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
Ortega Foundation
 
% FOUNDATION SOURCE
Number and street (or P.O. box number if mail is not delivered to street address)FOUNDATION SOURCE 501 SILVERSIDE RD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WILMINGTON, DE19809
A Employer identification number

65-0014714
B Telephone number (see instructions)

(800) 839-1754
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$38,312,293J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 1,313 1,313  
4 Dividends and interest from securities... 696,703 696,703  
5a Gross rents............ 14,980 14,980  
b Net rental income or (loss) -19,693
6a Net gain or (loss) from sale of assets not on line 10 873,500
b Gross sales price for all assets on line 6a 12,676,820
7 Capital gain net income (from Part IV, line 2)... 873,500
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 135,081 134,115  
12 Total. Add lines 1 through 11........ 1,721,577 1,720,611  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 151,737 151,737    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 60,891 41,607    
19 Depreciation (attach schedule) and depletion... Click to see attachment 880 880 0
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 76,928 6,751   70,177
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 290,436 200,975 0 70,177
25 Contributions, gifts, grants paid....... 1,898,643 1,898,643
26 Total expenses and disbursements. Add lines 24 and 25 2,189,079 200,975 0 1,968,820
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -467,502
b Net investment income (if negative, enter -0-) 1,519,636
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 6,458,165 5,670,039 5,670,039
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   2,221    
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) bullet750,065
Less: allowance for doubtful accounts bullet   891,233 Click to see attachment750,065 750,065
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 6,981,826 Click to see attachment5,979,120 6,063,788
b Investments—corporate stock (attach schedule)....... 13,005,874 Click to see attachment15,372,016 17,748,523
c Investments—corporate bonds (attach schedule)....... 4,856,341 Click to see attachment4,569,193 4,551,793
11 Investments—land, buildings, and equipment: basis bullet1,643,194
Less: accumulated depreciation (attach schedule) bullet1,885 1,642,189 Click to see attachment1,641,309 2,263,194
12 Investments—mortgage loans............. 1,876,286 1,264,891 1,264,891
13 Investments—other (attach schedule)..........      
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) 35,714,135 35,246,633 38,312,293
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 attachment22,470 Click to see attachment22,470
23 Total liabilities (add lines 17 through 22)......... 22,470 22,470
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 35,691,665 35,224,163
30 Total net assets or fund balances (see instructions)..... 35,691,665 35,224,163
31 Total liabilities and net assets/fund balances (see instructions). 35,714,135 35,246,633
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
35,691,665
2
Enter amount from Part I, line 27a .....................
2
-467,502
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
35,224,163
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
35,224,163
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
c
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 12,676,820   11,803,320 873,500
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       873,500
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 873,500
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 1,834,177 39,555,992 0.046369
2013 1,524,640 38,493,279 0.039608
2012 763,523 34,470,619 0.02215
2011 305,394 13,494,849 0.02263
2010 322,245 9,644,487 0.033412
2
Total of line 1, column (d) .....................
20.164169
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
0.032834
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
38,409,946
5
Multiply line 4 by line 3......................
5
1,261,152
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
15,196
7
Add lines 5 and 6........................
7
1,276,348
8
Enter qualifying distributions from Part XII, line 4.............
8
1,968,820
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2015)
Form 990-PF (2015)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 15,196
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 15,196
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 15,196
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 36,900
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 36,900
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 21,704
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet15,200 RefundedBullet 11 6,504
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletFL
    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
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletFOUNDATION SOURCE Telephone no.bullet (800) 839-1754

    Located atbullet501 SILVERSIDE RD STE 123WILMINGTONDE ZIP+4bullet198091377
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    ........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
     
