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
RUDERMAN FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)2150 WASHINGTON STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEWTON, MA02462
A Employer identification number

04-3334973
B Telephone number (see instructions)

(617) 559-9919
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$173,288,208J 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 8,013 7,692  
4 Dividends and interest from securities... 8,826,159 8,826,143  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -704,518
b Gross sales price for all assets on line 6a 94,543,701
7 Capital gain net income (from Part IV, line 2)... 0
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 67,627 -2,268  
12 Total. Add lines 1 through 11........ 8,197,281 8,831,567  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 459,752 0   413,777
14 Other employee salaries and wages...... 163,538 0   147,184
15 Pension plans, employee benefits....... 87,328 0   78,596
16a Legal fees (attach schedule)......... Click to see attachment 3,981 0   3,981
b Accounting fees (attach schedule)....... Click to see attachment 14,676 0   14,676
c Other professional fees (attach schedule).... Click to see attachment 202,130 202,130   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 415,805 38,735   38,383
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 107,180 0   107,180
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 1,026,135 0   998,635
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,480,525 240,865   1,802,412
25 Contributions, gifts, grants paid....... 6,379,912 6,379,912
26 Total expenses and disbursements. Add lines 24 and 25 8,860,437 240,865   8,182,324
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -663,156
b Net investment income (if negative, enter -0-) 8,590,702
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............. 2,762,220 1,230,519 1,230,519
2 Savings and temporary cash investments.........      
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)....... 148,644,388 Click to see attachment129,580,219 143,689,595
c Investments—corporate bonds (attach schedule)....... 8,798,266 Click to see attachment28,672,439 28,191,683
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 263,410 Click to see attachment321,951 176,411
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) 160,468,284 159,805,128 173,288,208
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........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 160,468,284 159,805,128
30 Total net assets or fund balances (see instructions)..... 160,468,284 159,805,128
31 Total liabilities and net assets/fund balances (see instructions). 160,468,284 159,805,128
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
160,468,284
2
Enter amount from Part I, line 27a .....................
2
-663,156
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
159,805,128
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
159,805,128
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 NORTHERN TRUST #26858 P 2015-01-01 2015-12-31
b NORTHERN TRUST #26858 P 2015-01-01 2015-12-31
c MEDITECH STOCK P 2015-01-01 2015-12-31
d K-1 PRIVATE EQUITY PORTFOLIO TECHNOLOGY FUND, LLC P    
e K-1 PRIVATE EQUITY PORTFOLIO TECHNOLOGY FUND, LLC P    
K-1 PRIVATE EQUITY PORTFOLIO FUND III P    
K-1 PRIVATE EQUITY PORTFOLIO FUND III P    
CAPITAL GAINS DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 50,816,447   52,376,165 -1,559,718
b 18,486,216   18,988,356 -502,140
c 24,999,930   23,888,822 1,111,108
d       5,529
e       -26
      -17
      -362
241,108     241,108
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       -1,559,718
b       -502,140
c       1,111,108
d       5,529
e       -26
      -17
      -362
      241,108
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 -704,518
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 6,172,592 159,035,506 0.038813
2013 5,495,420 117,163,864 0.046904
2012 4,043,560 68,490,595 0.059038
2011 2,764,487 6,105,352 0.452797
2010 2,371,373 5,440,763 0.435853
2
Total of line 1, column (d) .....................
21.033405
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
0.206681
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
175,490,624
5
Multiply line 4 by line 3......................
5
36,270,578
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
85,907
7
Add lines 5 and 6........................
7
36,356,485
8
Enter qualifying distributions from Part XII, line 4.............
8
8,182,324
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 1 171,814
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........................... 3 171,814
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- ..... 5 171,814
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 229,330
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 50,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 279,330
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 10 107,516
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet107,516 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)
    bulletMA
    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 addressbulletWWW.RUDERMANFOUNDATION.ORG
    14
    The books are in care ofbulletJAY RUDERMAN Telephone no.bullet (617) 559-9919

