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
SHIPPY FOUNDATION
C/O THE CLARK ESTATES INC
Number and street (or P.O. box number if mail is not delivered to street address)ONE ROCKEFELLER PLAZA 31ST FLOOR
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10020
A Employer identification number

20-4083744
B Telephone number (see instructions)

(212) 977-6900
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$31,846,118J 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      
4 Dividends and interest from securities... 97,164 585,893  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 670,066
b Gross sales price for all assets on line 6a 3,293,346
7 Capital gain net income (from Part IV, line 2)... 1,282,122
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 795,229 -73,072  
12 Total. Add lines 1 through 11........ 1,562,459 1,794,943  
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).......        
c Other professional fees (attach schedule).... Click to see attachment 148,952 0   148,952
17 Interest...............   34,444    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 75,000 3,729   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 1,285 1,285   0
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 282,779 320,470   83,500
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 508,016 359,928   232,452
25 Contributions, gifts, grants paid....... 1,506,500 1,506,500
26 Total expenses and disbursements. Add lines 24 and 25 2,014,516 359,928   1,738,952
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -452,057
b Net investment income (if negative, enter -0-) 1,435,015
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......... 5,578,485 4,208,946 4,208,946
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 19,266,363 Click to see attachment16,683,345 16,605,059
c Investments—corporate bonds (attach schedule)....... 2,690,344 Click to see attachment2,823,507 2,687,225
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,891,667 Click to see attachment7,259,004 8,344,888
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) 31,426,859 30,974,802 31,846,118
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..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 31,426,859 30,974,802
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see instructions)..... 31,426,859 30,974,802
31 Total liabilities and net assets/fund balances (see instructions). 31,426,859 30,974,802
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
31,426,859
2
Enter amount from Part I, line 27a .....................
2
-452,057
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
30,974,802
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
30,974,802
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 900 ADT CORP   2014-01-14 2015-01-06
b 125 ADT CORP   2014-01-15 2015-01-06
c 175 ADT CORP   2014-01-15 2015-01-07
d 600 ADT CORP   2014-01-30 2015-01-07
e 1800 ADT CORP   2014-01-31 2015-01-07
1200 MEDTRONIC INC.   2014-09-26 2015-01-27
2500 MEDTRONIC INC.   2014-09-29 2015-01-27
1200 MEDTRONIC INC.   2014-10-15 2015-01-27
75 NASDAQ OMX GP   2014-06-17 2015-02-24
175 NASDAQ OMX GP   2014-06-19 2015-02-24
1300 NASDAQ OMX GP   2014-06-19 2015-02-24
850 NASDAQ OMX GP   2014-06-24 2015-02-24
450 NASDAQ OMX GP   2014-06-16 2015-02-25
225 NASDAQ OMX GP   2014-06-17 2015-02-25
125 NASDAQ OMX GP   2014-06-17 2015-02-25
300 NASDAQ OMX GP   2014-06-16 2015-02-26
350 NASDAQ OMX GP   2014-06-16 2015-02-26
350 NASDAQ OMX GP   2014-06-16 2015-02-26
1000 NASDAQ OMX GP   2014-06-16 2015-03-02
700 NASDAQ OMX GP   2014-06-16 2015-03-03
450 NASDAQ OMX GP   2014-06-16 2015-03-04
1450 QUALCOMM INC   2015-01-29 2015-11-18
2150 QUALCOMM INC   2015-01-29 2015-12-04