    No
    .........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
    Maria Elena Wollberg Trustee
    1.0     		0 0 0
    FOUNDATION SOURCE 501 SILVERSIDE RD
    WILMINGTON,DE19809
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    Merrill Lynch Investment Mgt 151,737
    153 East 53rd Street 47th Floor
    New York,NY10022
    Foundation Source Administrative 70,000
    55 Walls Drive 3rd Floor
    Fairfield,CT06824
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    28,391,759
    b
    Average of monthly cash balances.......................
    1b
    6,324,961
    c
    Fair market value of all other assets (see instructions)................
    1c
    4,278,149
    d
    Total (add lines 1a, b, and c).........................
    1d
    38,994,869
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    38,994,869
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    584,923
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    38,409,946
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,920,497
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    1,920,497
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    15,196
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    15,196
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,905,301
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,905,301
    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
    1,905,301
    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
    1,968,820
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,968,820
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    15,196
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,953,624
    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 1,905,301
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 1,949,025
    b Total for prior years:2013, 2012, 2011  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 1,968,820
    a Applied to 2014, but not more than line 2a 1,949,025
    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..... 19,795
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2015.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		1,885,506
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015.... 0
    Form 990-PF (2015)
    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).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ACADEMIA MARIA REINA
    URBAN COLLEGE PARK 1879 GLASGOW ST
    SAN JUAN,PR00921     		N/A PC General & Unrestricted 27,000
    ALZHEIMERS FOUNDATION OF AMERICA INC
    322 8TH AVE 7TH FL
    NEW YORK,NY10001     		N/A PC General & Unrestricted 50,000
    AMERICAN CANCER SOCIETY - FLORIDA DIVISION
    3709 W JETTON AVE
    TAMPA,FL33629     		N/A PC General & Unrestricted 80,000
    ARCHBISHOP'S CHARITIES AND DEVELOPMENT DRIVE
    9401 BISCAYNE BLVD
    MIAMI SHORES,FL33138     		N/A PC ABCD Drive Campaign 5,000
    ASSOCIATION FOR THE DEVELOPMENT OF THE EXCEPTIONAL
    25 E 4TH ST
    HIALEAH,FL33010     		N/A PC General & Unrestricted 10,000
    AUTISM SPEAKS INC - MIAMI FL
    5805 BLUE LAGOON DR STE 110
    MIAMI,FL33126     		N/A PC General & Unrestricted 3,500
    BAPTIST HEALTH SOUTH FLORIDA FOUNDATION INC
    6855 RED RD STE 600
    CORAL GABLES,FL33143     		N/A PC Doctors Hospital Gala Project 15,000
    BELEN JESUIT PREPARATORY SCHOOL INC
    500 SW 127TH AVE
    MIAMI,FL33184     		N/A PC General & Unrestricted 25,000
    BET SHIRA EARLY CHILDHOOD CENTER PTC INC
    7500 SW 120TH ST
    MIAMI,FL33156     		N/A PC General & Unrestricted 1,000
    BIG BROTHERS AND BIG SISTERS OF GREATER MIAMI
    701 SW 27TH AVE STE 80