    Located atbullet2150 WASHINGTON STREETNEWTONMA ZIP+4bullet02462
    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
    MARCIA RUDERMAN TRUSTEE
    1.00     		0 0 0
    2150 WASHINGTON STREET
    NEWTON,MA02462
    JAY SETH RUDERMAN TRUSTEE
    50.00     		220,592 15,814 0
    2150 WASHINGTON STREET
    NEWTON,MA02462
    SHARON ELLEN SHAPIRO TRUSTEE
    30.00     		71,696 15,814 0
    2150 WASHINGTON STREET
    NEWTON,MA02462
    TODD ADAM RUDERMAN TRUSTEE
    1.00     		0 0 0
    2150 WASHINGTON STREET
    NEWTON,MA02462
    STEVEN P ROSENTHAL TRUSTEE
    1.00     		0 0 0
    2150 WASHINGTON STREET
    NEWTON,MA02462
    ELIZABETH A ZWICK PROGRAM OFFICER
    40.00     		90,547 15,814 0
    2150 WASHINGTON STREET
    NEWTON,MA02462
    FRANCINE SHRON PROGRAM OFFICER
    40.00     		76,917 14,469 0
    2150 WASHINGTON STREET
    NEWTON,MA02462
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    THE NORTHERN TRUST COMPANY INVESTMENT ADVISOR 202,130
    2150 WASHINGTON STREET
    NEWTON,MA02462
    DAVID BERNSTEIN PROGRAM DEVELOPMENT CONSULTANT 67,061
    2150 WASHINGTON STREET
    NEWTON,MA02462
    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
    172,740,240
    b
    Average of monthly cash balances.......................
    1b
    5,422,830
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    178,163,070
    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
    178,163,070
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,672,446
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    175,490,624
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    8,774,531
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    8,774,531
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    171,814
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    171,814
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    8,602,717
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    8,602,717
    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
    8,602,717
    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
    8,182,324
    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
    8,182,324
    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
    8,182,324
    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 8,602,717
    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...... 2,105,497
    b From 2011...... 2,464,231
    c From 2012...... 702,053
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........ 5,271,781
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 8,182,324
    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..... 8,182,324
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2015. 420,393 420,393
    (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 4,851,388
    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) ...     		1,685,104
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		3,166,284
    10 Analysis of line 9:
    a Excess from 2011.... 2,464,231
    b Excess from 2012.... 702,053
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    MARCIA RUDERMAN
    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:
    SHARON E SHAPIRO
    2150 WASHINGTON STREET
    NEWTON,MA02462
    (617) 599-9919
    bThe form in which applications should be submitted and information and materials they should include:
    NOT APPLICABLE
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    ORGANIZATIONS MUST QUALIFY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
    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
