Form990-PF
Click to see attachment

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
THE BILL AND JOAN ALFOND FOUNDATION
C/O DEXTER ENTERPRISES INC
Number and street (or P.O. box number if mail is not delivered to street address)TWO MONUMENT SQUARE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PORTLAND, ME04101
A Employer identification number

01-0421806
B Telephone number (see instructions)

(207) 828-7999
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$52,864,664J 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 200,787 200,763  
4 Dividends and interest from securities... 422,013 422,013  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 2,185,626
b Gross sales price for all assets on line 6a 2,391,829
7 Capital gain net income (from Part IV, line 2)... 1,935,622
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 14,662 14,662  
12 Total. Add lines 1 through 11........ 2,823,088 2,573,060  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 8,525 2,131   6,394
c Other professional fees (attach schedule).... Click to see attachment 237,175 15,678   221,497
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 41,014 8,514   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 265,923 262,726   597
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 552,637 289,049   228,488
25 Contributions, gifts, grants paid....... 2,529,948 2,529,948
26 Total expenses and disbursements. Add lines 24 and 25 3,082,585 289,049   2,758,436
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -259,497
b Net investment income (if negative, enter -0-) 2,284,011
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......... 74,684 62,847 62,847
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 199,684 Click to see attachment193,684 27,811,423
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 21,614,724 Click to see attachment22,953,064 24,990,394
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) 21,889,092 23,209,595 52,864,664
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)......   1,580,000
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 1,580,000
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........ 21,889,092 21,629,595
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see instructions)..... 21,889,092 21,629,595
31 Total liabilities and net assets/fund balances (see instructions). 21,889,092 23,209,595
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
21,889,092
2
Enter amount from Part I, line 27a .....................
2
-259,497
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
21,629,595
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
21,629,595
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   1993-11-07  
b DEXTER US EQUITY TE LLC P    
c DEXTER US EQUITY TE LLC P    
d DEXTER INTERNATIONAL EQUITY TE LLC P    
e DEXTER INTERNATIONAL EQUITY TE LLC P    
DEXTER GLOBAL EQUITY TE LLC P    
DEXTER GLOBAL EQUITY TE LLC P    
THE FAIRHOLME PARTNERSHIP, LP P    
THE FAIRHOLME PARTNERSHIP, LP P    
DEXTER REAL ASSETS TE LLC P    
DEXTER REAL ASSETS TE LLC P    
DEXTER PRIVATE EQUITY TE LLC P    
DEXTER PRIVATE EQUITY TE LLC P    
DEXTER HEDGE FUNDS TE LLC P    
DEXTER HEDGE FUNDS TE LLC P    
DEXTER FIXED INCOME TE LLC P    
DEXTER FIXED INCOME TE LLC P    
LEGACY VENTURE VI (QP), LLC P    
LEGACY VENTURE VI (QP), LLC P    
LEGACY VENTURE V (QP), LLC P    
LEGACY VENTURE V (QP), LLC P    
CAPITAL GAINS DIVIDENDS P    
(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 1,344,260   4,600 1,339,660
b 17,840     17,840
c 197,378     197,378
d     11,569 -11,569
e 30,839     30,839
    29,746 -29,746
52,987     52,987
6,382     6,382
23,136     23,136
30     30
28,125     28,125
1,095     1,095
28,131     28,131
    2,398 -2,398
    150,701 -150,701
    5,789 -5,789
1,755     1,755
2,227     2,227
41,362     41,362
11,360     11,360
293,903     293,903
59,615     59,615
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       1,339,660
b       17,840
c       197,378
d       -11,569
e       30,839
      -29,746
      52,987
      6,382
      23,136
      30
      28,125
      1,095
      28,131
      -2,398
      -150,701
      -5,789
      1,755
      2,227
      41,362
      11,360
      293,903
      59,615
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,935,622
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 1,998,947 53,636,159 0.037269
2013 1,189,958 42,991,501 0.027679
2012 1,171,385 24,945,152 0.046958
2011 502,069 23,884,140 0.021021
2010 1,141,918 17,518,071 0.065185
2
Total of line 1, column (d) .....................
20.198112
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
0.039622
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
54,459,171
5
Multiply line 4 by line 3......................
5
2,157,781
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
22,840
7
Add lines 5 and 6........................
7
2,180,621
8
Enter qualifying distributions from Part XII, line 4.............
8
2,758,436
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 22,840
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 22,840
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 22,840
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 27,075
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 4,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 31,075
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 8,235
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet8,235 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
 