    MIAMI,FL33135     		N/A PC General & Unrestricted 5,000
    CAMILLUS HOUSE INC
    PO BOX 11829
    MIAMI,FL33101     		N/A PC General & Unrestricted 100,000
    CHRISTOPHER COLUMBUS HIGH SCHOOL
    3000 SW 87TH AVE
    MIAMI,FL33165     		N/A PC General & Unrestricted 25,000
    CHURCH OF THE EPIPHANY
    8081 SW 54TH COURT
    MIAMI,FL33143     		N/A PC Mission in Puerto Quito, Ecuador Fund 15,000
    CHURCH OF THE EPIPHANY
    8081 SW 54TH COURT
    MIAMI,FL33143     		N/A PC Sisters of the Holy Spirit - Tanzania Fund 3,000
    CITY YEAR INC - MIAMI
    44 W FLAGLER ST STE 500
    MIAMI,FL33130     		N/A PC General & Unrestricted 100,000
    COLEGIO SAN IGNACIO DE LOYOLA
    1940 CALLE SAUCO
    SAN JUAN,PR00927     		N/A PC Beca Clase del 1974 Scholarship Fund 1,000
    DOGS IN CRISIS INC
    16241 SW 282ND ST
    HOMESTEAD,FL33033     		N/A PC General & Unrestricted 7,500
    EPIPHANY SCHOOL ENDOWMENT FUND
    8081 SW 54 COURT
    MIAMI,FL33143     		N/A PC General & Unrestricted 35,000
    FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION INC
    11200 SW 8TH ST MARC 531
    MIAMI,FL33199     		N/A PC General & Unrestricted 1,000
    FOUNDATION FOR HUMAN RIGHTS IN CUBA INC
    2147 SW 8TH ST
    MIAMI,FL33135     		N/A PC General & Unrestricted 25,000
    G Moreno
    7737 SW 88TH ST BLDG C APT 304
    Miami,FL33156     		None I Scholarship Grant 1,653
    G Moreno
    7737 SW 88TH ST BLDG C APT 304
    Miami,FL33156     		None I Scholarship grant 1,257
    G Moreno
    7737 SW 88TH ST BLDG C APT 304
    Miami,FL33156     		none I Scholarship grant 1,277
    HABITAT FOR HUMANITY INTERNATIONAL INC DBA HABITAT
    3800 NW 22ND AVE
    MIAMI,FL33142     		N/A PC General & Unrestricted 100,000
    HUMANE SOCIETY OF THE UNITED STATES
    2100 L ST NW
    WASHINGTON,DC20037     		N/A PC General & Unrestricted 10,000
    ILAC FOUNDATION INC
    PO BOX 140727
    CORAL GABLES,FL33114     		N/A PC General & Unrestricted 25,000
    INDEPENDENT SECTOR
    1602 L ST NW STE 900
    WASHINGTON,DC20036     		N/A PC General & Unrestricted 5,000
    JACKSON HEALTH FOUNDATION INC
    1501 NW N RIVER DR FL 1
    MIAMI,FL33125     		N/A PC Children's Cancer Fund 2,000
    J Gonzalez
    9121 SW 48TH ST
    Miami,FL33165     		None I Scholarship Grant 2,395
    JUSTIN BARTLETT ANIMAL RESCUE
    164 MARTIN CIR
    ROYAL PLM BCH,FL33411     		N/A PC General & Unrestricted 1,000
    K9S FOR WARRIORS
    260 S ROSCOE BLVD
    PONTE VEDRA BEACH,FL32082     		N/A PC General & Unrestricted 5,000
    LIGA CONTRA EL CANCER INC LEAGUE AGAINST CANCER IN
    2180 SW 12TH AVE
    MIAMI,FL33129     		N/A PC General & Unrestricted 450,000
    MAKE A WISH FOUNDATION OF SOUTHERN FLORIDA INC
    4491 S SR 7
    FT LAUDERDALE,FL33314     		N/A PC Granting Wishes Project 50,000
    MARIAN CENTER CHARITABLE TRUST
    15701 NW 37TH AVE
    OPA LOCKA,FL33054     		N/A SO II General & Unrestricted 50,000
    MEDICAL STUDENTS IN ACTION INC
    7401 SW 53RD CT
    MIAMI,FL33143     		N/A PC General & Unrestricted 10,000
    MIAMI CHILDRENS HOSPITAL FOUNDATION INC
    3100 SW 62ND AVE
    MIAMI,FL33155     		N/A PC General & Unrestricted 15,000
    MIAMI MIRACLES BASEBALL INTERNATIONAL INC
    7858 NW 189TH ST
    HIALEAH,FL33015     		N/A PC General & Unrestricted 500
    MINDO FUTURES INC
    3500 E GLENCOE ST
    MIAMI,FL33133     		N/A PC General & Unrestricted 15,000
    NATIONAL PARKINSON FOUNDATION INC
    200 SE 1ST ST STE 800
    MIAMI,FL33131     		N/A PC General & Unrestricted 1,000
    NORTHEASTERN UNIVERSITY
    360 HUNTINGTON AVE 250 CP
    BOSTON,MA02115     		N/A PC Engineering Emergency Grant Fund 20,000