    ALPHA-1 FOUNDATION
    2937 SW 27TH AVENUE 302
    MIAMI,FL33101     		NONE PUBLIC CHARITY GENERAL PURPOSE 25,000
    AMERICAN FRIENDS OF BEIT ISSIE SHAPIRO
    767 THIRD AVENUE 3RD FLOOR
    NEW YORK,NY10017     		NONE PUBLIC CHARITY GENERAL PURPOSE 95,000
    AMERICAN FRIENDS OF ISRAEL ELWYN
    PO BOX 828284
    PHILADELPHIA,PA19182     		NONE PUBLIC CHARITY GENERAL PURPOSE 60,000
    AMERICAN FRIENDS OF REUT INSTITUTE
    8383 WILSHIRE BLVD 400
    BEVERLY HILLS,CA90211     		NONE PUBLIC CHARITY GENERAL PURPOSE 20,000
    AMERICAN ISRAEL EDUCATION FOUNDATION
    251 H STREET NW
    WASHINGTON,DC20001     		NONE PUBLIC CHARITY GENERAL PURPOSE 100,000
    AMERICAN JEWISH JOINT DISTRIBUTION COMMITTEE
    711 THIRD AVENUE 10TH FLOOR
    NEW YORK,NY10017     		NONE PUBLIC CHARITY GENERAL PURPOSE 990,000
    AMERICAN SOCIETY OF THE UNIVERSITY OF HAIFA
    80 BROAD STREET
    NEW YORK,NY10004     		NONE PUBLIC CHARITY GENERAL PURPOSE 260,000
    ANTI-DEFAMATION LEAGUE
    40 COURT STREET 12TH FLOOR
    BOSTON,MA02108     		NONE PUBLIC CHARITY GENERAL PURPOSE 2,860
    ASPERGERAUTISM NETWORK
    51 WATER STREET 206
    WATERTOWN,MA02472     		NONE PUBLIC CHARITY GENERAL PURPOSE 1,000
    ASSN OF ADULT MUSICIANS WITH HEARING LOSS
    PO BOX 522
    ROCKVILLE,MD01970     		NONE PUBLIC CHARITY GENERAL PURPOSE 250
    ASSN OF CTRS ON DISABILITIES (AUCD)
    1100 WAYNE AVE SUITE 1000
    SILVER SPRING,MD20848     		NONE PUBLIC CHARITY GENERAL PURPOSE 10,000
    ASSOCIATED GRANTMAKERS
    133 FEDERAL STREET
    BOSTON,MA02110     		NONE PUBLIC CHARITY GENERAL PURPOSE 5,000
    AUTISM SOCIETY OF AMERICA
    4340 EAST-WEST HIGHWAY 350
    BETHESDA,MD20814     		NONE PUBLIC CHARITY GENERAL PURPOSE 15,000
    B'NAI TORAH CONGREGATION
    6261 SW 18TH STREET
    BOCA RATON,FL33433     		NONE PUBLIC CHARITY GENERAL PURPOSE 5,000
    BEST BUDDIES INTERNATIONAL
    100 SE SECOND ST 2200
    MIAMI,FL33131     		NONE PUBLIC CHARITY GENERAL PURPOSE 50,000
    BOCA RATON REGIONAL HOSPITAL
    800 MEADOWS ROAD
    BOCA RATON,FL33433     		NONE PUBLIC CHARITY GENERAL PURPOSE 5,000
    BOSTON CHILDRENS HOSPITAL
    401 PARK DRIVE SUITE 602
    BOSTON,MA02215     		NONE PUBLIC CHARITY GENERAL PURPOSE 20,000
    BOSTON JEWISH FILM FESTIVAL INC
    1001 WATERTOWN STREET
    WEST NEWTON,MA02465     		NONE PUBLIC CHARITY GENERAL PURPOSE 30,000
    BRANDEIS UNIVERSITY
    415 SOUTH STREET
    WALTHAM,MA02453     		NONE PUBLIC CHARITY GENERAL PURPOSE 153,400
    BRIAN D SILBER MEMORIAL FUND
    18 ROADHEATH
    PEABODY,MA01960     		NONE PUBLIC CHARITY GENERAL PURPOSE 5,000
    CARDINAL CUSHING CENTERS INC
    405 WASHINGTON ST
    HANOVER,MA02339     		NONE PUBLIC CHARITY GENERAL PURPOSE 1,800
    CENTER FOR JEWISH CULTURE AND CREATIVITY
    2576 BROADWAY 292
    NEW YORK,NY10025     		NONE PUBLIC CHARITY GENERAL PURPOSE 15,000
    CITY OF MALDEN
    200 PLEASANT STREET
    MALDEN,MA02148     		NONE PUBLIC CHARITY GENERAL PURPOSE 5,000
    COHEN HILLEL ACADEMY
    6 COMMUNITY ROAD
    MARBLEHEAD,MA01945     		NONE PUBLIC CHARITY GENERAL PURPOSE 10,000
    COMBINED JEWISH PHILANTHROPIES OF GREATER BOSTON
    126 HIGH STREET
    BOSTON,MA02110     		NONE PUBLIC CHARITY GENERAL PURPOSE 1,205,850
    DISABILITY RIGHTS ADVOCATES
    2001 CENTER STREET FOURTH FLOOR
    BERKLEY,CA94704     		NONE PUBLIC CHARITY GENERAL PURPOSE 500
    DRAKE UNIVERISTY
    2507 UNIVERSITY AVE
    DES MOINES,IA50311     		NONE PUBLIC CHARITY GENERAL PURPOSE 100,000
    FJC A FOUNDATION OF PHILANTHROPIC FUNDS
    520 8TH AVENUE 20TH FL
    NEW YORK,NY10018     		NONE PUBLIC CHARITY GENERAL PURPOSE 60,000
