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
FRESH SOUND FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)186 ALEWIFE BR 200 C/O TYLER NO 200
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CAMBRIDGE, MA02138
A Employer identification number

06-1428363
B Telephone number (see instructions)

(617) 354-3814
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$9,572,219J 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)  
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 48,024 48,024  
4 Dividends and interest from securities... 124,388 124,388  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 176,389
b Gross sales price for all assets on line 6a 2,434,092
7 Capital gain net income (from Part IV, line 2)... 176,389
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 75,706 75,706  
12 Total. Add lines 1 through 11........ 424,507 424,507  
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 14,899 14,899   0
c Other professional fees (attach schedule).... Click to see attachment 47,516 47,516   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 64,532 64,532   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 71,183 174   57,978
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 198,130 127,121   57,978
25 Contributions, gifts, grants paid....... 630,000 630,000
26 Total expenses and disbursements. Add lines 24 and 25 828,130 127,121   687,978
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -403,623
b Net investment income (if negative, enter -0-) 297,386
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............. 1,731,434 305,185 305,185
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet21,039
Less: allowance for doubtful accounts bullet   190,309 21,039 21,039
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) 0 Click to see attachment166,099 165,578
b Investments—corporate stock (attach schedule)....... 4,218,996 Click to see attachment4,690,389 6,464,180
c Investments—corporate bonds (attach schedule)....... 811,160 Click to see attachment1,745,808 1,724,508
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,223,928 Click to see attachment869,455 891,729
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) 8,175,827 7,797,975 9,572,219
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 8,175,827 7,797,975
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 8,175,827 7,797,975
31 Total liabilities and net assets/fund balances (see instructions). 8,175,827 7,797,975
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
8,175,827
2
Enter amount from Part I, line 27a .....................
2
-403,623
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
25,771
4
Add lines 1, 2, and 3 ..........................
4
7,797,975
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
7,797,975
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 CARDINAL HEALTH - 1000 P 2015-03-20 2015-10-15
b QUALIFIED INVESTMENT FUND - 32.399 P 2014-06-02 2015-05-12
c HOST HOTELS & RESORTS - 630 P 2014-10-16 2015-01-09
d HOST HOTELS & RESORTS - 4850 P 2014-10-16 2015-08-04
e MICRON TECHNOLOGY - 2205 P 2014-12-19 2015-06-26
MICRON TECHNOLOGY - 2015 P 2015-02-13 2015-06-26
TENNECO - 130 P 2014-11-17 2015-08-11
TENNECO - 370 P 2014-11-17 2015-08-27
TENNECO - 300 P 2014-12-11 2015-08-27
TERRAFORM PWR - 1657 P 2015-11-10 2015-11-17
TWENTY-FIRST CENTURY FOX - 290 P 2005-11-10 2015-08-11
BANK AMERICA - 2500 P 2013-07-03 2015-02-02
BANK AMERICA - 7505 P 2013-07-03 2015-08-11
CSX CORP - 700 P 2013-07-03 2015-06-11
QUALIFIED INVESTMENT FUND - 42.929 P 2013-02-01 2015-05-12
QUALIFIED INVESTMENT FUND - 42.699 P 2013-03-01 2015-05-12
QUALIFIED INVESTMENT FUND - 42.089 P 2013-04-01 2015-05-12
QUALIFIED INVESTMENT FUND - 41.435 P 2013-05-01 2015-05-12
QUALIFIED INVESTMENT FUND - 43.265 P 2013-06-03 2015-05-12
QUALIFIED INVESTMENT FUND - 41.522 P 2013-07-01 2015-05-12
QUALIFIED INVESTMENT FUND - 45.123 P 2013-08-01 2015-05-12
QUALIFIED INVESTMENT FUND - 43.864 P 2013-09-03 2015-05-12
QUALIFIED INVESTMENT FUND - 42.625 P 2013-10-01 2015-05-12
QUALIFIED INVESTMENT FUND - 42.598 P 2013-11-01 2015-05-12