    OPERATION PEDRO PAN GROUP INC
    161 MADEIRA AVE
    CORAL GABLES,FL33134     		N/A PC General & Unrestricted 5,000
    OUR LADY OF LOURDES ACADEMY
    5525 SW 84TH ST
    MIAMI,FL33143     		N/A PC General & Unrestricted 25,000
    OUTLAWS YOUTH SPORTS PROGRAM CORP
    8905 NW 168TH ST
    MIAMI LAKES,FL33018     		N/A PC JEDI Youth baseball Program 2,000
    J Velazquez
    PONTIFICAL CATHOLIC UNIV PUERTO RIC
    2250 BLVD LUIS A FERRE AGUAUYO
    PONCE,PR00717     		None I Scholarship Grant 5,943
    POSSE FOUNDATION-MIAMI CHAPTER
    1101 BRICKELL AVE STE 1000N
    MIAMI,FL33131     		N/A PC General & Unrestricted 5,000
    REGIS HOUSE INC
    2010 NW 7TH ST
    MIAMI,FL33125     		N/A PC General & Unrestricted 5,000
    SER-JOBS FOR PROGRESS INC
    5600 NW 36 ST STE 561
    MIAMI,FL33166     		N/A PC General & Unrestricted 5,000
    SOCIETY OF SAINT VINCENT DE PAUL ARCHDIOCESAN COUN
    9401 BISCAYNE BLVD
    MIAMI SHORES,FL33138     		N/A PC St. Michael's Catholic Church Fund 5,000
    SSJ HEALTH FOUNDATION INC
    3661 S MIAMI AVE STE 103
    MIAMI,FL33133     		N/A PC General & Unrestricted 20,000
    ST JUDE CHILDRENS RESEARCH HOSPITAL INC
    501 ST JUDES PL
    MEMPHIS,TN38105     		N/A PC Patient Care Fund 50,000
    ST JUDE CHILDRENS RESEARCH HOSPITAL INC
    501 ST JUDES PL
    MEMPHIS,TN38105     		N/A PC Cancer Research Program 50,000
    ST JUDE CHILDREN'S RESEARCH HOSPITAL
    5201 BLUE LAGOON DR STE 650
    MIAMI,FL33126     		N/A PC General & Unrestricted 2,500
    THE MIAMI FOUNDATION INC
    200 S BISCAYNE BLVD STE 505
    MIAMI,FL33131     		N/A PC The Ortega Foundation Scholarship Fund 108,000
    THE MIAMI FOUNDATION INC
    200 S BISCAYNE BLVD STE 505
    MIAMI,FL33131     		N/A PC Ortega Foundation Donor Advised Fund 200,000
    THE UNIVERSITY OF TEXAS MD ANDERSON CANCER CENTER
    PO BOX 4486
    HOUSTON,TX77210     		N/A PC Dr. Eng's Ortega Foundation for Colorectal Research Fund 50,000
    TRI COUNTY HUMANE SOCIETY
    21287 BOCA RIO RD
    BOCA RATON,FL33433     		N/A PC General & Unrestricted 10,000
    UNITED STATES EQUESTRIAN TEAM FOUNDATION INC
    PO BOX 355
    GLADSTONE,NJ07934     		N/A PC North American YR Championships in Kentucky 10,000
    K Mora
    UNIVERSITY OF FLORIDA
    PO BOX 113201
    GAINESVILLE,FL32611     		None I Scholarship Grant 2,314
    K Mora
    UNIVERSITY OF FLORIDA
    PO BOX 113201
    GAINESVILLE,FL32611     		None I Scholarship Grant 2,804
    URBANPROMISE MIAMI INC
    677 SW 1ST ST 2ND FL
    MIAMI,FL33130     		N/A PC General & Unrestricted 10,000
    VOICES FOR CHILDREN FOUNDATION INC
    601 NW 1ST CT FL 10
    MIAMI,FL33136     		N/A PC General & Unrestricted 10,000
    WOMEN OF TOMORROW MENTOR AND SCHOLARSHIP PROGRAM I
    22 E FLAGLER ST 6TH FLR
    MIAMI,FL33131     		N/A PC General & Unrestricted 5,000
    WWP INC
    PO BOX 758517
    TOPEKA,KS66675     		N/A PC General & Unrestricted 10,000
    Total .................................bullet 3a 1,898,643
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		    14 1,313  
    4 Dividends and interest from securities....     14 696,703  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 -19,693  
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 873,500  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aFederal Tax Refund     		    01 966  
    bINTEREST ON LOANS RECEIVABLE     14 87,936  
    cINTEREST ON NOTES RECEIVABLE     14 46,179  
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   1,686,904  
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,686,904
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


