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
MARVIN AZRAK AND SONS FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)10 WEST 33RD STREET SUITE 516
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10001
A Employer identification number

13-3771410
B Telephone number (see instructions)

(212) 947-9600
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$1,243,261J 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) 565,036
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 42 42  
4 Dividends and interest from securities... 48,560 48,560  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -1,318
b Gross sales price for all assets on line 6a 51,000
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 123 123  
12 Total. Add lines 1 through 11........ 612,443 48,725  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 15,000 15,000   0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 6,926 6,926   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 21,926 21,926   0
25 Contributions, gifts, grants paid....... 1,236,385 1,236,385
26 Total expenses and disbursements. Add lines 24 and 25 1,258,311 21,926   1,236,385
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -645,868
b Net investment income (if negative, enter -0-) 26,799
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............. 763,374 391,264 391,264
2 Savings and temporary cash investments......... 294,459 1,561 1,561
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)....... 250,000 Click to see attachment197,682 188,460
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 501,976 Click to see attachment501,976 501,976
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment88,542 Click to see attachment160,000 Click to see attachment160,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,898,351 1,252,483 1,243,261
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.................. 1,898,351 1,252,483
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 1,898,351 1,252,483
31 Total liabilities and net assets/fund balances (see instructions). 1,898,351 1,252,483
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
1,898,351
2
Enter amount from Part I, line 27a .....................
2
-645,868
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
1,252,483
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
1,252,483
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 4,517.848 shs JP MORGAN STRAT INC OPPORT C P 2010-01-04 2015-11-12
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 51,000   52,318 -1,318
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       -1,318
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -1,318
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 1,567,618 1,902,892 0.823808
2013 1,123,825 2,152,083 0.522203
2012 999,765 1,333,896 0.749507
2011 1,199,375 1,905,594 0.629397
2010 1,116,898 2,499,938 0.446770
2
Total of line 1, column (d) .....................
23.171685
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
0.634337
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
1,604,269
5
Multiply line 4 by line 3......................
5
1,017,647
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
268
7
Add lines 5 and 6........................
7
1,017,915
8
Enter qualifying distributions from Part XII, line 4.............
8
1,236,385
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 1 268
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........................... 3 268
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- ..... 5 268
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 771
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 771
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 10 503
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet503 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)
    bulletNY
    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
     
    No
    Website addressbulletN/A
    14
    The books are in care ofbulletMARVIN AZRAK Telephone no.bullet (212) 279-3600

    Located atbullet10 WEST 33RD STREETNEW YORKNY ZIP+4bullet10001
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    MARVIN AZRAK FOUND. MGR.
    2.00     		0 0 0
    10 WEST 33RD ST SUITE 516
    NY,NY10001
    ELLIOTT AZRAK TREASURE
    2.00     		0 0 0
    2035 EAST 3RD ST
    BROOKLYN,NY11223
    ADAM AZRAK TRUSTEE
    5.00     		0 0 0
    10 WEST 33RD ST SUITE 516
    NY,NY10001
    VICTOR AZRAK PRESIDENT
    2.00     		0 0 0
    725 AVENUE I
    BROOKLYN,NY11230
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    239,783
    b
    Average of monthly cash balances.......................
    1b
    886,941
    c
    Fair market value of all other assets (see instructions)................
    1c
    501,976
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,628,700
    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
    1,628,700
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    24,431
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,604,269
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    80,213
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    80,213
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    268
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    268
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    79,945
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    79,945
    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
    79,945
    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
    1,236,385
    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
    1,236,385
    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
    268
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,236,117
    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 79,945
    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...... 993,410
    b From 2011...... 1,106,262
    c From 2012...... 934,946
    d From 2013...... 1,017,352
    e From 2014...... 1,473,999
    fTotal of lines 3a through e........ 5,525,969
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 1,236,385
    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..... 79,945
    e Remaining amount distributed out of corpus 1,156,440
    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 6,682,409
    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) ...     		993,410
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		5,688,999
    10 Analysis of line 9:
    a Excess from 2011.... 1,106,262
    b Excess from 2012.... 934,946
    c Excess from 2013.... 1,017,352
    d Excess from 2014.... 1,473,999
    e Excess from 2015.... 1,156,440
    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).)