100 QUALCOMM INC   2015-11-05 2015-12-04
800 QUALCOMM INC   2015-11-05 2015-12-04
475 TARGET CORP   2014-01-17 2015-01-06
1200 TARGET CORP   2014-01-24 2015-01-06
800 TARGET CORP   2014-01-27 2015-01-06
800 TARGET CORP   2014-02-03 2015-01-06
800 TARGET CORP   2014-02-05 2015-01-06
100 VIACOM CLASS B   2014-11-07 2015-03-24
1300 VIACOM CLASS B   2014-11-13 2015-03-24
3225 VIACOM CLASS B   2014-11-07 2015-03-25
1050 VIACOM CLASS B   2015-01-14 2015-03-25
975 ADT CORP   2013-09-03 2015-01-06
1200 ADT CORP   2013-10-08 2015-01-06
1200 ADT CORP   2014-01-02 2015-01-06
1000 AMEC PLC   2013-07-30 2015-09-11
966.2 AMEC PLC   2013-06-27 2015-09-14
33.8 AMEC PLC   2013-07-30 2015-09-14
500 AMEC PLC   2013-06-27 2015-09-16
500 AMEC PLC   2013-06-27 2015-09-18
986.64 AMEC PLC   2013-04-11 2015-09-22
13.36 AMEC PLC   2013-06-27 2015-09-22
800 AMEC PLC   2013-04-11 2015-09-23
1500 AMEC PLC   2013-04-11 2015-09-28
900 AMEC PLC   2013-04-11 2015-09-29
672.28 AMEC PLC   2013-04-11 2015-09-30
827.72 AMEC PLC   2013-04-12 2015-09-30
1061.86 AMEC PLC   2013-04-12 2015-10-01
2438.14 AMEC PLC   2013-07-03 2015-10-01
1500 AMEC PLC   2013-07-03 2015-10-02
499.46 AMEC PLC   2013-04-15 2015-10-05
1619.64 AMEC PLC   2013-05-01 2015-10-05
380.9 AMEC PLC   2013-07-03 2015-10-05
1200 AMEC PLC   2013-04-15 2015-10-06
1899.74 AMEC PLC   2013-04-15 2015-10-07
1600.26 AMEC PLC   2013-04-17 2015-10-07
1009.16 AMEC PLC   2013-04-17 2015-10-08
190.84 AMEC PLC   2013-07-30 2015-10-08
3000 AMEC PLC   2013-07-30 2015-10-09
2028 AMEC PLC   2013-07-30 2015-10-12
7000 BANK NY MELLON   2012-01-31 2015-11-10
1250 DU PONT E.I.   2012-11-08 2015-01-06
50 DU PONT E.I.   2013-07-03 2015-01-06
250 DU PONT E.I.   2012-11-08 2015-01-09
600 DU PONT E.I.   2012-11-08 2015-01-13
100 DU PONT E.I.   2012-11-08 2015-02-09
200 DU PONT E.I.   2012-11-14 2015-02-09
2000 DU PONT E.I.   2012-11-14 2015-03-11
575 DU PONT E.I.   2012-11-16 2015-03-11
1100 DU PONT E.I.   2012-12-03 2015-03-11
200 LAB CORP   2009-09-03 2015-03-19
435 LAB CORP   2009-09-08 2015-03-19
365 LAB CORP   2009-09-16 2015-03-19
70 LAB CORP   2009-09-16 2015-03-20
450 LAB CORP   2009-09-17 2015-03-20
2300 MICROSOFT   2012-11-28 2015-03-02
900 MICROSOFT   2012-12-06 2015-03-02
400 MICROSOFT   2012-12-28 2015-03-02
GENERATION IM GLOBAL EQUITY FD P    
GENERATION IM GLOBAL EQUITY FD P    
CLARK BP LLC P    
CLARK BP LLC P    
CPBS LLC P    
CPBS LLC P    
CLARK FUND LLC P    
CLARK FUND LLC P    
CLARK FOCUS LLC P    
CLARK FOCUS LLC P    
CLARK FOCUS II LLC P    
CLARK FOCUS II LLC P    
CWS LLC P    
CWS LLC P    
FEDERAL PARTNERS LP P    
FEDERAL PARTNERS LP P    
CLARK PARTNERS I LP P    
CLARK PARTNERS I LP P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 31,339   34,853 -3,514
b 4,353   4,839 -486
c 6,125   6,775 -650
d 21,002   18,126 2,876
e 63,004   54,960 8,044
90,024   75,651 14,373
187,550   157,015 30,535
90,024   73,808 16,216
3,809   2,748 1,061
8,887   6,558 2,329
66,017   48,710 17,307
43,165   32,103 11,062
22,791   16,461 6,330
11,396   8,239 3,157
6,331   4,580 1,751
15,183   10,964 4,219
17,722   12,791 4,931
17,714   12,803 4,911
50,638   36,546 14,092
35,303   25,582 9,721
22,889   16,446 6,443
69,017   92,963 -23,946
112,106   137,842 -25,736
5,214   5,204 10
41,825   41,635 190
35,188   28,674 6,514
88,897   70,075 18,822
59,265   46,105 13,160
59,265   44,808 14,457
59,265   44,001 15,264
6,938   7,073 -135
90,192   92,567 -2,375
219,868   228,120 -8,252
71,585   71,630 -45
33,951   38,620 -4,669
41,786   47,040 -5,254
41,786   47,392 -5,606
11,740   57,608 -45,868
11,217   12,042 -825
392   1,947 -1,555
6,169   6,232 -63
5,911   6,232 -321
11,104   12,004 -900
150   167 -17
8,811   9,733 -922
15,811   18,249 -2,438
9,620   10,950 -1,330
7,258   8,179 -921