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    Form 990PF - Special Condition Description:
    Special Condition Description

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    TY 2015 DepreciationSchedule
    Name:
    Ortega Foundation
    EIN:
    65-0014714
    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
    LAND - 29003 SOUTH 2011-12-31 1,000,000   L          
    LAND - 6222 CLARCO 2009-09-19 630,000   L          
    FENCE-29003 S DIXI 2013-08-05 13,194 1,005 SL 15 880 880    

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    Ortega Foundation
    EIN:
    65-0014714
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AMER INTERNATIONAL GROUP INC - 61,364 62,718
    AMERICAN EXPRESS - 2.375% - 03 234,046 227,444
    AMERICAN EXPRESS CR CORP - 2.8 52,946 50,637
    ANHEUSER BUSCH INBEV WOR - 2.5 115,189 110,639
    APPLE INC - 1.000% - 05/03/201 50,056 49,594
    AT&T INC BD - 5.500% - 02/01/2 202,353 204,219
    BANK OF NY MELLON - 3.000% - 0 121,450 117,922
    BHP BILLITON FIN USALTD NOTE - 225,418 222,547
    BNP PARIBAS - 3.250% - 03/03/2 66,006 66,914
    BP CAPITAL MARKETS PLC - 2.521 75,248 74,756
    BP CAPITAL MARKETS PLC MTN - 2 147,432 145,441
    BRISTOL MYERS SQUIBB CO - 0.87 50,633 50,716
    CAPITAL ONE - 3.200% - 02/05/2 66,509 64,765
    CISCO SYSTEMS INC - 4.450% - 0 210,805 216,524
    CITIGROUP INC - 3.953% - 06/15 90,304 87,192
    CITIGROUP INC SR NT - 4.500% - 110,366 122,102
    COMCAST CORP - 3.600% - 03/01/ 296,466 303,890
    COSTCO WHSL CORP - 1.700% - 12 55,196 54,536
    CVS CAREMARK CORP - 3.500% - 0 55,331 55,965
    ENTERPRISE PROD - 3.750% - 02/ 61,546 53,968
    GOLDMAN SACHS GROUP INC - 5.25 77,562 85,133
    GOLDMAN SACHS GROUP INC NOTE - 233,352 239,953
    GOLDMAN SACHS GROUP INC NTS - 53,213 48,860
    HCP INC NOTE - 2.625% - 02/01/ 95,278 95,511
    JPMORGAN CHASE & CO SR NT - 4. 64,945 63,645
    KINDER MORGAN ENERGY PARTNERS 58,144 50,490
    MEDTRONIC INC - 1.500% - 03/15 56,022 55,968
    METLIFE - 3.600% - 04/10/2024 50,373 51,300
    MORGAN STANLEY - 2.125% - 04/2 60,285 60,080
    MORGAN STANLEY - 2.650% - 01/2 148,464 145,603
    ORACLE CORP - 2.800% - 07/08/2 81,102 82,046
    REYNOLDS AMERICAN INC - 2.300% 56,484 56,352
    TORONTO DOMINION BANK - 1.750% 55,978 55,918
    TOTAL CAPITAL INTERNATIONAL - 60,383 60,107
    TOYOTA MTR CRD CORP - 1.375% - 76,366 76,154
    UNITED HEALTH GP - 3.350% - 07 66,154 66,485
    UNITED MEXICAN STS - 3.625% - 67,403 66,396
    VERIZON COMMUNICATIONS - 4.600 105,966 103,185
    VERIZON COMMUNICATIONS - 6.350 202,616 200,255
    VISA INC NOTE - 0.028% - 12/14 242,828 242,999
    WELLS FARGO CO - 3.500% - 03/0 114,270 109,217
    WELLS FARGO CO - 4.100% - 06/0 113,088 114,061
    WELLS FARGO CO MTN BE - 3.300% 80,253 79,586