QUALIFIED INVESTMENT FUND - 42.643 P 2013-12-02 2015-05-12
QUALIFIED INVESTMENT FUND - 43.991 P 2013-12-18 2015-05-12
QUALIFIED INVESTMENT FUND - 43.509 P 2014-01-02 2015-05-12
QUALIFIED INVESTMENT FUND - 33.222 P 2014-02-03 2015-05-12
QUALIFIED INVESTMENT FUND - 32.375 P 2014-03-03 2015-05-12
QUALIFIED INVESTMENT FUND - 32.375 P 2014-04-01 2015-05-12
QUALIFIED INVESTMENT FUND - 33.494 P 2014-05-01 2015-05-12
DBL TOTAL RTN BND FND - 5041.247 P 2013-07-02 2015-06-04
DBL TOTAL RTN BND FND - 3219.871 P 2013-07-02 2015-07-14
FIRST SOLAR - 140 P 2014-04-07 2015-08-11
FIRST SOLAR - 1049 P 2014-04-07 2015-12-14
GANNET SPINCO - 0.5 P 2013-07-03 2015-07-02
GANNET SPINCO - 1537 P 2013-07-03 2015-07-07
HAIN CELESTIAL - 200 P 2013-07-03 2015-08-11
HOST HOTELS & RSRTS - 1625 P 2014-10-16 2015-08-04
JARDEN CORP - 907.5 P 2014-01-09 2015-04-08
JARDEN CORP - 22.5 P 2014-04-02 2015-04-08
OPPENHEIMER SNR FLT RT - 4944.376 P 2013-07-02 2015-01-02
OPPENHEIMER SNR FLT RT - 2091.021 P 2013-07-02 2015-06-04
OPPENHEIMER SNR FLT RT - 1237.624 P 2013-07-02 2015-07-14
OPPENHEIMER SNR FLT RT - 4444.608 P 2013-07-02 2015-11-09
PRUDENTIAL HI-YLD FND - 5008.945 P 2013-07-02 2015-06-04
PRUDENTIAL HI-YLD FND - 2717.391 P 2013-07-02 2015-07-14
PRUDENTIAL HI-YLD FND - 114.180 P 2013-06-28 2015-11-09
PRUDENTIAL HI-YLD FND - 10671.216 P 2013-07-02 2015-11-09
PRUDENTIAL HI-YLD FND - 298.97 P 2013-08-30 2015-11-09
SUNEDISON - 5000 P 2014-07-24 2015-11-10
TENNECO - 1000 P 2014-01-09 2015-08-27
WESTROCK - 640 P 2014-07-02 2015-08-11
AKAMAI TECH - 1125 P 2007-06-18 2015-08-11
AMERICAN WTR WRKS - 300 P 2009-06-23 2015-08-11
QUALIFIED INVMT FND - 8393.192 P 2012-10-16 2015-05-12
QUALIFIED INVMT FND - 43.187 P 2012-11-30 2015-05-12
QUALIFIED INVMT FND - 10.436 P 2012-12-13 2015-05-12
QUALIFIED INVMT FND - 42.624 P 2012-12-31 2015-05-12
FIRST BNK SAN FRAN - 470 P 2012-11-05 2015-08-11
GOOGLE CL C - 70 P 2011-04-01 2015-02-20
GOOGLE CL C - 0.274 P 2011-04-01 2015-05-04
JOHNSON & JOHNSON - 575 P 1960-01-01 2015-03-20
JOHNSON & JOHNSON - 540 P 1960-01-01 2015-08-11
MICROSOFT - 500 P 1960-01-01 2015-06-11
MICROSOFT - 1620 P 1960-01-01 2015-08-11
ORACLE CORP - 650 P 2006-04-17 2015-03-20
QUALCOMM - 500 P 2006-12-19 2015-01-09
STRYKER CORP - 500 P 1960-01-01 2015-03-20
THERMO FISHER SCTFC - 400 P 2012-11-05 2015-08-11
WELLS FARGO - 750 P 1960-01-01 2015-02-20
3M CO - 250 P   2015-08-11
CLEAN HARBORS - 225 P 2014-10-27 2015-06-25
CLEAN HARBORS - 475 P 2014-12-11 2015-06-25
EMERSON ELETCTRIC - 375 P 2014-12-11 2015-10-06
ENPHASE ENERGY - 2000 P 2015-03-30 2015-10-06
QUALCOMM - 275 P 2014-12-11 2015-11-09
SEATTLE GENETICS - 200 P 2014-05-27 2015-03-30
SEATTLE GENETICS - 475 P 2014-10-27 2015-03-30
SEATTLE GENETICS - 425 P 2014-12-11 2015-03-30
CLEAN HARBORS - 175 P 2013-02-07 2015-06-25
CLEAN HARBORS - 175 P 2013-06-25 2015-06-25
CLEAN HARBORS - 150 P 2013-09-30 2015-06-25
CLEAN HARBORS - 125 P 2014-05-27 2015-06-25
EBAY NOTE 1.625% - 100000 P 2011-07-29 2015-10-15
EMERSON ELECTRIC - 300 P 2001-08-14 2015-10-06
EMERSON ELECTRIC - 200 P 2001-11-05 2015-10-06
EMERSON ELECTRIC - 400 P 2002-05-07 2015-10-06
EMERSON ELECTRIC - 400 P 2002-11-04 2015-10-06
GENENTECH NOTE 4.75% - 100000 P 2008-07-09 2015-07-15
QUALCOMM - 150 P 2013-02-07 2015-11-09
QUALCOMM - 150 P 2013-06-25 2015-11-09
QUALCOMM - 150 P 2013-09-30 2015-11-09
QUALCOMM - 100 P 2014-05-27 2015-11-09
QUALCOMM - 225 P 2014-10-27 2015-11-09
SEATTLE GENETICS - 200 P 2014-01-28 2015-03-30
TYCO ELECTCS NOTE 1.6% - 100000 P 2013-07-03 2015-02-03
GENERAL ELECTRIC - 10000 P 2015-01-26 2015-08-04
TOYOTA MOTOR - 10000 P 2015-01-13 2015-10-19
UNITED STS TRSRY NTS 0.625% - 15000 P 2015-02-12 2015-05-05
(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 78,919   90,914 -11,995
b 349   346 3
c 14,978   13,473 1,505
d 92,822   102,818 -9,996
e 43,207   76,308 -33,101
39,484   63,786 -24,302
6,484   7,257 -773
16,877   20,655 -3,778
13,684   16,316 -2,632
16,870   25,370 -8,500
8,693   10,268 -1,575
40,853   32,125 8,728
133,324   96,439 36,885
24,117   16,083 8,034
462   475 -13
460   474 -14
453   466 -13
446   461 -15
466   472 -6
