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
THE HOLLEY FOUNDATION
C/O THE PRIVATE BANK
Number and street (or P.O. box number if mail is not delivered to street address)34901 WOODWARD AVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BIRMINGHAM, MI48009
A Employer identification number

38-6055168
B Telephone number (see instructions)

(248) 566-4715
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$3,381,139J 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) 90,454
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 3,917 3,917  
4 Dividends and interest from securities... 54,927 54,981  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 153,899
b Gross sales price for all assets on line 6a 929,930
7 Capital gain net income (from Part IV, line 2)... 153,899
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 1 1  
12 Total. Add lines 1 through 11........ 303,198 212,798  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 3,810     3,810
c Other professional fees (attach schedule).... Click to see attachment 24,522 24,522    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,635 635    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 16,003     16,003
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 1,320 1,320    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 47,290 26,477   19,813
25 Contributions, gifts, grants paid....... 177,000 177,000
26 Total expenses and disbursements. Add lines 24 and 25 224,290 26,477   196,813
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 78,908
b Net investment income (if negative, enter -0-) 186,321
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......... 134,793 100,155 100,155
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) 269,861 Click to see attachment197,515 176,213
b Investments—corporate stock (attach schedule)....... 1,719,702 Click to see attachment1,871,192 2,576,407
c Investments—corporate bonds (attach schedule)....... 470,692 Click to see attachment504,497 528,364
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,595,048 2,673,359 3,381,139
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 2,595,048 2,673,359
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)..... 2,595,048 2,673,209
31 Total liabilities and net assets/fund balances (see instructions). 2,595,048 2,673,209
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
2,595,048
2
Enter amount from Part I, line 27a .....................
2
78,908
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
121
4
Add lines 1, 2, and 3 ..........................
4
2,674,077
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
868
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
2,673,209
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 P    
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 908,839   776,031 132,808
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       132,808
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 153,899
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 160,017 3,283,559 0.048733
2013 153,332 3,117,462 0.049185
2012 143,055 2,860,325 0.050014
2011 131,505 2,782,085 0.047269
2010 142,170 2,647,631 0.053697
2
Total of line 1, column (d) .....................
20.248898
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
0.049780
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
3,360,831
5
Multiply line 4 by line 3......................
5
167,302
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,863
7
Add lines 5 and 6........................
7
169,165
8
Enter qualifying distributions from Part XII, line 4.............
8
196,813
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 1,863
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 1,863
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,863
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 2,891
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 2,891
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 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 1,028
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet1,028 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bullet
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
     
     
    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. Click to see attachment...............................
    10
    Yes
     
    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 addressbulletTHEHOLLEYFOUNDATION.ORG
    14
    The books are in care ofbulletTHE PRIVATE BANK - BRUCE BEAUMONT Telephone no.bullet (248) 566-4715