    MARVIN AZRAK
    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:
    MARVIN AZRAK
    10 WEST 33RD STREET
    NEW YORK,NY10001
    (212) 947-9600
    bThe form in which applications should be submitted and information and materials they should include:
    BY LETTER
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    ACHIEZER
    334 CENTRAL AVENUE
    LAWRENCE,NY11559     		  EXEMPT FOR ITS EXEMPT PURPOSES 5,000
    AFULA EDUCATIONAL CENTER
    49 DAKOTA STREET
    PASSAIC,NJ07055     		  EXEMPT FOR ITS EXEMPT PURPOSES 250
    AHAVAT ISRAEL TAX ID #11-3628160
    383 KINGSTON AVENUE
    BROOKLYN,NY11213     		  EXEMPT FOR IS EMEMPT PURPOSES 1,000
    ALE AYIN
    26 ARI STREET
    SEFAT    
    IS     		  EXEMPT FOR ITS EXEMPT PURPOSES 2,400
    ALLEGRA FRANCO SEPHARDIC TEACHERS COLLEGE
    1601 OCEAN PARKWAY
    BROOKLYN,NY11230     		  EXEMPT FOR ITS EXEMPT PURPOSES 5,400
    AMERICAN FREINDS OF KISSE RAHAMIM
    1800 EAST 5TH STREET
    BROOKLYN,NY11223     		  EXEMPT FOR IS EXPEMPT PURPOSES 7,200
    AMERICAN FREINDS OF SUCATHDAVID INC TAX ID #11-2422207
    5 FERNWOOD AVENUE
    EDISON,NJ08837     		  EXEMPT FOR ITS EXEMPT PURPOSES 1,800
    AMERICAN FRIENDS OF BINYAN-AV FOUNDATION TAX ID #11-3472950
    1481 E 8TH STREET
    BROOKLYN,NY11230     		  EXEMPT FOR ITS EXEMPT PURPOSES 12,000
    AMERICAN FRIENDS OF BIRKAT EPHRAIM TAX ID#30-0158267
    147 68th PLACE
    FLUSHING,NY11367     		  EXEMPT FOR ITS EXEMPT PURPOSES 10,800
    AMERICAN FRIENDS OF HECHAL EZRA
    3054 BEDFORD AVENUE
    BROOKLYN,NY11223     		  EXEMPT FOR ITS EXEMPT PURPOSES 3,600
    AMERICAN FRIENDS OF YESHIVAT HADRAT MELECH TAX ID #11-3343150
    711 AVENUE R
    BROOKLYN,NY11223     		  EXEMPT FOR ITS EXEMPT PURPOSES 6,000
    ATERET MOSHE
    4 MALACHI ST POB 1541
    BNEI BRAK    
    IS     		  EXEMPT FOR ITS EXEMPT PURPOSES 6,300
    BARKAI YESHIVA TAX ID #11-3487526
    321 AVENUE M
    BROOKLYN,NY11230     		  EXEMPT FOR ITS EXEMPT PURPOSES 5,200
    BEIT YAACOV INC TAX ID #65-0870316
    19275 MYSTIC POINTE DRIVE
    AVENYURA,FL33180     		  EXEMPT FOR ITS EXEMPT PURPOSES 17,000
    BET MEDRASH TORAT CHAIM TAX ID #26-3013121
    22 KEW GARDENS DRIVE
    LAKEWOOD,NJ08701     		  EXEMPT FOR ITS EXEMPT PURPOSES 400
    BET YAAKOV OF THE JERSEY SHORE TAX ID #27-0772137
    PO BOX 577
    WEST LONG BRANCH,NJ07764     		  EXEMPT FOR ITS EXEMPT PURPOSES 14,301
    BET YAAKOV OROT SARAH
    1123 AVENUE N
    BROOKLYN,NY11230     		  EXEMPT FOR ITS EXEMPT PURPOSES 24,000
    BIG LEAGUE IMPACT INC TAX ID #46-3318819
    2020 HOWELL MILL RD STE D-122
    ATLANTA,GA30318     		  EXEMPT FOR ITS EXEMPT PURPOSES 1,250
    BNEI ARAM SOBA TAX ID #11-3353940
    1616 OCEAN PARKWAY
    BROOKLYN,NY11223     		  EXEMPT FOR ITS EXEMPT PURPOSES 1,000