447   445 2
486   481 5
472   464 8
448   444 4
459   455 4
459   454 5
474   465 9
468   457 11
358   353 5
349   344 5
367   360 7
361   356 5
55,000   55,655 -655
35,000   35,547 -547
7,225   9,581 -2,356
60,958   71,786 -10,828
7   5 2
17,639   14,320 3,319
13,480   6,578 6,902
31,100   34,752 -3,652
47,946   36,007 11,939
1,189   906 283
40,000   41,187 -1,187
17,000   17,418 -418
10,000   10,309 -309
34,757   37,024 -2,267
27,980   28,204 -224
14,980   15,301 -321
605   641 -36
56,538   60,087 -3,549
1,584   1,680 -96
29,033   106,535 -77,502
45,615   55,798 -10,183
40,217   33,451 6,766
81,903   53,888 28,015
15,898   5,643 10,255
90,376   94,516 -4,140
465   486 -21
112   118 -6
459   480 -21
29,992   16,262 13,730
37,756   20,646 17,110
153   81 72
58,899   28,143 30,756
53,490   26,430 27,060
23,217   13,570 9,647
74,817   43,967 30,850
28,902   9,009 19,893
37,312   19,444 17,868
46,707   14,651 32,056
53,880   24,762 29,118
41,140   5,171 35,969
37,185   17,706 19,479
12,070   11,199 871
25,474   23,386 2,088
17,313   23,079 -5,766
9,498   26,163 -16,665
14,584   19,816 -5,232
7,195   7,011 184
17,088   16,771 317
15,289   14,332 957
9,388   9,247 141
9,388   8,949 439
8,047   8,773 -726
6,706   7,592 -886
100,000   99,850 150
13,851   8,398 5,453
9,234   5,329 3,905
18,468   11,001 7,467
18,460   10,183 8,277
100,000   99,705 295
7,955   9,966 -2,011
7,947   9,135 -1,188
7,955   10,110 -2,155
5,303   8,055 -2,752
11,932   17,048 -5,116
7,195   9,087 -1,892
100,000   101,086 -1,086
10,188   10,218 -30
10,021   10,004 17
14,931   14,881 50
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       -11,995
b       3
c       1,505
d       -9,996
e       -33,101
      -24,302
      -773
      -3,778
      -2,632
      -8,500
      -1,575
      8,728
      36,885
      8,034
      -13
      -14
      -13
      -15
      -6
      2
      5
      8
      4
      4
      5
      9
      11
      5
      5
      7
      5
      -655
      -547
      -2,356
      -10,828
      2
      3,319
      6,902
      -3,652
      11,939
      283
      -1,187
      -418
      -309
      -2,267
      -224
      -321
      -36
      -3,549
      -96
      -77,502
      -10,183
      6,766
      28,015
      10,255
      -4,140
      -21
      -6
      -21
      13,730
      17,110
      72
      30,756
      27,060
      9,647
      30,850
      19,893
      17,868
      32,056
      29,118
      35,969
      19,479
      871
      2,088
      -5,766
      -16,665
      -5,232
      184
      317
      957
      141
      439
      -726
      -886
      150
      5,453
      3,905
      7,467
      8,277
      295
      -2,011
      -1,188
      -2,155
      -2,752
      -5,116
      -1,892
      -1,086
      -30
      17
      50
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 2 176,389
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 487,000 9,834,144 0.049521
2013 424,000 9,460,969 0.044816
2012 446,000 8,691,966 0.051312
2011 466,000 8,700,079 0.053563
2010 489,851 8,595,245 0.056991
2
Total of line 1, column (d) .....................
20.256203
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
0.051241
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
9,422,293
5
Multiply line 4 by line 3......................
5
482,808
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
2,974
7
Add lines 5 and 6........................
7
485,782
8
Enter qualifying distributions from Part XII, line 4.............
8
687,978
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 2,974
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 2,974
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 2,974
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 18,923
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 18,923
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 15,949
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet15,949 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)
    bulletCT
    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 ofbulletJOHN F BURT CO TYLER LYNCH PC Telephone no.bullet (617) 354-3814