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    Ortega Foundation
    EIN:
    65-0014714
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CO 94,778 144,765
    ABBOTT LABS 9,729 36,197
    ABBVIE INC 36,478 71,443
    ACTIVISION BLIZZARD INC 65,327 75,020
    AETNA INC 77,416 120,338
    ALEXION PHARMACEUTICALS, INC 80,309 96,901
    ALPHABET INC CL A 63,213 154,046
    ALPHABET INC CL C 47,179 106,243
    ALTRIA GROUP INC 170,842 204,026
    AMER INTERNATIONAL GROUP INC 169,624 222,224
    AMERICAN EXPRESS CO 17,776 20,517
    AMGEN INC 52,780 114,118
    ANHEUSER BUSCH COS INC 25,929 29,125
    ANSELL LTD SP ADR 12,024 12,016
    ANTHEM INC 87,001 87,289
    APPLE INC 145,228 164,206
    ASML HOLDING NV NY REG SHS 127,393 115,490
    ASSA ABLOY UNSP/ADR 23,502 40,747
    ASTRAZENECA 294,039 305,143
    ATLAS COPCO AB A SHS ADR 17,488 14,530
    BANK OF CHINA UNSP/ADR 126,334 98,501
    BATS SERIES M PORTFOLIO 529,573 527,349
    BHP BILLITON LIMITED 59,346 22,695
    BP PLC SPONSORED ADR 111,817 85,371
    BRISTOL-MYERS SQUIBB CO 45,172 80,347
    BRITISH AMERICAN TOBACCO PLC 48,948 47,494
    BROCADE COMMUNICATIONS SYST IN 56,710 55,961
    CARNIVAL CORP 92,599 110,867
    CDW CORP 59,958 61,294
    CENTENE CORP 62,126 53,504
    CHARTER ONE FINL INC 24,402 23,257
    CHEVRON CORP 81,318 81,324
    CIGNA 124,274 134,770
    CISCO SYSTEMS INC 139,570 149,135
    CITIGROUP INC 308,982 371,876
    CME GROUP, INC 49,862 57,440
    CMS ENERGY CP 53,696 55,780
    COGNIZANT TECHNOLOGY SOLUTIONS 90,246 85,468
    COMCAST CORP 196,610 276,846
    COMPAGNIE DE SAINT G 65,229 65,719
    CONOCOPHILLIPS 47,077 40,527
    CVS CAREMARK CORP 93,360 161,712
    DBS GROUP HLDGS SPON ADR 23,509 19,894
    DEUTSCHE POST AG 33,652 30,197
    DIAGEO PLC ADS 86,536 89,219
    DOLLAR GENERAL CORP 139,743 135,475
    DOMINION RESOURCES INC 82,955 98,822
    DOW CHEMICAL PV 109,303 146,049
    DR PEPPER SNAPPLE GROUP, INC 51,617 73,814
    DU PONT DE NEMOURS 89,935 127,539
    ESTEE LAUDER COMPANIES INC 64,623 70,184
    EUTELSAT COMMUNICATIONS 23,523 20,394
    EVERSOURCE ENERGYINC 28,301 41,775
    EXELON CORPORATION 50,797 45,793
    EXXON MOBIL CORP 167,104 214,908
    FACEBOOK INC 68,738 104,137
    FEDEX CORPORATION 90,587 73,452
    FINNING INTL INC 119,164 84,254
    FREEPORT-MCMORAN COPPER & GOLD 52,976 43,518
    GAP INC 66,422 48,116
    GENERAL ELECTRIC CO 189,923 279,727
    GENUINE PARTS COMPANY 39,970 38,822
    GILEAD SCIENCES INC 90,136 87,529
    GIVAUDAN SA UNSP/ADR 21,783 23,968
    GLAXOSMITHKLINE PLC 20,842 16,301
    GOLDMAN SACHS GROUP 138,848 159,323
    H&R BLOCK INC 43,691 43,403
    HENNES & MAURITZ AB 15,842 13,680
    HOME DEPOT INC 174,062 293,066
    HONEYWELL INTL 70,444 101,395
    HSBC HOLDINGS PLC 23,341 17,801
    HUMANA INC 70,043 67,298
    IMPERIAL TOBACCO GROUP PLC 42,042 47,799
    ING GROUP N V SPONSORED ADR 101,995 101,933
    INTEL CORP 184,046 218,344
    INTERNATIONAL BUSINESS MACHINE 13,107 30,276
    INTERNATIONAL PAPER CO 81,776 63,902
    JAPAN TOBACCO INC 30,940 34,973
    JOHNSON & JOHNSON 85,896 158,908
    JP MORGAN CHASE 294,354 478,983
    KBC GROUP SA UNSP ADR 125,698 132,730
    KINGFISHER PLC 147,025 134,243
    KONE OYJ 20,260 20,258
    KROGER CO 74,893 103,278
    KYOWA HAKKO KIRIN CO., LTD 47,198 61,273
    LABORATORY CORP AMER HLDGS 63,375 72,453
    LEAR CORP 76,591 82,419
    LENNAR CORP 60,317 58,154