8,936   9,867 -931
11,707   12,658 -951
26,880   28,580 -1,700
16,810   17,583 -773
5,800   5,613 187
18,809   18,513 296
4,423   4,465 -42
14,507   13,485 1,022
23,764   21,349 2,415
20,018   17,499 2,519
12,466   11,035 1,431
2,357   433 1,924
37,857   6,808 31,049
25,119   4,602 20,517
305,094   141,421 163,673
88,823   54,466 34,357
3,553   2,626 927
18,865   10,893 7,972
45,317   26,144 19,173
7,548   4,357 3,191
15,096   8,569 6,527
158,301   85,687 72,614
45,511   24,071 21,440
87,065   46,803 40,262
25,201   13,705 11,496
54,813   29,697 25,116
45,993   24,101 21,892
8,820   4,622 4,198
56,697   28,571 28,126
100,688   62,675 38,013
39,400   24,075 15,325
17,511   10,657 6,854
      122,766
      557,501
      -384,774
      167,968
      3,128
      18,364
      -18,282
      270,991
      -82,178
      22,178
      -144,938
      32,906
      -757
      1,543
      -11,783
      32,965
      -1,105
      25,563
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       -3,514
b       -486
c       -650
d       2,876
e       8,044
      14,373
      30,535
      16,216
      1,061
      2,329
      17,307
      11,062
      6,330
      3,157
      1,751
      4,219
      4,931
      4,911
      14,092
      9,721
      6,443
      -23,946
      -25,736
      10
      190
      6,514
      18,822
      13,160
      14,457
      15,264
      -135
      -2,375
      -8,252
      -45
      -4,669
      -5,254
      -5,606
      -45,868
      -825
      -1,555
      -63
      -321
      -900
      -17
      -922
      -2,438
      -1,330
      -921
      -931
      -951
      -1,700
      -773
      187
      296
      -42
      1,022
      2,415
      2,519
      1,431
      1,924
      31,049
      20,517
      163,673
      34,357
      927
      7,972
      19,173
      3,191
      6,527
      72,614
      21,440
      40,262
      11,496
      25,116
      21,892
      4,198
      28,126
      38,013
      15,325
      6,854
      122,766
      557,501
      -384,774
      167,968
      3,128
      18,364
      -18,282
      270,991
      -82,178
      22,178
      -144,938
      32,906
      -757
      1,543
      -11,783
      32,965
      -1,105
      25,563
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,282,122
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)
If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2014 1,736,050 28,245,588 0.061463
2013 1,665,365 26,577,747 0.062660
2012 1,596,968 26,753,523 0.059692
2011 1,903,037 22,397,012 0.084968
2010 1,287,712 21,778,070 0.059129
2
Total of line 1, column (d) .....................
20.327912
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
0.065582
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
32,810,129
5
Multiply line 4 by line 3......................
5
2,151,754
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
14,350
7
Add lines 5 and 6........................
7
2,166,104
8
Enter qualifying distributions from Part XII, line 4.............
8
1,738,952
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 28,700
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 28,700
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 28,700
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 23,761
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 40,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 63,761
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 67
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 34,994
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet34,994 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)
    bulletDE
    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 ofbulletRICHARD C VANISON ASST TREASURER Telephone no.bullet (212) 977-6900