    Located atbullet186 ALEWIFE BROOK PARKWAYCAMBRIDGEMA ZIP+4bullet02138
    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
     
     
    .........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
    JOHN F BURT TRUSTEE
    1.00     		0 0 0
    C/O TYLER LYNCH 186 ALEWIFE BROOK
    PKWY
    CAMBRIDGE,MA02138
    S JEFFREY BURT TRUSTEE
    1.00     		0 0 0
    C/O TYLER LYNCH 186 ALEWIFE BROOK
    PKWY
    CAMBRIDGE,MA02138
    LAURIE BURT TRUSTEE
    1.00     		0 0 0
    C/O TYLER LYNCH 186 ALEWIFE BROOK
    PKWY
    CAMBRIDGE,MA02138
    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
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    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
    8,245,931
    b
    Average of monthly cash balances.......................
    1b
    1,000,589
    c
    Fair market value of all other assets (see instructions)................
    1c
    319,260
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,565,780
    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
    9,565,780
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    143,487
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    9,422,293
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    471,115
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    471,115
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    2,974
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,974
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    468,141
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    468,141
    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
    468,141
    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
    687,978
    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
    687,978
    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
    2,974
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    685,004
    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 7 468,141
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 62,387
    b From 2011...... 33,225
    c From 2012...... 17,527
    d From 2013......  
    e From 2014...... 35,959
    fTotal of lines 3a through e........ 149,098
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 687,978
    a Applied to 2014, but not more than line 2a 0
    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..... 468,141
    e Remaining amount distributed out of corpus 219,837
    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 5 368,935
    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 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		62,387
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		306,548
    10 Analysis of line 9:
    a Excess from 2011.... 33,225
    b Excess from 2012.... 17,527
    c Excess from 2013....  
    d Excess from 2014.... 35,959
    e Excess from 2015.... 219,837
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or 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
    AMERICAN REPERTORY THEATRE
    64 BRATTLE STREET
    CAMBRIDGE,MA02138     		N/A NON-PROFIT EDUCATIONAL 40,000
    AMMONOOSUC CONSERVATION TRUST
    729 MAIN STREET
    FRANCONIA,NH03580     		N/A NON-PROFIT EDUCATIONAL 10,000
    APPALACHIAN MOUNTAIN CLUB
    5 JOY STREET
    BOSTON,MA02108     		N/A NON-PROFIT EDUCATIONAL 20,000
    CERES INC
    99 CHAUNCY STREET
    BOSTON,MA02111     		N/A NON-PROFIT CHARITABLE 5,000
    EDUCATION OUTSIDE
    135 VAN NESS AVENUE ROOM 408
    SAN FRANCISCO,CA94102     		N/A NON-PROFIT EDUCATIONAL 5,000
    EMERSON COLLEGE
    120 BOYLSTON STREET
    BOSTON,MA02116     		N/A NON-PROFIT EDUCATIONAL 50,000
    FOOD CONNECTS
    8 UNIVERSITY WAY
    BRATTLEBORO,VT05301     		N/A NON-PROFIT EDUCATIONAL 1,000
    HOME FOR CONTEMPORARY THEATRE AND ART
    145 SIXTH AVENUE
    NEW YORK,NY10013     		N/A NON-PROFIT EDUCATIONAL 5,000
    THE IN-SIGHT PHOTOGRAPHY PROJECT
    45 FLAT STREET SUITE A
    BRATTLEBORO,VT05301     		N/A NON-PROFIT EDUCATIONAL 5,000
    LIVING ARTS INTERNATIONAL
    228 PARK AVENUE SOUTH 493331
    NEW YORK,NY10003     		N/A NON-PROFIT EDUCATIONAL 50,000
    NATURAL RESOURCES DEFENSE COUNCIL
    40 WEST 20TH STREET
    NEW YORK,NY10011     		N/A NON-PROFIT EDUCATIONAL 50,000
    NATURAL RESOURCES DEFENSE COUNCIL
    40 WEST 20TH STREET
    NEW YORK,NY10011     		N/A NON-PROFIT EDUCATIONAL 100,000
    NEW HAVEN ECOLOGY PROJECT
    358 SPRINGSIDE AVE
    NEW HAVEN,CT06515     		N/A NON-PROFIT EDUCATIONAL 5,000
    NEXT STAGE ARTS PROJECT
    15 KIMBALL HILL RD
    PUTNEY,VT05346     		N/A NON-PROFIT EDUCATIONAL 40,000
    SANDGLASS CENTER FOR PUPPERTY THEATER RESEARCH
    PO BOX 970
    PUTNEY,VT05346     		N/A NON-PROFIT CHARITABLE 30,000
    SAVE THE RIVER
    409 RIVERSIDE DRIVE
    CLAYTON,NY13624     		N/A NON-PROFIT EDUCATIONALEDUCATIONAL 10,000
    THE MARION INSTITUTE
    204 SPRING STREET
    MARION,MA02738     		N/A NON-PROFIT EDUCATIONAL 10,000
    THOUSAND ISLANDS LAND TRUST
    135 JOHN STREET
    CLAYTON,NY13624     		N/A NON-PROFIT CHARITABLE 35,000
    TRADITIONAL ARTS IN UPSTATE NEW YORK
    53 MAIN STREET
    CANTON,NY13617     		N/A NON-PROFIT EDUCATIONAL 20,000
    UNION OF CONCERNED SCIENTISTS
    TWO BRATTLE SQUARE
    CAMBRIDGE,MA02238     		N/A NON-PROFIT EDUCATIONAL 50,000
    WHOLESOME WAVE FOUNDATION
    855 MAIN STREET
    BRIDGEPORT,CT06604     		N/A NON-PROFIT CHARITABLE 50,000
    YELLOW BARN INC
    49 MAIN STREET
    PUTNEY,VT05346     		N/A NON-PROFIT EDUCATIONAL 39,000
    Total .................................bullet 3a 630,000
    bApproved for future payment
    Total .................................bullet 3b 0
    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 48,024  
    4 Dividends and interest from securities....     14 124,388  
    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 75,706  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 176,389  
    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).. 0 424,507 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13424,507
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    FRESH SOUND FOUNDATION INC
    EIN:
    06-1428363
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 14,899 14,899   0