    LIBERTY GLOBAL PLC - SERIES A 120,571 107,679
    LINEAR TECHNOLOGY CORP 34,003 34,273
    LLOYDS TSB GROUP PLC 161,410 137,907
    LOCKHEED MARTIN CORP 70,859 80,997
    LOWES COMPANIES INC 84,458 158,011
    M&T BANK CORP 25,784 26,054
    MAGNA INTERNATIONAL INC 62,186 46,198
    MARATHON OIL CORP COM 31,884 14,642
    MARATHON PETROLEUM CORP 59,521 85,795
    MASTERCARD INC 70,500 128,515
    MATTELL INC 150,363 163,862
    MAZDA MOTOR CORP 105,578 105,810
    MCDONALD'S CORP 53,699 129,836
    MCKESSON CORP 42,296 104,335
    MERCK & CO INC 115,895 140,184
    METLIFE INC 84,551 76,895
    MICRON TECHNOLOGY 127,963 57,631
    MICROSOFT CORP 230,754 334,766
    MOLSON COOR BREW CO CL B 61,131 86,031
    MONDELEZ INTERNATIONAL INC 40,729 52,239
    MORGAN STANLEY 117,008 108,122
    MOTOROLA SOLUTIONS INC 46,003 51,338
    NATL BK OF CANADA 13,822 9,781
    NESTLE S.A 34,635 33,712
    NEXTERA ENERGY, INC 69,213 106,279
    NORTHROP GRUMMAN CORP 45,452 111,020
    NOVARTIS AG ADR 42,197 41,471
    NOVO NORDISK A S 16,184 17,366
    OCCIDENTAL PETROLEUM CORP 139,407 112,097
    ORACLE CORP 124,237 120,038
    PACKAGING CORP AMER 35,547 49,557
    PEPSICO INC 23,138 26,679
    PFIZER INC 194,666 227,316
    PHILIP MORRIS INTL 83,547 93,448
    PRAXAIR INC 29,685 29,594
    PRICELINE.COM INCORPORATED 85,861 90,521
    PROCTER GAMBLE CO 80,726 132,774
    PRUDENTIAL FINCL INC 83,437 98,750
    PT BK MANDIR PRS UNSP/ADR 124,172 106,046
    PUBLIC SVC ENTERPRISE GROUP IN 119,409 112,162
    QUALCOMM INC 114,098 82,525
    QUEST DIAGNOSTICS 69,989 68,437
    RAYTHEON CO 155,077 242,584
    RECRUIT HLDGS CO LTD JPY 148,872 139,624
    REYNOLDS AMERICAN INC 61,243 72,179
    ROCHE HOLDING LTD ADR 25,516 24,198
    ROGERS COMM CL B 43,345 38,147
    ROSS STORES, INC 23,973 75,119
    ROYAL DUTCH SHEL PLC SPONS ADR 152,961 133,838
    ROYAL MAIL PLC 84,334 78,360
    SANDS CHINA LTD UNSP ADR 13,813 10,120
    SANOFI-AVENTIS SPONSORED ADR 39,400 31,988
    SCHLUMBERGER LTD 166,072 166,563
    SGS SA UNSP ADR 13,161 12,663
    SHIRE PLC 146,343 126,690
    SINGAPORE TELE ADR 14,707 12,695
    SK TELECOM ADS ADS 125,471 102,604
    SKF AB ADR 66,151 59,292
    SONIC HEALTHCARE LTD 11,724 10,894
    SOUTHWEST AIRLINES 83,344 99,942
    SUMCO CORP ADR 48,326 41,311
    SUNCOR ENERGY INC 93,666 70,898
    SUNTRUST BKS INC 173,893 228,080
    SVENSKA HANDELSBK UNS ADR 14,112 11,458
    SYNGENTA AG ADS 32,237 34,326
    TAIWAN SEMICONDUCTOR MFG CO LT 68,639 78,761
    TELEFONICA BRASIL, S.A 70,340 61,359
    TELUS CORP 47,489 38,655
    TEVA PHARMACEUTICAL INDUSTRIES 218,397 246,084
    TH K CO LTD 105,132 113,615
    THE COCA-COLA CO 115,194 125,744
    TOTAL FINA ELF S.A 97,984 88,596
    TRAVELERS COMPANIES INC 99,962 178,206
    TREND MICRO INCORPORATED - AME 86,963 101,044
    TRIPADVISOR LLC 48,289 55,839
    TYCO INTERNATIONAL LTD 47,270 37,694
    UNILEVER N V N Y 37,791 42,887
    UNION PACIFIC 54,040 48,171
    UNITED CONTINENTAL HOLDINGS IN 45,363 82,684
    UNITED PARCEL SERVICE 83,941 89,013
    UNITED TECHNOLOGIES CORP 60,564 58,122
    UNITEDHEALTH GROUP INC 189,529 218,457
    UNIVERSAL HLTH SVC B 68,887 88,423
    US BANCORP 194,155 254,825
    VALERO ENERGY CORP 55,763 112,712
    VERIZON COMMUNICATIONS 147,175 168,333
    VIACOM INC. CL B 30,217 24,243
    VODAFONE GROUP PLC 179,350 165,139
    WELLS FARGO & CO 161,580 254,187
    WESTERN DIGITAL CORP 80,595 53,805
    WEYERHAEUSER CO 29,911 46,259