    Located atbulletONE ROCKEFELLER PLAZA 31ST FLOORNEW YORKNY ZIP+4bullet10020
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    ANNE L PERETZ PRESIDENT/DIRECTOR
    1.00     		0 0 0
    C/O MOTT PHILANTHROPIC PRUDENTIAL
    TOWER 800 BOYLSTON ST SUITE 1560
    BOSTON,MA021998129
    DAVID L FARNSWORTH CHAIRMAN/DIRECTOR
    1.00     		0 0 0
    C/O MOTT PHILANTHROPIC PRUDENTIAL
    TOWER 800 BOYLSTON ST SUITE 1560
    BOSTON,MA021998129
    ANNE E FARNSWORTH VICE PRESIDENT/DIRECTOR
    1.00     		0 0 0
    C/O MOTT PHILANTHROPIC PRUDENTIAL
    TOWER 800 BOYLSTON ST SUITE 1560
    BOSTON,MA021998129
    JESSE W PERETZ VICE PRES/TREASURER/DIRECT
    1.00     		0 0 0
    C/O MOTT PHILANTHROPIC PRUDENTIAL
    TOWER 800 BOYLSTON ST SUITE 1560
    BOSTON,MA021998129
    EVGENIA S PERETZ VICE PRES,SECRETARY/DIRECT
    1.00     		0 0 0
    C/O MOTT PHILANTHROPIC PRUDENTIAL
    TOWER 800 BOYLSTON ST SUITE 1560
    BOSTON,MA021998129
    RICHARD C VANISON ASST. TREASURER
    1.00     		0 0 0
    ONE ROCKEFELLER PLAZA 31ST FLOOR
    NEW YORK,NY10020
    WILLIAM T BURDICK ASST. SECRETARY
    1.00     		0 0 0
    ONE ROCKEFELLER PLAZA 31ST FLOOR
    NEW YORK,NY10020
    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
    MOTT PHILANTHROPIC PHILANTHROPIC ADVISORY 148,952
    316 NEWBURY STREET
    BOSTON,MA02115
    THE CLARK ESTATES INC INVESTMENT ADVISORY 75,000
    ONE ROCKEFELLER PLAZA
    NEW YORK,NY10020
    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
    28,397,763
    b
    Average of monthly cash balances.......................
    1b
    4,912,013
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    33,309,776
    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
    33,309,776
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    499,647
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    32,810,129
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,640,506
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    1,640,506
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    28,700
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    28,700
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,611,806
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,611,806
    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
    1,611,806
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,738,952
    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
    1,738,952
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,738,952
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2014     		(c)
    2014     		(d)
    2015
    1 Distributable amount for 2015 from Part XI, line 7 1,611,806
    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......  
    b From 2011...... 249,296
    c From 2012...... 294,472
    d From 2013...... 424,652
    e From 2014...... 374,021
    fTotal of lines 3a through e........ 1,342,441
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 1,738,952
    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..... 1,611,806
    e Remaining amount distributed out of corpus 127,146
    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 1,469,587
    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) ...     		0
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		1,469,587
    10 Analysis of line 9:
    a Excess from 2011.... 249,296
    b Excess from 2012.... 294,472
    c Excess from 2013.... 424,652
    d Excess from 2014.... 374,021
    e Excess from 2015.... 127,146
    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
    UASPIRE INC
    31 MILK STREET 9TH FL
    BOSTON,MA02109     		    GENERAL OPERATIONS 25,000
    ACTION FOR BOSTON COMMUNITY DEVELOPMENT
    178 TREMONT STREET
    BOSTON,MA02111     		    GENERAL OPERATIONS 42,000
    ARTISTS FOR HUMANITY
    100 WEST 2ND STREET
    BOSTON,MA02127     		    GENERAL OPERATIONS 5,000
    ARESENAL CENTER FOR THE ARTS
    321 ARSENAL ST
    WATERTOWN,MA02472     		    GENERAL OPERATIONS 2,000
    ARLINGTON BOYS AND GIRLS CLUB
    60 POND LANE
    ARLINGTON,MA02474     		    GENERAL OPERATIONS 2,000
    ARLINGTON HEALTH & HUMAN SERVICES CHARITABLE CORP
    670 MASSACHUSETTS AVENUE
    ARLINGTON,MA02476     		    GENERAL OPERATIONS 1,000
    BETH ISRAEL DECONESS MEDICAL CENTER
    330 BROOKLINE AVENUE
    BOSTON,MA02215     		    GENERAL OPERATIONS 5,000
    BOSTON ARTS ACADEMY
    174 IPSWICH STREET
    BOSTON,MA02215     		    GENERAL OPERATIONS 35,000
    BOSTON COLLEGIATE CHARTER SCHOOL FOUNDATION
    11 MAYHEW STREET
    BOSTON,MA02135     		    GENERAL OPERATIONS 50,000
    BOSTON EDUCATIONAL DEVELOPMENT FOUNDATION
    26 COURT STREET
    BOSTON,MA02108     		    GENERAL OPERATIONS 50,000
    BLACK MINISTER ALLIANCE OF GREATER BOSTON
    2010 COLUMBUS AVE 1ST FL
    ROXBURY,MA02119     		    GENERAL OPERATIONS 7,000
    BOSTON PLAN FOR EXCELLENCE FOUNDATION
    27-43 WORMWOOD STREET SUITE 110