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    FRESH SOUND FOUNDATION INC
    EIN:
    06-1428363
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ABBVIE BOND 100,346 99,555
    ACTAVIS FUNDING BOND 99,966 100,104
    AMAZON 2.6% CORP BOND 99,908 101,568
    AMPHENOL BOND 101,199 100,017
    BANK NOVA SCOTIA 10,253 10,133
    CALVERT SOCIAL INVSTMT FNDTN BOND 100,000 100,000
    CISCO SYS 11,155 10,881
    CITIGROUP 11,051 10,711
    DEERE JOHN CAP CORP MED TRERM 15,066 15,018
    EXPRESS SCRIPTS BOND 100,315 99,411
    HOME DEPOT 10,132 9,990
    JOHNSON CONTROLS BOND 102,521 100,108
    JP MORGAN CHASE 10,223 10,305
    KRAFT FOODS BOND 104,000 100,258
    LABORATORY CORP AMER BOND 101,144 100,352
    MEDTRONIC 10,009 9,946
    NETAPP BOND 100,616 99,330
    NOVARTIS CAP CORP 9,947 9,860
    PEPSICO 10,014 9,955
    QUALCOMM BOND 100,307 99,028
    ROCKWELL AUTOMATION BOND 100,038 99,135
    SHELL INTERNATIONAL FINANCE 9,957 9,760
    SOLARCITY BOND 100,000 98,076
    VERIZON COMMUNICATIONS 10,907 10,744
    VIACOM 102,458 100,207
    WELLS FARGO 10,224 9,948
    XYLEM BOND 103,857 101,365
    ZIMMER BIONET BOND 100,195 98,743