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    Ortega Foundation
    EIN:
    65-0014714
    US Government Securities - End of Year Book Value:

    5,979,120
    US Government Securities - End of Year Fair Market Value:

    6,063,788
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2015 InvestmentsLandSchedule2
    Name:
    Ortega Foundation
    EIN:
    65-0014714
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND - 29003 SOUTH 1,000,000   1,000,000 1,620,000
    LAND - 6222 CLARCO 630,000   630,000 630,000
    FENCE-29003 S DIXI 13,194 1,885 11,309 13,194

    TY 2015 OtherExpensesSchedule
    Name:
    Ortega Foundation
    EIN:
    65-0014714
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 70,000     70,000
    Bank Charges 3,981 3,981    
    Miscellaneous 1,020 1,020    
    Office Supplies 177     177
    PERMIT FEE 1,750 1,750    


    TY 2015 OtherIncomeSchedule2
    Name:
    Ortega Foundation
    EIN:
    65-0014714
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    INTEREST ON LOANS RECEIVABLE 87,936 87,936  
    INTEREST ON NOTES RECEIVABLE 46,179 46,179  
    Federal Tax Refund 966    


    TY 2015 OtherLiabilitiesSchedule
    Name:
    Ortega Foundation
    EIN:
    65-0014714
    Description Beginning of Year - Book Value End of Year - Book Value
    SECURITY DEPOSIT 22,470 22,470


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

    TY 2015 OtherNotesLoansRcvblLongSch
    Name:
    Ortega Foundation
    EIN:
    65-0014714

    Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
    MIYAKO USA INC NOTE   850,000 670,000 2012-12 2027-02 MONTHLY PRINCIPAL & INTEREST 525 % INVENTORY & EQUIPMENT INVESTMENT N/A N/A  
    MIYAKO USA INC SALE OF INT NOTE   286,376 80,065 2013-03 2017-01 MONTHLY PRINCIPAL & INTEREST 5 % NONE INVESTMENT N/A N/A  

    TY 2015 OtherProfessionalFeesSchedule
    Name:
    Ortega Foundation
    EIN:
    65-0014714
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 151,737 151,737    


    TY 2015 TaxesSchedule
    Name:
    Ortega Foundation
    EIN:
    65-0014714
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2015 17,700      
    990-PF Extension for 2014 1,584      
    Foreign Tax Paid 10,584 10,584    
    Property Taxes 31,023 31,023