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)
    bulletME
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletDEXTER ENTERPRISES INC Telephone no.bullet (207) 828-7999

    Located atbulletTWO MONUMENT SQUAREPORTLANDME ZIP+4bullet04101
    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
    JOAN ALFOND VICE PRES, TREAS, DIRECTOR
    7.50     		0 0 0
    14 OTIS PLACE
    BOSTON,MA02108
    GREGORY POWELL SEE GENERAL EXPLANTN SECRETARY
    1.50     		0 0 0
    TWO MONUMENT SQUARE
    PORTLAND,ME04101
    WILLIAM ALFOND PRESIDENT, DIRECTOR
    12.50     		0 0 0
    14 OTIS PLACE
    BOSTON,MA02108
    KENDEN ALFOND DIRECTOR
    1.00     		0 0 0
    TWO MONUMENT SQUARE
    PORTLAND,ME04101
    JUSTIN ALFOND DIRECTOR
    1.00     		0 0 0
    TWO MONUMENT SQUARE
    PORTLAND,ME04101
    REIS ALFOND DIRECTOR
    1.00     		0 0 0
    925 PARK AVENUE APT 9/10B
    NEW YORK,NY10028
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 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
    THE HALLEE GROUP LLC GRANT CONSULTING 89,023
    PO BOX 284
    OAKLAND,ME04963
    MARGARET VAILLANCOURT GRANT CONSULTING 79,000
    29 CONSTELLATION WHARF
    CHARLESTOWN,MA02129
    DEXTER ENTERPRISES INC INVESTMENT & GRANT ADMINISTRATION 62,714
    TWO MONUMENT SQUARE
    PORTLAND,ME04101
    LEGACY VENTURE V (QP) LLC INVESTMENT FLOWTHRU PORTFOLIO DEDUCTIONS 50,954
    180 LYTTON AVENUE
    PALO ALTO,CA94301
    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 NONE 0
    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 NONE 0
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    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
    55,105,924
    b
    Average of monthly cash balances.......................
    1b
    182,574
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    55,288,498
    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
    55,288,498
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    829,327
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    54,459,171
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,722,959
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    2,722,959
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    22,840
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    22,840
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,700,119
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,700,119
    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
    2,700,119
    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
    2,758,436
    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
     