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    FRESH SOUND FOUNDATION INC
    EIN:
    06-1428363
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M COMPANY 19,227 38,413
    AFLAC 23,824 23,960
    ALPHABET CLASS A 55,948 77,801
    AMAZON 96,443 202,767
    AMERICAN WATER WORKS 30,003 95,301
    AMGEN 75,419 74,672
    APPLE 126,980 116,839
    APTARGROUP INC 30,123 101,710
    AUTOMATIC DATA PROCESSING 43,920 59,304
    AVALONBAY COMMUNITIES 111,560 138,098
    BANK OF NY MELLON 67,145 61,830
    CALCOR INC. 56,056 49,680
    CANADIAN NATIONAL RAILWAY 11,828 89,408
    CHECK POINT SOFTWARE TECHNOLOGIES 111,731 110,677
    CISCO SYSTEMS 48,361 58,383
    COHEN & STEERS LTD 94,327 85,666
    CORBION 28,975 28,577
    CSX CORPORATION 79,497 89,787
    CVS CAREMARK CORP 57,194 119,768
    CVS CAREMARK CORP 45,166 131,990
    DANAHER CORP 22,885 92,880
    EMC CORP MASS 40,994 77,040
    ENCORE WIRE CORP 36,166 37,090
    F5 NETWORKS INC 65,701 58,176
    FIRST REP BANK SAN FRANCISCO 75,430 144,011
    FIRST SOLAR 50,233 64,076
    GANNETT CO. 64,131 78,474
    GE COMPANY 59,090 93,606
    GOOGLE INC. CLASS A 66,382 175,052
    GOOGLE INC. CLASS C 29,641 75,888
    HAIN CELESTIAL GROUP 50,982 62,605
    HAMMERSON PLC 102,950 92,401
    ILLUMINA INC 19,286 71,979
    INTEL CORP 37,404 68,900
    JARDEN CORP 69,407 93,505
    JOHNSON & JOHNSON 47,838 92,448
    JOHNSON CONTROLS 72,181 67,991
    KINGFISHER ADR 78,380 73,057
    KROGER 58,467 75,294
    MARKETAXESS HLDGS 42,604 78,113
    MARRIOTT INTERNATIONAL 64,752 52,291
    MASTERCARD 66,485 77,888
    MERCK & CO. 87,918 79,230
    NESTLE ADR 32,799 89,371
    NIKE INC 66,832 118,125
    NOVARTIS 60,131 75,285
    NOVOZYMES 45,039 47,935
    NOVOZYMES 12,287 100,664
    ORACLE CORP 27,720 73,060
    PAYPAL 115,103 121,342
    PERRIGO CO 24,511 94,055
    PNC FINANCIAL SERVICES 58,775 57,186
    PROCTER & GAMBLE 71,742 95,292
    PROLOGIS 96,723 96,570
    QUALCOMM 59,140 52,484
    ROCK-TEN (NAME CHANGE TO WEST-ROCK) 106,254 93,521
    ROCKWELL AUTOMATION 83,289 82,088
    SENSATA TECHNOLOGIES 110,613 99,029
    SEVERN TRENT PLC 34,342 32,082
    SINORA DENTAL SYSTEMS 47,885 54,785
    STATASYS INC 32,935 23,480
    STRYKER CORP 29,742 94,334
    SUNOPTA 66,510 40,185
    SVB FINANCIAL GROUP 49,016 48,749
    TARGET CORP 81,303 87,132
    TELENOR ASA ORD 67,640 56,835
    TEVA PHARMACEUTICAL ADR 75,975 109,947
    THE CONTACT FUND 75,000 75,000
    THERMO FISHER SCIENTIFIC 42,919 98,586
    TOMRA SYSTEMS 53,659 72,679
    TRAVELERS COMPANIES 87,227 123,017
    TWENTY-FIRST CENTURY FOX 116,011 94,381
    UNITED RENTAL 62,302 89,950
    VARIAN MEDICAL SYSTEMS 43,172 88,880
    VERMONT COMMUNITY LOAN FUND 75,000 75,000
    WELLS FARGO & COMPANY 15,721 123,941
    WHITEWAVE FOODS 58,224 56,809
    XYLEM INC. 81,814 85,775