    Located atbullet34901 WOODWARD AVE STE 20034901 WOODWARD AVE STE 200BIRMINGHAMMI ZIP+4bullet48009
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    LYNN KRUGMAN PRESIDENT
    10.00     		0 0 0
    19 SCOTTSDALE COURT
    LUTHERVILLE,MD21093
    REV GEORGE HOLLEY MEMBER/PRGM
    10.00     		0 0 0
    1846 HEYDON COURT
    HENDERSON,NV89014
    CHARLIE KUEHN TRUSTEE
    10.00     		0 0 0
    285 WAUWATOSA RD
    CEDARBURG,WI53012
    ANDY KUEHN SECRETARY/TR
    10.00     		0 0 0
    7620 N FAIRCHILD
    FOX POINT,WI53217
    STEPHEN HOLLEY 1ST VP/MEMB
    10.00     		0 0 0
    50 RIVER OAKS LANE
    BASALT,CO81621
    GREGG KUEHN MEMBER/TREAS
    10.00     		0 0 0
    1756 12TH AVENUE
    GRAFTON,WI53024
    BEN DEVRIES TRUSTEE
    10.00     		0 0 0
    8 RAMONA AVENUE
    SAN FRANCISCO,CA94103
    SEPPE KUEHN TRUSTEE
    10.00     		0 0 0
    308 W HIGH STREET
    URBANA,IL61801
    JENNIFER BOYD TRUSTEE
    10.00     		0 0 0
    19 SCOTTSDALE COURT
    LUTHERVILLE,MD21093
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    3,294,537
    b
    Average of monthly cash balances.......................
    1b
    117,474
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,412,011
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    3,412,011
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    51,180
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,360,831
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    168,042
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    168,042
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    1,863
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,863
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    166,179
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    166,179
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    166,179
    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
    196,813
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    196,813
    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
    1,863
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    194,950
    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 7 166,179
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 13,827
    b From 2011......  
    c From 2012...... 2,913
    d From 2013...... 2,155
    e From 2014......  
    fTotal of lines 3a through e........ 18,895
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 196,813
    a Applied to 2014, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2015 distributable amount..... 166,179
    e Remaining amount distributed out of corpus 30,634
    5 Excess distributions carryover applied to 2015.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 49,529
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		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) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		13,827
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		35,702
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012.... 2,913
    c Excess from 2013.... 2,155
    d Excess from 2014....  
    e Excess from 2015.... 30,634
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    THE HOLLEY FOUNDATION
    C/O THE PRIVATE BANK
    34901 WOODWARD AVENUE STE 200
    BIRMINGHAM,MI48009
    (248) 566-4700
    GRANTS@THEHOLLEYFOUNDATION.ORG
    bThe form in which applications should be submitted and information and materials they should include:
    E-MAIL TRANSMISSION PREFERRED, USE OF THE COUNCIL OF MICHIGAN FOUNDATIONS COMMON GRANT APPLICATION PREFERRED. APPLICANT MUST INCLUDE A COPY OF THE 501C3 LETTER
    cAny submission deadlines:
    MARCH 30 FOR THE SPRING MEETING AND SEPTEMBER 30 FOR THE FALL MEETING
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRANTS MADE FOR PROGRAMS AND ORGANIZATIONS LOCATED IN SOUTHEASTERN MICHIGAN, ESPECIALLY THE METRO-DETROIT AREA. ORGANIZATIONS/PROGRAMS LOCATED OUTSIDE SOUTHEASTERN MICHIGAN MUST BE SPONSOREDE BY AN INDIVIDAUL TRUSTEE WHO IS FAMILIAR WITH THE ORGANIZATION.
    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
    INSIDEOUT LIT ART PROJ CARSTENS SC
    13000 ESSEX AVE
    DETROIT,MI482153243     		  EXEMPT WRITER IN RESIDENT AT CARSTENS SCH 15,000
    PROJECT SEED ATTN DAN MULLIGAN
    2111 WOODWARD AVE
    DETROIT,MI482013421     		  EXEMPT 2014 SUMMER SPARK CAMP 20,000
    GLEANERS COMM FOOD BANK OF SE MICH
    2131 BEAUFAIT
    DETROIT,MI482073410     		NONE EXEMPT SUPPORT KID SNACK PROG SEVILLAGE SCH 17,500
    COVENANT HOUSE MICHIGAN
    2959 MARTIN LUTHER KING
    DETROIT,MI482082475     		  EXEMPT EASTSIDE STREET OUTREACH PROG 10,000
    COMM FOUNDATION FOR SOUTHEAST MICH
    333 WEST FORT ST
    DETROIT,MI482263134     		  EXEMPT PROGRAM SERVICES 21,000
    MACC DEVELOPMENT
    7900 MACK AVE
    DETROIT,MI48214     		  EXEMPT 2015 SUM READ CAMP & FUND ASST DIR 39,000
    DETROIT POLICE ATHLETIC LEAGUE
    111 W WILLIS ST
    DETROIT,MI482011809     		  EXEMPT SUPPORT MENTOR PROJ AT CARSTENS SCH 4,500
    DETROIT PUBLIC SCHOOLS
    3011 W GRAND BLVD
    DETROIT,MI48202     		    IPADS FOR MOSES FIELD SCH STUDENTS 29,000
    DETROIT PARENT NETWORK
    726 LOTHROP RD
    DETROIT,MI48202     		    PROJECT GRADUATION AT SE HIGH SCH 20,000
    LAWRENCE TECHNICAL UNIVERSITY
    ATTN ADVANCEMENT OFFICE
    21000 W TEN MILE ROAD
    SOUTHFIELD,MI480751058     		    SCHOLARSHIP - FURTHER EDUCATION 1,000
    Total .................................bullet 3a 177,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		    14 3,917  
    4 Dividends and interest from securities....     14 54,927  
    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 1  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 153,899  
    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)..   212,744  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13212,744
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


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

    38-6055168
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2
    Name of organization
    THE HOLLEY FOUNDATION
    C/O THE PRIVATE BANK         		Employer identification number
    38-6055168
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    DAVID V UIHLEIN FOUNDATION  
    735 N WATER ST STE 712
     
    MILWAUKEE, WI532024104

    		$ 35,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
     
     