    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
    2,758,436
    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
    22,840
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,735,596
    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 2,700,119
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 2,509,383
    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$ 2,758,436
    a Applied to 2014, but not more than line 2a 2,509,383
    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..... 249,053
    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 ..........     		2,451,066
    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).)
    WILLIAM ALFOND
    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:
    THE BILL JOAN ALFOND FOUNDATION CO
    TWO MONUMENT SQUARE
    PORTLAND,ME04101
    (207) 828-7999
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICANTS SHOULD SUBMIT THEIR REQUESTS AS FOLLOWS: (1) A BRIEF (1-3 PAGE) LETTER DESCRIBING THE PROJECT, DRIVE OR CAMPAIGN. THIS SHOULD INCLUDE A STATEMENT OF NEED, NUMBER OF PEOPLE BENEFITED, GEOGRAPHIC AREA SERVED, TOTAL FUND RAISING GOAL, STRATEGY AND AMOUNT REQUESTED FROM THE FOUNDATION, (2) CAPITAL CAMPAIGNS AND SPECIAL PROJECTS SHOULD ALSO INCLUDE A BUDGET, (3) ORGANIZATIONS SHOULD ENCLOSE A COPY OF THEIR 501(C)(3) DETERMINATION LETTER, (4) OTHER SUPPORTING MATERIAL.
    cAny submission deadlines:
    NO SUBMISSION DEADLINES.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE FOUNDATION CONTRIBUTES TO ORGANIZATIONS IN THE FIELD OF HIGHER EDUCATION. THE FOUNDATION ALSO CONTRIBUTES TO WORTHY CHARITIES WITHIN ITS PRINCIPAL AREA OF GEOGRAPHIC INTEREST. WHEN CONSIDERING MAJOR GRANTS, THE FOUNDATION NORMALLY REQUIRES THAT THE GRANTEE RAISE MATCHING FUNDS FROM OTHER ORGANIZATIONS AND INDIVIDUALS.
    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
    TWOTEN INTERNATIONAL FOOTWEAR FOUNDATION
    1466 MAIN STREET
    WALTHAM,MA02154     		  PC SCHOLARSHIPS 210
    KENNEBEC VALLEY COMMUNITY COLLEGE
    92 WESTERN AVE
    FAIRFIELD,ME04937     		  GOV B. WOODLEE SCHOLARSHIP FUND 250
    MASSACHUSETTS GENERAL HOSPITAL
    DEVELOPMENT OFFICE 165 CAMBRIDGE
    STREET STE 600
    BOSTON,MA02114     		  PC DYSTONIA PROGRAM 250
    PRESIDENT AND TRUSTEES OF COLBY COLLEGE
    4605 MAYFLOWER HILL
    WATERVILLE,ME04901     		  PC COLBY ATHLETICS 250
    EDUCARE CENTRAL MAINE
    97 WATER STREET
    WATERVILLE,ME04901     		  PC UNRESTRICTED 300
    BELMONT GOLF SCHOLARSHIP FUND
    219 BEAR HILL ROAD
    WALTHAM,MA02451     		  PC SCHOLARSHIP FUND 316
    FRIENDS OF QUARRY ROAD
    C/O FRANKLIN BOUCHARD TREASURER PO
    BOX 362
    FAIRFIELD,ME04937     		  PC UNRESTRICTED 500
    KENNEBEC VALLEY COMMUNITY ACTION PROGRAM
    97 WATER STREET
    WATERVILLE,ME04901     		  PC UNRESTRICTED 500
    MAINE CREDIT UNION'S CAMPAIGN FOR ENDING HUNGER
    PO BOX 1236
    PORTLAND,ME04101     		  SO I 2015 CAMPAIGN (FOR DEXTER) 500
    ST JUDE CHILDREN'S RESEARCH HOSPITAL
    501 ST JUDE PLACE
    MEMPHIS,TN38105     		  PC UNRESTRICTED 500
    THE GOVERNOR'S ACADEMY (FORMERLY GOVERNOR DUMMER ACADEMY)
    1 ELM STREET
    BYFIELD,MA01922     		  PC UNRESTRICTED 500
    ABBOTT MEMORIAL LIBRARY
    ONE CHURCH STREET
    DEXTER,ME04930     		  GOV CHILDREN'S BOOKS 800