    BOSTON,MA02110     		    GENERAL OPERATIONS 40,000
    BREAKTHROUGH NEW YORK
    55 EXCHANGE PLACE SUITE 503
    NEW YORK,NY10005     		    GENERAL OPERATIONS 50,000
    BROOKE SCHOOL FOUNDATION
    190 CUMMINS HIGHWAY
    ROSLINDALE,MA02131     		    GENERAL OPERATIONS 50,000
    CAMBRIDGE FRIENDS SCHOOL
    5 CADBURY ROAD
    CAMBRIDGE,MA02140     		    GENERAL OPERATIONS 3,000
    CESAR CHAVEZ PUBLIC CHARTER SCHOOL
    709 12TH STREET SE
    WASHINGTON,DC20003     		    GENERAL OPERATIONS 35,000
    CODMAN ACADEMY FDN
    637 WASHINGTON ST
    DORCHESTER,MA02124     		    GENERAL OPERATIONS 20,000
    COLLIDGE CORNER THEATER FOUNDATION
    290 HARVARD STREET
    BROOKLINE,MA02416     		    GENERAL OPERATIONS 1,000
    COMMONWEALTH SCHOOL
    151 COMMONWEALTH AVENUE
    BOSTON,MA02116     		    GENERAL OPERATIONS 2,000
    CONCORD ACADEMY
    166 MAIN STREET
    CONCORDE,MA01742     		    GENERAL OPERATIONS 16,000
    DIST OF COLUMBIA COLLEGE ACCESS PROGRAM
    1029 VERMONT AVENUE NW SUITE 400
    WASHINGTON,DC20005     		    GENERAL OPERATIONS 50,000
    EUPHEMIA L HAYES PUBLIC CHARTER SCHOOL
    3600 GEORGIA AVE NW
    WASHINGTON,DC20010     		    GENERAL OPERATIONS 40,000
    FOOD BANK OF NEW YORK
    39 BROADWAY 10TH FLOOR
    NEW YORK,NY10006     		    GENERAL OPERATIONS 4,000
    GIRLS EDUCATIONAL AND MENTORING SERVICES
    201 W 148 STREET
    NEW YORK,NY10039     		    GENERAL OPERATIONS 12,000
    GREATER BOSTON FOOD BANK
    70 SOUTH BAY AVENUE
    BOSTON,MA02118     		    GENERAL OPERATIONS 17,000
    HABITAT FOR HUMANITY - NEW ORLEANS
    PO BOX 15052
    NEW ORLEANS,LA70175     		    GENERAL OPERATIONS 2,000
    HIGHER ACHIEVEMENT PROGRAM
    317 8TH STREET NE
    WASHINGTON,DC20002     		    GENERAL OPERATIONS 50,000
    INTERNATIONAL NETWORK FOR PUBLIC SCHOOLS INC
    50 BROADWAY SUITE 2200
    NEW YORK,MA10004     		    GENERAL OPERATIONS 50,000
    KIDS IN NEED DISTRIBUTORS
    6917 ARLINGTON RD SUITE 302
    BETHESDA,MD20814     		    GENERAL OPERATIONS 10,000
    LAB SCHOOL OF WASHINGTON
    4759 REERVOIR ROAD NW
    WASHINGTON,DC20007     		    GENERAL OPERATIONS 25,000
    LEGAL OUTREACH
    36-14 35TH STREET
    LONG ISLAND CITY,NY11106     		    GENERAL OPERATIONS 62,500
    PARENTING JOURNEY
    366 SOMERVILLE AVENUE
    SOMERVILLE,MA02143     		    GENERAL OPERATIONS 8,000
    PASSIM CENTER
    26 CHURCH STREET SUITE 300
    CAMBRIDGE,MA02138     		    GENERAL OPERATIONS 3,000
    PEACE FIRST
    280 SUMMER STREET MEZZ LVL
    BOSTON,MA02210     		    GENERAL OPERATIONS 75,000
    PROSPECT HILL ACADEMY CHARTER SCHOOL
    50 ESSEX STREET
    CAMBRIDGE,MA02139     		    GENERAL OPREATIONS 100,000
    RESEARCH FOUNDATION OF CUNY
    160 CONVENT AVENUE
    NEW YORK,NY10031     		    GENERAL OPERATIONS 50,000
    ROXBURY PREP CHARTER SCHOOL FOUNDATION
    120 FISHER AVE
    ROXBURY,MA02120     		    GENERAL OPERATIONS 125,000
    SAINT ANN'S SCHOOL
    129 PIERREPONT STREET
    BROOKLYN,NY11201     		    GENERAL OPERATIONS 30,000
    SPONSORS FOR EDUCATION OPPORTUNITY INC
    55 EXCHANGE PLACE SUITE 601
    NEW YORK,NY10005     		    GENERAL OPERATIONS 50,000
    STREET LAB INC
    6 VARICK STREET 10B
    NEW YORK,NY10013     		    GENERAL OPERATIONS 25,000
    TEACH PLUS
    374 CONGRESS ST SUITE 502
    BOSTON,MA02210     		    GENERAL OPERATIONS 50,000
    THE BELL FOUNDATION
    60 CLAYTON STREET
    DORCHESTER,MA02138     		    GENERAL OPERATIONS 35,000
    MARIN SHAKESPEARE CO
    PO BOX 4053
    SAN RAFAEL,CA94913     		    GENERAL OPERATIONS 5,000
    EDVESTORS
    140 CLARENDON ST SUITE 305
    BOSTON,MA02116     		    GENERAL OPERATIONS 125,000
    URBAN ASSEMBLY
    90 BROAD STREET SUITE 2101
    NEW YORK,NY10004     		    GENERAL OPERATIONS 50,000
    WASHINGTION MARKET SCHOOL
    134 DUANE STREET
    NEW YORK,NY10013     		    GENERAL OPERATIONS 2,000
    CHAPEL HILL-CHAUNCY HALL SCHOOL
    785 BEAVER STREET
    WALTHAM,MA02452     		    GENERAL OPERATIONS 4,000
    WALDORF HIGH SCHOOL OF MASSACHUSETTS BAY
    160 LEXINGTON STREET
    BELMONT,MA02478     		    GENERAL OPERATIONS 1,000
    JUBILEE JUMPSTART
    2525 ONTARIO RD NW GROUND FLOOR
    WASHINGTON,DC20009     		    GENERAL OPERATIONS 5,000
    Total .................................bullet 3a 1,506,500
    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    
    4 Dividends and interest from securities....     14 97,164  
    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.....     14 795,229  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 670,066  
    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 1,562,459 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,562,459
    (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.)
    4 INTEREST AND DIVIDENDS ON INVESTMENTS
    8 GAIN ON SALE OF SECURITIES
    7 OTHER INVESTMENT INCOME
    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 InvestmentsCorpBondsSchedule
    Name:
    SHIPPY FOUNDATION
     