    FOUNDATION FOR JEWISH CAMP INC
    253 WEST 35TH STREET 4TH FLOOR
    NEW YORK,NY10001     		NONE PUBLIC CHARITY GENERAL PURPOSE 271,700
    FRIENDSHIP CIRCLE OF MIAMI
    8700 SW 112 STREET
    MIAMI,FL33176     		NONE PUBLIC CHARITY GENERAL PURPOSE 25,000
    GANN ACADEMY
    333 FOREST STREET
    WALTHAM,MA02452     		NONE PUBLIC CHARITY GENERAL PURPOSE 10,000
    GATEWAYS ACCESS TO JEWISH EDUCATION
    333 NAHANTON SREET
    NEWTON,MA02459     		NONE PUBLIC CHARITY GENERAL PURPOSE 48,800
    HEBREW COLLEGE
    160 HERRICK ROAD
    NEWTON CENTRE,MA02459     		NONE PUBLIC CHARITY GENERAL PURPOSE 20,000
    HILLEL FOUNDATION FOR JEWISH CAMPUS LIFE
    800 EIGHTH STREET NW
    WASHINGTON,DC20001     		NONE PUBLIC CHARITY GENERAL PURPOSE 121,500
    HOLOCAUST SURVIVORS FOUNDATION USA
    4200 BISCAYNE BLVD
    MIAMI,FL33137     		NONE PUBLIC CHARITY GENERAL PURPOSE 20,000
    HUNTINGTON THEATRE COMPANY INC
    264 HUNTINGTON AVE
    BOSTON,MA02115     		NONE PUBLIC CHARITY GENERAL PURPOSE 7,500
    INSTITUTE FOR HUMAN CENTERED DESIGN INC
    200 PORTLAND ST 1
    BOSTON,MA02114     		NONE PUBLIC CHARITY GENERAL PURPOSE 5,000
    INTL ASSN JEWISH GENEOLOGICAL SOCIETIES
    1800 BEN FRANKLIN DRIVE A1002
    SARASOTA,FL34236     		NONE PUBLIC CHARITY GENERAL PURPOSE 5,000
    JEWISH ADOPTION AND FOSTER CARE OPTIONS (JAFCO)
    4200 NO UNIVERSITY DRIVE
    SUNRISE,FL33351     		NONE PUBLIC CHARITY GENERAL PURPOSE 50,000
    JEWISH COMMUNITY CENTERS OF GREATER BOSTON
    333 NAHANTON STREET
    NEWTON,MA02459     		NONE PUBLIC CHARITY GENERAL PURPOSE 5,000
    JEWISH COMMUNITY CENTERS OF NORTH SHORE
    4 COMMUNITY RD
    MARBLEHEAD,MA01945     		NONE PUBLIC CHARITY GENERAL PURPOSE 10,000
    JEWISH COMMUNITY RELATIONS COUNCIL
    126 HIGH STREET
    BOSTON,MA02110     		NONE PUBLIC CHARITY GENERAL PURPOSE 25,000
    JEWISH FAMILY SERVICE ASSN OF CLEVELAND
    24075 COMMERCE PARK
    BEACHWOOD,OH44122     		NONE PUBLIC CHARITY GENERAL PURPOSE 50,000
    JEWISH FEDERATION OF S PALM BEACH
    9901 DONNA KLEIN BLVD
    BOCA RATON,FL33428     		NONE PUBLIC CHARITY GENERAL PURPOSE 10,000
    JEWISH FEDERATIONS OF NORTH AMERICA
    25 BROADWAY SUITE 1700
    NEW YORK,NY10004     		NONE PUBLIC CHARITY GENERAL PURPOSE 150,000
    JEWISH FOUNDATION FOR GROUP HOMES INC
    1500 EAST JEFFERSON STREET
    ROCKVILLE,MD20852     		NONE PUBLIC CHARITY GENERAL PURPOSE 250
    JEWISH FUNDERS NETWORK
    150 WEST 30TH STREET 900
    NEW YORK,NY10001     		NONE PUBLIC CHARITY GENERAL PURPOSE 11,100
    JUDGE BAZELON CENTER FOR MENTAL HEALTH
    1101 15TH ST NW SUITE 1212
    WASHINTON,DC20005     		NONE PUBLIC CHARITY GENERAL PURPOSE 25,000
    LAPPIN FOUNDATION INC
    29 CONGRESS STREET
    SALEM,MA01960     		NONE PUBLIC CHARITY GENERAL PURPOSE 15,000
    LURIA ACADEMY OF BROOKLYN
    238 ST MARKS AVE
    BROOKLYN,NY11238     		NONE PUBLIC CHARITY GENERAL PURPOSE 50,000
    MA GENERAL HOSPITALLURIE CENTER
    55 FRUIT STREET
    BOSTON,MA02114     		NONE PUBLIC CHARITY GENERAL PURPOSE 100,000
    MACHANE ISRAEL INC
    770 EASTERN PARKWAY
    BROOKLYN,NY11213     		NONE PUBLIC CHARITY GENERAL PURPOSE 290,080
    MAIMONDES SCHOOL
    34 PHILBRICK RD
    BROOKLINE,MA02445     		NONE PUBLIC CHARITY GENERAL PURPOSE 360
    MAYYIM HAYYIM LIVING WATERS COMMUNITY
    1838 WASHINGTON STREET
    NEWTON,MA02466     		NONE PUBLIC CHARITY GENERAL PURPOSE 20,000
    MEMORIAL FOUNDATION FOR JEWISH CULTURE
    50 BROADWAY
    NEW YORK,NY10004     		NONE PUBLIC CHARITY GENERAL PURPOSE 50,000
    NATIONAL RAMAH COMMISSION
    3080 BROADWAY