    ADENOID CYSTIC CARCINOMA RESEARCH FOUNDATION
    PO BOX 442
    NEEDHAM,MA02494     		  PF ANNUAL FUND 1,000
    ASOCIACION PUERTORRIQUENA DE DIABETES
    PO BOX 19445
    SAN JUAN,PR00910     		  PC UNRESTRICTED 1,000
    BETH ISRAEL CONGREGATION
    291 MAIN STREET
    WATERVILLE,ME04903     		  PC ANNUAL APPEAL 1,000
    EAGLEBROOK SCHOOL
    PINE NOOK ROAD
    DEERFIELD,MA01342     		  PC ANNUAL FUND 1,000
    FRIENDS OF BELGRADE PUBLIC LIBRARY
    1 CENTER DRIVE
    BELGRADE,ME04917     		  PC CHILDREN'S BOOKS 1,000
    HEADING HOME
    PO BOX 390516
    CAMBRIDGE,MA02139     		  PC UP AND OUT PROGRAM 1,000
    HOLOCAUST HUMAN RIGHTS CENTER OF MAINE
    PO BOX 4645
    AUGUSTA,ME043301644     		  PC UNRESTRICTED 1,000
    HOSPICE VOLUNTEERS OF WATERVILLE AREA
    304 MAIN STREET
    WATERVILLE,ME04901     		  PC ANNUAL FUND 1,000
    KENNEBEC VALLEY COMMUNITY COLLEGE
    92 WESTERN AVE
    FAIRFIELD,ME04937     		  GOV ANNUAL FUND 1,000
    LITERACY VOLUNTEERS - WATERVILLE AREA
    PO BOX 1645
    WATERVILLE,ME04901     		  PC ANNUAL FUND 1,000
    MAINE HUTS AND TRAILS
    375 N MAIN STREET
    KINGFIELD,ME04947     		  PC UNRESTRICTED 1,000
    PINE TREE SOCIETY
    149 FRONT STREET
    BATH,ME04530     		  PC ANNUAL FUND 1,000
    QUODDY TIDES FOUNDATION
    PO BOX 161
    EASTPORT,ME04631     		  PC UNRESTRICTED 1,000
    THE ESPLANADE ASSOCIATION
    376 BOYLSTON STREET SUITE 503
    BOSTON,MA02116     		  PC UNRESTRICTED 1,000
    THE GOVERNOR'S ACADEMY (FORMERLY GOVERNOR DUMMER ACADEMY)
    1 ELM STREET
    BYFIELD,MA01922     		  PC '67 ANNUAL FUND 1,000
    UNIVERSITY OF MAINE AUGUSTA
    46 UNIVERSITY DRIVE
    AUGUSTA,ME04330     		  GOV MAINE WOMEN'S HALL OF FAME 1,000
    WATERVILLE OPERA HOUSE IMPROVEMENT ASSOCIATION
    93 MAIN STREET
    WATERVILLE,ME04901     		  PC UNRESTRICTED 1,000
    PAN MASSACHUSETTS CHALLENGE TRUST
    77 FOURTH AVE
    NEEDHAM,MA02494     		  PC THE JIMMY FUND 1,500
    ALFOND YOUTH CENTER
    126 NORTH STREET
    WATERVILLE,ME04901     		  PC UNRESTRICTED 2,000
    ALFOND YOUTH CENTER
    126 NORTH STREET
    WATERVILLE,ME04901     		  PC SUMMER TRIP FOR KIDS 2,000
    THE FOUNDATION FOR MAINE'S COMMUNITY COLLEGES
    54 LIGHTHOUSE CIRCLE
    SOUTH PORTLAND,ME04106     		  PC KVCC SUPPORT 2,000
    TRUSTEES OF DARTMOUTH COLLEGE
    6066 DEVELOPMENT OFFICE
    HANOVER,NH03755     		  PC MEN'S SOCCER 2,000
    COMBINED JEWISH PHILANTHROPIES OF GREATER BOSTON
    126 HIGH STREET
    BOSTON,MA021102700     		  PC ANNUAL FUND 2,500
    COMMUNITY FINANCIAL LITERACY
    309 CUMBERLAND AVE SUITE 205 PO BOX
    8013
    PORTLAND,ME04104     		  PC UNRESTRICTED 2,500
    LOCKER PROJECT
    73 FEDERAL STREET
    PORTLAND,ME04101     		  PC UNRESTRICTED 2,500
    HEALTHY NORTHERN KENNEBEC
    THAYER CENTER FOR HEALTH TERRACE
    LEVEL 149 NORTH STREET
    WATERVILLE,ME04901     		  PC TRAINING 3,000
    THE SPORTS MUSEUM
    100 LEGENDS WAY
    BOSTON,MA02114     		  PC TRADITION 2015 3,000
    BELGRADE REGIONAL CONSERVATION ALLIANCE INC
    PO BOX 250
    BELGRADE LAKES,ME04918     		  PC EDUCATION & OUTREACH COORDINATOR 5,000
    CHARLES RIVER CONSERVANCY INC
    FOUR BRATTLE STREET
    CAMBRIDGE,MA02128     		  PC UNRESTRICTED 5,000
    FRIENDS OF DANA FARBER CANCER INSTITUTE