    MARGERY H UIHLEIN  
    1210 WEST ESTATES DR N-124
     
    MEQUON, WI53092

    		$ 50,204


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
     
     

    MARGARET HOLLEY  
    101 BELLANT CIRCLE
     
    WILMINGTON, DE19807

    		$ 5,000


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 3
    Name of organization
    THE HOLLEY FOUNDATION
    C/O THE PRIVATE BANK         		Employer identification number

    38-6055168
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    2
    		 1135 SH US BANCORP STOCK PUBLICLY TRADED STOCK CUSIP XXX-XX-XXXX $ 50,104 2015-12-15
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 4
    Name of organization
    THE HOLLEY FOUNDATION
    C/O THE PRIVATE BANK         		Employer identification number

    38-6055168
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2015 AccountingFeesSchedule
    Name:
    THE HOLLEY FOUNDATION
     
    C/O THE PRIVATE BANK
    EIN:
    38-6055168
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PARTYKA & COMPANY P.C - TAX 3,810     3,810

    TY 2015 ExplnOfNonFilingWithAGStmt
    Name:
    THE HOLLEY FOUNDATION
     
    C/O THE PRIVATE BANK
    EIN:
    38-6055168
    Statement:
    MICHIGAN DOES NOT REQUIRE REGISTRATION IF DONATIONS ARE NOT SOLICITED FROM THE GENERAL PUBLIC.

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    THE HOLLEY FOUNDATION
     
    C/O THE PRIVATE BANK
    EIN:
    38-6055168
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AT&T INC 5.5% 2/2018 16,367 16,035
    AIR PROD & CHEM 4.375% 8/2019 16,362 16,023
    AMERICAN EXPRESS 3.625% 12/2024 14,689 14,680
    BB&T CORP 4.9% 6/2017 19,602 20,847
    BECTON DICKINSON & CO 5% 5/2019 16,605 16,201
    DOVER CORP 5.45% 3/2018 20,835 21,555
    EATON CORP 5.6% 5/2018 21,682 21,620
    EMERSON ELECTRIC CO 5.375% 10/2017 21,288 21,320
    FEDERAL FARM CR BANK 4.15%    
    FREDDIE MAC 1% 6/2020 34,956 35,017
    GENERAL ELEC CAP CORP 4.65% 10/2021 31,508 33,215
    GOLDMAN SACHS BK USA 1.55% 10/2017 49,881 50,151
    JP MORGAN CHASE & CO 6% 1/2018 20,483 21,601
    KEY BANK NA 5.091% 3/2015    
    MCDONALD'S CORP 2.2% 05/2020 14,874 14,728
    MET LIFE INC 6.75% 6/1/2016 15,436 15,344
    MIDAMERICAN ENERGY CO 5.3% 3/2018 16,296 16,108
    NAT'L RURAL UTIL COOP 3.05% 3/2016 16,283 16,144
    PRAXAIR INC 3% 9/2021 15,399 15,184
    PROGRESSIVE CORP 3.75% 8/23/2021 15,404 15,860
    PURDUE IN UNIV COPS 5.388% 7/2022-19 21,299 21,702
    ST PAUL TRAVELERS 6.25% 6/2016 20,283 20,482
    TARGET CORP 4.875% 5/2018 21,575 21,368
    US BANCORP 2.95% 7/2022 25,481 24,856
    VERIZON COMM 6.35% 4/2019 16,823 16,875
    WELLS FARGO & CO 4.6% 4/2021 21,086 21,035
    FNMA POOL 735912   9,958
    FNMA POOL 995112   10,455