    NEW YORK,NY10027     		NONE PUBLIC CHARITY GENERAL PURPOSE 116,667
    NEW ENGLAND COUNCIL
    98 NORTH WASHINGTON STREET
    BOSTON,MA02114     		NONE PUBLIC CHARITY GENERAL PURPOSE 2,285
    NEW ENGLAND JEWISH LABOR COMMITTEE
    18 TREMONT STREET 320
    BOSTON,MA02108     		NONE PUBLIC CHARITY GENERAL PURPOSE 850
    NEW ENGLAND YACHAD
    384 HARVARD ST
    BROOKLINE,MA02446     		NONE PUBLIC CHARITY GENERAL PURPOSE 60,000
    NORTHEASTERN UNIVERSITY
    360 HUNTINGTON AVENUE
    BOSTON,MA02115     		NONE PUBLIC CHARITY GENERAL PURPOSE 30,000
    PEF ISRAEL ENDOWMENT FUNDS INC
    317 MADISON AVENUE 607
    NEW YORK,NY10017     		NONE PUBLIC CHARITY GENERAL PURPOSE 240,000
    PRESENTENSE ISRAEL
    115 E 23RD STREET 3RD FLOOR
    NEW YORK,NY10010     		NONE PUBLIC CHARITY GENERAL PURPOSE 20,000
    RASHI SCHOOL
    8000 GREAT MEADOW RD
    DEDHAM,MA02026     		NONE PUBLIC CHARITY GENERAL PURPOSE 2,500
    RUDERMAN FAMILY FOUNDATION ISRAEL (AMUTAH)
    12 ELI HOROVITZ
    REHOVOT    
    IS     		NONE PUBLIC CHARITY GENERAL PURPOSE 800,000
    SHRINERS BURN HOSPITAL
    51 BLOSSOM ST
    BOSTON,MA02114     		NONE PUBLIC CHARITY GENERAL PURPOSE 500
    TEMPLE BETH ISRAEL
    70 ORCHARD AVE
    PROVIDENCE,RI02906     		NONE PUBLIC CHARITY GENERAL PURPOSE 1,800
    TEMPLE SHALOM
    175 TEMPLE ST
    WEST NEWTON,MA02465     		NONE PUBLIC CHARITY GENERAL PURPOSE 360
    TRIANGLE INC
    420 PEARL STREET
    MALDEN,MA02148     		NONE PUBLIC CHARITY GENERAL PURPOSE 25,000
    UNDERSTANDING OUR DIFFERENCES
    100 WALNUT ST
    NEWTON,MA02460     		NONE PUBLIC CHARITY GENERAL PURPOSE 2,500
    UNION FOR REFORMED JUDAISM
    633 THIRD AVENUE
    NEW YORK,NY10017     		NONE PUBLIC CHARITY GENERAL PURPOSE 200,500
    UNITED SYNAGOGUE OF CONSERVATIVE JUDAISM
    820 SECOND AVENUE 10TH FLOOR
    NEW YORK,NY10017     		NONE PUBLIC CHARITY GENERAL PURPOSE 125,000
    UNIVERSITY OF DELAWARE
    210 HULLIHEN HALL
    NEWARK,DE18717     		NONE PUBLIC CHARITY GENERAL PURPOSE 100,000
    UNIVERSITY OF MASSACHUSETTS
    1 BEACON STREET
    BOSTON,MA02108     		NONE PUBLIC CHARITY GENERAL PURPOSE 5,000
    Total .................................bullet 3a 6,379,912
    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
    aRUDERMAN INCLUSION SUMMIT         69,895
    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 8,013  
    4 Dividends and interest from securities....     14 8,826,159  
    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.....          
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 -704,518  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aSCHEDULE K-1 - PRIVATE EQUITY PORTFOLIO FUND, III, LLC     		211110   14 -1,051  
    bSCHEDULE K-1 - PRIVATE EQUITY PORTFOLIO TECHNOLOGY FUND, LLC 211110   14 -1,217  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 8,127,386 69,895
    13Total. Add line 12, columns (b), (d), and (e)..................
    138,197,281
    (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.)
    1A THE RUDERMAN INCLUSION SUMMIT WILL BRING TOGETHER ALL STAKEHOLDERS IN
    1A OUR COMMUNITY TO FOSTER STRATEGIC ADVOCACY AND AWARENESS, PEER TO PEER
    1A LEARNING, BEST PRACTICE, NETWORKING AND MORE. THE SUMMIT WILL FEATURE
    1A INTERNATIONALLY RECOGNIZED LEADERS IN THE FIELD, SPEAKING AND ENGAGING
    1A WITH ATTENDEES ON THE CRITICAL ISSUES OF EDUCATION, HOUSING,
    1A EMPLOYMENT, COMMUNITY AND RELIGIOUS LIFE.
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    RUDERMAN FAMILY FOUNDATION
    EIN:
    04-3334973
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEES 14,676 0   14,676