    450 BROOKLINE AVE SW120
    BOSTON,MA02215     		  PC RESEARCH AND TREATMENT 5,000
    MAINE SPORTS HALL OF FAME
    PO BOX 8554
    PORTLAND,ME04104     		  PC SCHOLARSHIPS 5,000
    MAX WARBURG COURAGE CURRICULUM INC
    325 HUNTINGTON AVENUE BOX 52
    BOSTON,MA02115     		  PC ANNUAL FUND 5,000
    PLANNED PARENTHOOD OF NORTHERN NEW ENGLAND
    MAINE PROGRAM SUPPORT DEPARTMENT
    443 CONGRESS STREET 3RD FLOOR
    PORTLAND,ME04101     		  PC UNRESTRICTED 5,000
    PRESIDENT AND TRUSTEES OF COLBY COLLEGE
    4605 MAYFLOWER HILL
    WATERVILLE,ME04901     		  PC MUSEUM / BARBARA ALFOND ENDOWMENT 5,000
    SILENT SPRING INSTITUTE
    29 CRAFTS STREET
    NEWTON,MA02458     		  PC BREAST CANCER RESEARCH 5,000
    UNITED STATES BIATHLON ASSOCIATION
    49 PINELAND DRIVE SUITE 301A
    NEW GLOUCESTER,ME04260     		  PC UNRESTRICTED 5,000
    RED SOX FOUNDATION
    4 YAWKEY WAY
    BOSTON,MA02215     		  PC SPRAY DECK PROJECT 7,000
    UNITED STATES BIATHLON ASSOCIATION
    49 PINELAND DRIVE SUITE 301A
    NEW GLOUCESTER,ME04260     		  PC GOLD MEDAL CAMPAIGN 7,000
    PRESIDENT AND TRUSTEES OF COLBY COLLEGE
    4605 MAYFLOWER HILL
    WATERVILLE,ME04901     		  PC SUMMER INTERNSHIPS 9,000
    ALFOND YOUTH CENTER
    126 NORTH STREET
    WATERVILLE,ME04901     		  PC CAMP TRACY DINING ROOM 10,000
    MAINE ORGANIC FARMERS & GARDENERS ASSOCIATION
    PO BOX 170
    UNITY,ME04899     		  PC HERITAGE ORCHARD 10,000
    MASSACHUSETTS EYE AND EAR INFIRMARY
    243 CHARLES STREET
    BOSTON,MA02114     		  PC HEARING SCREENING 10,000
    NOBLE AND GREENOUGH SCHOOL
    10 CAMPUS DRIVE
    DEDHAM,MA020264099     		  PC CASTLE PROJECT 10,000
    PERKINS SCHOOL FOR THE BLIND
    175 NORTH BEACON STREET
    WATERTOWN,MA02472     		  PC UNRESTRICTED 10,000
    PORTLAND TRAILS
    305 COMMERCIAL STREET
    PORTLAND,ME04101     		  PC UNRESTRICTED 10,000
    SPACE GALLERY
    538 CONGRESS STREET
    PORTLAND,ME04101     		  PC UNRESTRICTED 10,000
    UNIVERSITY OF MAINE FOUNDATION
    TWO ALUMNI PLACE
    ORONO,ME04469     		  PC ELLEN LORING FUND 10,000
    THE GOVERNOR'S ACADEMY (FORMERLY GOVERNOR DUMMER ACADEMY)
    1 ELM STREET
    BYFIELD,MA01922     		  PC CHALLENGE & CLASS TRIP 11,673
    MAINE GRAIN ALLIANCE
    PO BOX 2060
    SKOWHEGAN,ME04976     		  PC 2016 KNEADING CONFERENCE 12,500
    UNITED STATES BIATHLON ASSOCIATION
    49 PINELAND DRIVE SUITE 301A
    NEW GLOUCESTER,ME04260     		  PC SPECIAL PROJECT 12,500
    STTHOMAS MORE PLAY GROUP
    65 EAST 89TH STREET
    NEW YORK,NY10128     		  PC ANNUAL FUND 18,000
    PRESIDENT AND TRUSTEES OF COLBY COLLEGE
    4605 MAYFLOWER HILL
    WATERVILLE,ME04901     		  PC UNRESTRICTED 18,500
    THOMAS COLLEGE
    180 WEST RIVER ROAD
    WATERVILLE,ME04901     		  PC SPORTS MANAGEMENT 22,500
    CHEWONKI FOUNDATION
    485 CHEWONKI NECK ROAD
    WISCASSET,ME04578     		  PC DEXTER/MILO/EASTPORT SCHOLARSHIPS 24,399
    COASTAL ENTERPRISES INC
    PO BOX 268
    WISCASSET,ME04578     		  PC NEW HEADQUARTERS PROJECT 25,000
    MID-MAINE HOMELESS SHELTER INC
    19 COLBY STREET
    WATERVILLE,ME04901     		  PC EMPOWERING YOUTH 25,000
    BETH ISRAEL CONGREGATION
    291 MAIN STREET
    WATERVILLE,ME04903     		  PC PROJECT SUPPORT 30,000
    GOOD SHEPARD FOOD BANK
    3121 HOTEL ROAD