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    FRESH SOUND FOUNDATION INC
    EIN:
    06-1428363
    US Government Securities - End of Year Book Value:

    80,004
    US Government Securities - End of Year Fair Market Value:

    79,768
    State & Local Government Securities - End of Year Book Value:


    86,095
    State & Local Government Securities - End of Year Fair Market Value:


    85,810


    TY 2015 InvestmentsOtherSchedule2
    Name:
    FRESH SOUND FOUNDATION INC
    EIN:
    06-1428363
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ARJUNA INC & IMPACT FUND AT COST 100,000 101,672
    COLCHIS MARLETTE INCOME FUND AT COST 243,567 253,562
    DOUBLELINE TOTAL RETURN BOND FUND AT COST 116,263 113,654
    HIGHWATER GLOBAL FUND, LLC AT COST 321,925 338,866
    MARLETTE FUNDING INC AT COST 37,700 33,975
    NOTHUNG PARTNERS LLP AT COST 0 0
    SUN INITIATIVE FINANCING AT COST 50,000 50,000

    TY 2015 OtherExpensesSchedule
    Name:
    FRESH SOUND FOUNDATION INC
    EIN:
    06-1428363
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 174 174   0
    PHILANTHROPIC ADVISORY 47,999 0   47,999
    CONFERENCES AND MEETINGS 13,031 0   0
    ADMINISTRATIVE MANAGEMENT - HEMENWAY 9,979 0   9,979


    TY 2015 OtherIncomeSchedule2
    Name:
    FRESH SOUND FOUNDATION INC
    EIN:
    06-1428363
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INVESTMENT INCOME 75,706 75,706  


    TY 2015 OtherIncreasesSchedule
    Name:
    FRESH SOUND FOUNDATION INC
    EIN:
    06-1428363
    Description Amount
    PARTNERSHIP CAPITAL ADJUSTMENT 25,771


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    FRESH SOUND FOUNDATION INC
    EIN:
    06-1428363
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 47,516 47,516   0


    TY 2015 TaxesSchedule
    Name:
    FRESH SOUND FOUNDATION INC
    EIN:
    06-1428363
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 3,259 3,259   0
    FEDERAL TAXES 61,273 61,273   0