    C/O THE CLARK ESTATES INC
    EIN:
    20-4083744
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BONDS 2,823,507 2,687,225

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    SHIPPY FOUNDATION
     
    C/O THE CLARK ESTATES INC
    EIN:
    20-4083744
    Name of Stock End of Year Book Value End of Year Fair Market Value
    STOCK 16,683,345 16,605,059

    TY 2015 InvestmentsOtherSchedule2
    Name:
    SHIPPY FOUNDATION
     
    C/O THE CLARK ESTATES INC
    EIN:
    20-4083744
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    PRIVATE EQUITY AT COST 7,259,004 8,344,888

    TY 2015 OtherExpensesSchedule
    Name:
    SHIPPY FOUNDATION
     
    C/O THE CLARK ESTATES INC
    EIN:
    20-4083744
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MANAGEMENT FEE 265,000 181,500   83,500
    CUSTODY FEE 17,193 17,193   0
    MISCELLANEOUS 586 586   0
    PARTNERSHIP K-1 0 121,191   0


    TY 2015 OtherIncomeSchedule2
    Name:
    SHIPPY FOUNDATION
     
    C/O THE CLARK ESTATES INC
    EIN:
    20-4083744
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INVESTMENT INCOME 609,272 -79,570 609,272
    PARTNERSHIP OTHER INCOME 185,957 0 185,957


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    SHIPPY FOUNDATION
     
    C/O THE CLARK ESTATES INC
    EIN:
    20-4083744
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROFESSIONAL FEES 148,952 0   148,952


    TY 2015 TaxesSchedule
    Name:
    SHIPPY FOUNDATION
     
    C/O THE CLARK ESTATES INC
    EIN:
    20-4083744
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 75,000 0   0
    FOREIGN TAX PD 0 3,729   0