    AUBURN,ME04211     		  PC LOCAL PRODUCE IN THE DEXTER-MILLINOCKET-GREENVILLE REGION 40,000
    MAINE CHILDRENS' HOME FOR LITTLE WANDERERS
    93 SILVER STREET
    WATERVILLE,ME04901     		  PC TEEN PROGRAM 40,000
    PRESIDENT AND TRUSTEES OF COLBY COLLEGE
    4605 MAYFLOWER HILL
    WATERVILLE,ME04901     		  PC BRO ADAMS SCHOLARSHIP FUND 40,000
    RED SOX FOUNDATION
    4 YAWKEY WAY
    BOSTON,MA02215     		  PC UNRESTRICTED 50,000
    BRIGHAM & WOMEN'S HOSPITAL
    116 HUNTINGDON AVENUE
    BOSTON,MA02116     		  PC ELIZABETH LODER FELLOWSHIP 100,000
    KENNEBEC VALLEY COMMUNITY ACTION PROGRAM
    97 WATER STREET
    WATERVILLE,ME04901     		  PC CAREQUILT: BEYOND THE WALLS 100,000
    FESSENDEN SCHOOL
    250 WALTHAM STREET
    WEST NEWTON,MA02465     		  PC TURF FIELDS 125,000
    KVCS-AOS #92
    OFFICE OF THE SUPERINTENDENT 25
    MESSALONSKEE AVENUE
    WATERVILLE,ME04901     		  GOV WATERVILLE HS AUDITORIUM RENOVATION 125,000
    THOMAS COLLEGE
    180 WEST RIVER ROAD
    WATERVILLE,ME04901     		  PC EVP CHALLENGE GRANT 140,000
    PRESIDENT AND TRUSTEES OF COLBY COLLEGE
    4605 MAYFLOWER HILL
    WATERVILLE,ME04901     		  PC SPECIAL PROJECT 400,000
    THE GOVERNOR'S ACADEMY (FORMERLY GOVERNOR DUMMER ACADEMY)
    1 ELM STREET
    BYFIELD,MA01922     		  PC DINING HALL PROJECT 400,000
    CARRABASSETT VALLEY ACADEMY
    RR1 BOX 2240
    KINGFIELD,ME04947     		  PC COMPETITION CENTER 577,000
    Total .................................bullet 3a 2,529,948
    bApproved for future payment
    GOOD SHEPARD FOOD BANK
    3121 HOTEL ROAD
    AUBURN,ME04211     		  PC REDUCING HUNGER DEXTER TO MILLINOCKET 22,000
    MAINE ORGANIC FARMERS & GARDENERS ASSOCIATION
    PO BOX 170
    UNITY,ME04899     		  PC HERITAGE ORCHARD 30,000
    PRESIDENT AND TRUSTEES OF COLBY COLLEGE
    4605 MAYFLOWER HILL
    WATERVILLE,ME04901     		  PC BRO ADAMS SCHOLARSHIP FUND 120,000
    FESSENDEN SCHOOL
    250 WALTHAM STREET
    WEST NEWTON,MA02465     		  PC TURF FIELDS 125,000
    GOOD SHEPARD FOOD BANK
    3121 HOTEL ROAD
    AUBURN,ME04211     		  PC LOCAL PRODUCE IN THE DEXTER-MILLINOCKET-GREENVILLE REGION 160,000
    THOMAS COLLEGE
    180 WEST RIVER ROAD
    WATERVILLE,ME04901     		  PC EVP CHALLENGE GRANT 280,000
    THE GOVERNOR'S ACADEMY (FORMERLY GOVERNOR DUMMER ACADEMY)
    1 ELM STREET
    BYFIELD,MA01922     		  PC DINING HALL PROJECT 322,000
    KENNEBEC VALLEY COMMUNITY ACTION PROGRAM
    97 WATER STREET
    WATERVILLE,ME04901     		  PC CAREQUILT: BEYOND THE WALLS 400,000
    CARRABASSETT VALLEY ACADEMY
    RR1 BOX 2240
    KINGFIELD,ME04947     		  PC COMPETITION CENTER 423,000
    Total .................................bullet 3b 1,882,000
    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 ...........     		    14 200,787  
    4 Dividends and interest from securities....     14 422,013  
    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 14,662  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 2,185,626  
    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 2,823,088 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    132,823,088
    (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.)
    1 NOT APPLICABLE
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    THE BILL AND JOAN ALFOND FOUNDATION
     