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    THE HOLLEY FOUNDATION
     
    C/O THE PRIVATE BANK
    EIN:
    38-6055168
    Name of Stock End of Year Book Value End of Year Fair Market Value
    PRIOR YEAR    
    SKSEX 30,000 27,765
    ABMD 11,320 45,140
    ADBE 20,959 25,834
    EGFIX 40,000 40,810
    ARG    
    AKAM 5,818 8,684
    GOOG 7,880 19,731
    GOOGL 7,881 20,228
    AMZN 9,289 33,795
    AME 20,895 21,436
    AAPL 2,315 18,421
    BKD    
    CNI    
    CTSH    
    KMX 18,907 18,890
    DXCM 4,028 40,950
    EBAY    
    EOG 17,951 14,158
    ECL 4,657 22,533
    EXAM 9,195 13,300
    XOM 18,221 20,267
    FMIHX 10,000 8,202
    FAST 10,535 24,492
    GE 20,294 20,715
    GILD 3,772 20,238
    GWRE 12,839 24,064
    HMSY    
    IDXX    
    ICE 2,949 12,813
    ISRG 11,714 27,308
    IWM 21,920 22,524
    JVMIX 15,000 15,110
    JNJ 15,585 25,680
    LKQ 10,342 29,630
    LOW 20,244 53,228
    MGA    
    MJN 20,475 20,132
    NVDQ 10,260 14,014
    P    
    PRAA 3,902 17,345
    PCP    
    PYPL 678 1,810
    PG 18,468 23,823
    PRLB 6,128 12,738
    RHT 15,266 26,913
    CRM 3,079 31,360
    SLB 13,154 13,950
    SBUX 4,473 60,030
    SRCL 9,519 30,150
    SYK 4,803 9,294
    TD    
    TDG 3,709 17,134
    TRS    
    USB    
    ULTI 2,239 31,281
    UNP 19,514 19,550
    UPS 15,837 28,869
    VDIGX 274,803 484,578
    WDAY 9,857 10,757
    WSM    
    ZTS 25,282 40,732
    ACT    
    FLTX 9,916 16,507
    ICLR    
    DLPH    
    ETN    
    JAZZ    
    MNK    
    PNR    
    ACE    
    LYB    
    NXPI    
    AVGO    
    FPA NEW INCOME INC 80,000 78,995
    FED SHORT TERM INC FD CL Y 140,000 138,274
    FED ULTRA SHORT BOND INST 103,000 102,035
    JPMORGAN CORE BOND FD 39,469 38,614
    VANGUARD INTERM TERM INV GR ADMIRAL 80,000 77,780
    VANGUARD SHORT TERM INV GR ADMIRAL 248,000 242,531
    BABA 9,074 10,159
    BUD    
    BAYRY    
    CBI    
    DBSDY    
    DEO    
    ERIC    
    HIT    
    HUWHY    
    ING    
    HEWJ 81,221 71,675
    EWJ    
    EFA 68,383 64,592
    NGG    
    NSRGY    
    NVS    
    NVO    
    ODVYX 20,000 19,430
    PRUDENTIAL PLC    
    RIO    
    RHHBY    
    SFTBY    
    TLSYY    
    TM    
    TNSIX 50,000 50,521
    UOVEY    
    VGK 63,146 59,856
    VLKAY    
    GTEYX 33,027 35,032

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    THE HOLLEY FOUNDATION
     
    C/O THE PRIVATE BANK
    EIN:
    38-6055168
    US Government Securities - End of Year Book Value:

    122,515
    US Government Securities - End of Year Fair Market Value:

    101,271
    State & Local Government Securities - End of Year Book Value:


    75,000
    State & Local Government Securities - End of Year Fair Market Value:


    74,942


    TY 2015 OtherDecreasesSchedule
    Name:
    THE HOLLEY FOUNDATION
     
    C/O THE PRIVATE BANK
    EIN:
    38-6055168
    Description Amount
    TIMING DIFFERENCES 624
    ACCRETION 244


    TY 2015 OtherExpensesSchedule
    Name:
    THE HOLLEY FOUNDATION
     
    C/O THE PRIVATE BANK
    EIN:
    38-6055168
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    FEES & DUES 1,320 1,320    


    TY 2015 OtherIncomeSchedule2
    Name:
    THE HOLLEY FOUNDATION
     
    C/O THE PRIVATE BANK
    EIN:
    38-6055168
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    REFUND 1 1  


    TY 2015 OtherIncreasesSchedule
    Name:
    THE HOLLEY FOUNDATION
     
    C/O THE PRIVATE BANK
    EIN:
    38-6055168
    Description Amount
    NON DIVIDEND DISTRIBUTIONS 121


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    THE HOLLEY FOUNDATION
     
    C/O THE PRIVATE BANK
    EIN:
    38-6055168
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TRUSTEE/EXECUTOR FEES 16,386 16,386    
    INVESTMENT MGMT FEES 8,136 8,136    


    TY 2015 SubstantialContributorsSch
    Name:
    THE HOLLEY FOUNDATION
     
    C/O THE PRIVATE BANK
    EIN:
    38-6055168
    Name Address
    MARGERY UIHLEIN 1210 WEST ESTATES DR N-124
    MEQUON,WI53092


    TY 2015 TaxesSchedule
    Name:
    THE HOLLEY FOUNDATION
     
    C/O THE PRIVATE BANK
    EIN:
    38-6055168
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 635 635    
    FEDERAL TAX 1,000