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    RUDERMAN FAMILY FOUNDATION
    EIN:
    04-3334973
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BONDS/OBLIGATIONS/HOLDINGS 28,672,439 28,191,683

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    RUDERMAN FAMILY FOUNDATION
    EIN:
    04-3334973
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCK 29,341,640 28,451,654
    REAL ESTATE FUNDS 2,247,263 2,142,483
    COMMODITIES 1,020,914 874,413
    MEDICAL INFORMATION TECHNOLOGY 96,970,402 112,221,045

    TY 2015 InvestmentsOtherSchedule2
    Name:
    RUDERMAN FAMILY FOUNDATION
    EIN:
    04-3334973
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    INTEREST IN PARTNERSHIPS AT COST 221,951 76,411
    CONVERTIBLE NOTE - THE AFFINITY PROJECT AT COST 100,000 100,000

    TY 2015 LegalFeesSchedule
    Name:
    RUDERMAN FAMILY FOUNDATION
    EIN:
    04-3334973
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NIXON PEABODY LLP 408 0   408
    BOB GOLDMAN LAW 3,573 0   3,573


    TY 2015 OtherExpensesSchedule
    Name:
    RUDERMAN FAMILY FOUNDATION
    EIN:
    04-3334973
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COMMUNICATIONS 86,053 0   86,053
    COMPUTER SERVICES 16,866 0   16,866
    DUES AND SUBSCIPTIONS 1,688 0   1,688
    EQUIPMENT EXPENSE 3,371 0   3,371
    GENERAL SUPPORT SERVICES 25,550 0   25,550
    INSURANCE 1,478 0   1,478
    MISCELLANEOUS EXPENSES 10,656 0   10,656
    OFFICE EXPENSE 35,197 0   35,197
    ORGANIZATIONAL DEVELOPMENT 29,937 0   29,937
    PAYROLL SERVICE EXPENSE 4,044 0   4,044
    PHILANTHROPY SERVICES 35,750 0   35,750
    POSTAGE AND DELIVERY 1,059 0   1,059
    PROGRAM DEVELOPMENT & STRATEGY 213,021 0   213,021
    PROGRAM EXPENSES AND MATERIALS 541,275 0   513,775
    TELEPHONE EXPENSE 20,190 0   20,190


    TY 2015 OtherIncomeSchedule2
    Name:
    RUDERMAN FAMILY FOUNDATION
    EIN:
    04-3334973
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    RUDERMAN INCLUSION SUMMIT 69,895   69,895
    SCHEDULE K-1 - PRIVATE EQUITY PORTFOLIO FUND, III, LLC -1,051 -1,051 -1,051
    SCHEDULE K-1 - PRIVATE EQUITY PORTFOLIO TECHNOLOGY FUND, LLC -1,217 -1,217 -1,217


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    RUDERMAN FAMILY FOUNDATION
    EIN:
    04-3334973
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NORTHERN TRUST # 6858- INVESTMENT FEES 202,130 202,130   0


    TY 2015 TaxesSchedule
    Name:
    RUDERMAN FAMILY FOUNDATION
    EIN:
    04-3334973
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID 38,735 38,735   0
    PAYROLL TAXES 41,537 0   37,383
    FEDERAL & STATE TAXES 335,533 0   1,000