    C/O DEXTER ENTERPRISES INC
    EIN:
    01-0421806
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION 8,525 2,131   6,394

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

    TY 2015 GainLossSaleOtherAssetsSch
    Name:
    THE BILL AND JOAN ALFOND FOUNDATION
     
    C/O DEXTER ENTERPRISES INC
    EIN:
    01-0421806
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    PUBLICLY TRADED SECURITIES DONATED   PURCHASED     251,404 1,400   0 250,004  

    TY 2015 GeneralExplanationAttachment
    Name:
    THE BILL AND JOAN ALFOND FOUNDATION
     
    C/O DEXTER ENTERPRISES INC
    EIN:
    01-0421806
    Identifier Return Reference Explanation
    OFFICER COMPENSATION 990-PF, PART VIII GREGORY POWELL IS AN EMPLOYEE OF DEXTER ENTERPRISES, INC. DEXTER ENTERPRISES, INC. IS COMPENSATED UNDER A MANAGEMENT CONTRACT WITH THE FOUNDATION. SEE STATEMENT 6 FOR DEXTER ENTERPRISES, INC. INFORMATION.
    DISTRIBUTION OF PROPERTY FOR CHARITY 990-PF, PART I, LINE 6A, COLUMN A UNDER REGULATION 53.4940-1, A DISTRIBUTION OF PROPERTY FOR CHARITABLE PURPOSES UNDER SECTION 170(C)(1) OR (2)(B) MADE BY A FOUNDATION TO A CHARITABLE ORGANIZATION IS NOT TREATED AS A TAXABLE SALE OR DISPOSITION. THE CAPITAL GAIN RECORDED ON THE BOOKS IS NOT TAXABLE; THEREFORE, THE PROPERTY DISTRIBUTION IS EXCLUDED FROM NET INVESTMENT INCOME, LINE 7, COLUMN (B).

