 InvestmentsOtherSchedule2
    Name:
    RAY & KAY ECKSTEIN CHARITABLE TRUST
    EIN:
    39-6786592
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BROAD STREET REAL ESTATE CREDIT PARTNERS II OFFSHORE FEEDER FUND, L.P. FMV 1,106,344 1,106,344
    DRT INVESTORS OFFSHORE, LP (C) FMV 1,017,773 1,017,773
    FREEPORT SBIC GP, LLC FMV 1,601,300 1,601,300
    GLOBAL ATLANTIC (C) FMV 3,036,000 3,036,000
    GLOBAL PRIVATE OPPORTUNITIES PARTNERS OFFSHORE HOLDINGS LP (C) FMV 656,050 656,050
    GS TACTICAL TILT IMPLEMENTATION FUND INST FMV 4,587,047 4,587,047
    HEDGE FUND OPPORTUNITIES LTD CLASS A SERIES 1 FMV 2,760,142 2,760,142
    HEDGE FUND SELECT: HALCYON PARTNERS OFFSHORE LTD FMV 446,548 446,548
    HEDGE FUND SELECT: JANA OFFSHORE PARTNERS LTD FMV 829,158 829,158
    HEDGE FUND SELECT: THE ADELPHI EUROPE FUND LTD FMV 1,037,529 1,037,529
    MOUNT KELLETT CAPITAL PARTNERS (CAYMAN) CORPORATE ACCESS LP (C) FMV 324,000 324,000
    PRINCETON FUND LTD CLASS A SERIES 1 FMV 1,182,261 1,182,261
    PRIVATE EQUITY MANAGERS (2014) OFFSHORE LP (C) FMV 357,524 357,524
    PRIVATE EQUITY MANAGERS (2015) OFFSHORE S.C.SP (C) FMV 150,880 150,880
    TINICUM TAX EXEMPT L.P FMV 697,003 697,003
    VINTAGE VI OFFSHORE HOLDINGS LP (C) FMV 1,135,869 1,135,869
    WEST STREET ENERGY PARTNERS, L.P. (C) FMV 513,787 513,787

    TY 2015 LandEtcSchedule2
    Name:
    RAY & KAY ECKSTEIN CHARITABLE TRUST
    EIN:
    39-6786592
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    FURNITURE & EQUIPMENT (2013) 48,398 20,399 27,999  
    LEASEHOLD IMPROVEMENTS (2013) 23,157 11,791 11,366  
    FURNITURE & EQUIPMENT (2014) 1,800 493 1,307  
    FURNITURE & EQUIPMENT (2015) 20,582 2,346 18,236  


    TY 2015 LegalFeesSchedule
    Name:
    RAY & KAY ECKSTEIN CHARITABLE TRUST
    EIN:
    39-6786592
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 12,974 0   12,974


    TY 2015 OtherAssetsSchedule
    Name:
    RAY & KAY ECKSTEIN CHARITABLE TRUST
    EIN:
    39-6786592
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PROGRAM-RELATED INVESTMENT 163,930 2,717,594 2,717,594
    RESERVE FOR UNCOLLECTIBLE PROGRAM-RELATED INVESTMENT 0 -2,177,594 -2,177,594


    TY 2015 OtherDecreasesSchedule
    Name:
    RAY & KAY ECKSTEIN CHARITABLE TRUST
    EIN:
    39-6786592
    Description Amount
    CHANGE IN UNREALIZED GAIN/(LOSS) ON INVESTMENTS 6,385,730


    TY 2015 OtherExpensesSchedule
    Name:
    RAY & KAY ECKSTEIN CHARITABLE TRUST
    EIN:
    39-6786592
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 4,508 2,254   2,254
    SUPPLIES 10,190 5,095   5,095
    POSTAGE & MAILING 1,014 507   507
    DUES & SUBSCRIPTIONS 6,271 1,211   5,061
    STAFF DEVELOPMENT 486 243   243
    ADR FEES 6,034 6,034   0
    EQUIPMENT RENTAL & MAINTENANCE 662 331   331
    PARTNERSHIP EXPENSES FROM SCHEDULE K-1'S 0 33,552   0
    OTHER INVESTMENT EXPENSE 769 769   0
    TRUSTEE RELATIONS 180 0   180
    GRANTEE RELATIONS 55 0   55
    CONTRACT LABOR 17,749 8,875   8,874


    TY 2015 OtherIncomeSchedule2
    Name:
    RAY & KAY ECKSTEIN CHARITABLE TRUST
    EIN:
    39-6786592
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INVESTMENT INCOME 563 563 563
    PARTNERSHIP INCOME FROM SCHEDULE K-1'S 0 196,001 0
    LESS: PARTNERSHIP INCOME FROM SCHEDULE K-1'S SUBJECT TO UBIT 0 -45,103 0


    TY 2015 OtherLiabilitiesSchedule
    Name:
    RAY & KAY ECKSTEIN CHARITABLE TRUST
    EIN:
    39-6786592
    Description Beginning of Year - Book Value End of Year - Book Value
    CREDIT CARD PAYABLE 1,000 2,317
    PAYROLL WITHHOLDINGS 5,638 8,113


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    RAY & KAY ECKSTEIN CHARITABLE TRUST
    EIN:
    39-6786592
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY 368,605 368,605   0
    IT CONSULTING 13,698 6,849   6,849


    TY 2015 TaxesSchedule
    Name:
    RAY & KAY ECKSTEIN CHARITABLE TRUST
    EIN:
    39-6786592
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX 47,121 47,121   0
    EXCISE TAX 65,000 0   0
    PARTNERSHIP FOREIGN TAX FROM SCHEDULE K-1'S 0 24   0