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    THE BILL AND JOAN ALFOND FOUNDATION
     
    C/O DEXTER ENTERPRISES INC
    EIN:
    01-0421806
    Name of Stock End of Year Book Value End of Year Fair Market Value
    BERKSHIRE HATHAWAY COMMON STOCK CLASS A 91,980 15,626,200
    BERKSHIRE HATHAWAY COMMON STOCK CLASS B 98 16,637
    BERKSHIRE HATHAWAY COMMON STOCK CLASS A 22,532 8,505,400
    BERKSHIRE HATHAWAY COMMON STOCK CLASS B 79,074 3,663,186

    TY 2015 InvestmentsOtherSchedule2
    Name:
    THE BILL AND JOAN ALFOND FOUNDATION
     
    C/O DEXTER ENTERPRISES INC
    EIN:
    01-0421806
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    LEGACY VENTURE FUNDS V & VI AT COST 2,073,645 3,164,686
    SPECIAL OPPORTUNITIES FUNDS AT COST 349,943 857,485
    REALTY ASSOCIATES FUND VIII CORPORATION AT COST 1,625,429 1,311,982
    DEXTER GLOBAL EQUITY TE, LLC AT COST 3,773,017 4,575,965
    DEXTER INTERNATIONAL EQUITY TE, LLC AT COST 2,030,210 1,999,410
    DEXTER REAL ASSETS TE, LLC (PORTFOLIO 2) AT COST 664,659 785,858
    DEXTER US EQUITY TE, LLC AT COST 2,770,199 2,969,041
    DEXTER HEDGE FUND TE, LLC AT COST 1,348,314 1,657,604
    DEXTER PRIVATE EQUITY TE, LLC (PORTFOLIO 2) AT COST 850,612 922,817
    DEXTER PRIVATE EQUITY TE, LLC (PORTFOLIO 1 A/R) AT COST 204 204
    THE FAIRHOLME PARTNERSHIP, LP AT COST 3,574,065 2,849,249
    DEXTER FIXED INCOME TE AT COST 3,892,767 3,896,093

    TY 2015 OtherExpensesSchedule
    Name:
    THE BILL AND JOAN ALFOND FOUNDATION
     
    C/O DEXTER ENTERPRISES INC
    EIN:
    01-0421806
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FILING FEES 35 0   35
    LOSSES & DEDUCTIONS FROM FLOW-THRU ENTITIES 73,598 73,598   0
    CHARITABLE DEDUCTIONS FROM FLOW-THRU ENTITIES 33 0   33
    PORTFOLIO DEDUCTIONS FROM FLOW-THRU ENTITIES 185,323 185,323   0
    NONDEDUCTIBLE EXPENSES FROM PASS THROUGHS 2,600 0   0
    INVESTMENT INTEREST FROM PASS THROUGHS 3,805 3,805   0
    BANK CHARGES 34 0   34
    MEMBERSHIP FEES 495 0   495


    TY 2015 OtherIncomeSchedule2
    Name:
    THE BILL AND JOAN ALFOND FOUNDATION
     
    C/O DEXTER ENTERPRISES INC
    EIN:
    01-0421806
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME FROM PASS-THRUS 14,662 14,662 14,662


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    THE BILL AND JOAN ALFOND FOUNDATION
     
    C/O DEXTER ENTERPRISES INC
    EIN:
    01-0421806
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DEXTER ENTERPRISES - INVESTMENT ADMINISTRATION 15,678 15,678   0
    DEXTER ENTERPRISES - GRANT ADMINISTRATION 47,036 0   47,036
    CONSULTING 174,461 0   174,461


    TY 2015 TaxesSchedule
    Name:
    THE BILL AND JOAN ALFOND FOUNDATION
     
    C/O DEXTER ENTERPRISES INC
    EIN:
    01-0421806
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAXES 32,500 0   0
    FOREIGN TAXES 8,514 8,514   0