    BNEI YITZHAK TAX ID #11-2553513
    730 AVENUE S
    BROOKLYN,NY11223     		  EXEMPT FOR ITS EXEMPT PURPOSES 1,001
    BONIE OLAM TAX ID #11-3473757
    4205 17TH AVENUE
    BROOKLYN,NY11204     		  EXEMPT FOR ITS EXEMPT PURPOSES 2,000
    CARE FOUNDATION TAX ID #13-1685039
    PO BOX 7039
    MERRIFIELD,VA22116     		  EXEMPT FOR ITS EXEMPT PURPOSES 3,600
    CASA JABAD DEL ECUADOR
    JIMENEZ DE LA ESPADA N 32 98 Y
    GONZALEZ SUAREZ    
    EC     		  EXEMPT FOR ITS EXEMPT PURPOSES 52
    CHABAD OF NORTHWEST ARKANSAS TAX ID #61-1493426
    5402 WEST REDBUD
    RODERS,AR72758     		  EXEMPT FOR ITS EXEMPT PURPOSES 1,000
    CHABAD OF THE SHORE
    620 OCEAN AVENUE N
    LONG BRANCH,NJ07740     		  EXEMPT FOR ITS EXEMPT PURPOSES 7,000
    CHAI LIFELINE TAX ID #11-2940331
    151 W 30TH STREET
    NEW YORK,NY10001     		  EXEMPT FOR ITS EXEMPT PURPOSES 15,650
    CHASDEI YITZCHAK TAX ID #11-2687367
    5109 18TH AVENUE
    BROOKLYN,NY11204     		  EXEMPT FOR ITS EXEMPT PURPOSES 500
    CHASDEY MOSHE V'SHALOM
    201 RAYMOND PLACE
    STATEN ISLAND,NY10310     		  EXEMPT FOR ITS EXEMPT PURPOSES 101
    CHEVRA HATZOLOH TX ID #13-3213138
    1070 MCDONALD AVENUE
    BROOKLYN,NY11230     		  EXEMPT FOR ITS EXEMPT PURPOSES 1,000
    CLL RESEARCH FUND TAX ID #88-0517430
    PO BOX 301402
    HOUSTON,TX772301402     		  EXEMPT FOR ItS EXEMPT PURPOSES 5,000
    CONGREGATION BETH TORAH TAX ID #11-2203278
    1061 OCEAN PKWY
    BROOKLYN,NY11230     		  EXEMPT FOR ITS EXEMPT PURPOSES 113,110
    CONGREGATION EDMOND J SAFRA TAX ID #01-0783723
    11 EAST 63RD STREET
    NEW YORK,NY10065     		  EXEMPT FOR ITS EXEMPT PURPOSES 506
    CONGREGATION SFAT TAMIN
    1376 E 10TH STREET
    BROOKLYN,NY11230     		  EXEMPT FOR ITS EXEMPT PURPOSES 7,200
    CONGREGRATION SHAARE RAHAMIM TAX ID #11-3389733
    1244 E 7TH ST
    BROOKLYN,NY11230     		  EXEMPT FOR ITS EXEMPT PURPOSES 4,481
    DARCHIE DAVID FOUNDATION TAX ID #11-2756798
    1941 EAST 1 STREET
    BROOKLYN,NY11223     		  EXEMPT FOR ITS EXEMPT PURPOSES 52,000
    DEAL SEPHARDIC NETWORK COMMUNITY CENTER
    244 NORWOOD AVENUE
    OAKHURST,NJ07723     		  EXEMPT FOR ITS EXEMPT PURPOSES 7,001
    DSN COMMUNITY CENTER
    244 NORWOOD AVENUE
    OAKHURST,NJ07723     		  EXEMPT FOR ItS EXEPMT PURPOSES 5,000
    DSY LEARNING PRORAM
    543 W 42ND STREET
    NEW YORK,NY10036     		  EXEMPT FOR ITS EXEPMT PURPOSES 250
    ECHO TAX ID#13-3010517
    1879 EAST 2ND STREET
    BROOKLYN,NY11223     		  EXEMPT FOR ITS EXEMPT PURPOSES 1,800
    EDMOND J SAFRA SYNAGOGUE OF DEAL NJ
    75 HATHAWAY AVENUE
    DEAL,NJ07723     		  EXEMPT FOR ITS EXEMPT PURPOSES 16,600
    EDUCATIONAL INSTITUTE CHOLEI TORAH
    667 EASTERN PARKWAY
    BROOKLYN,NY11213     		  EXEMPT FOR ITS EXEMPT PURPOSES 500
    EPIRION SHLOMO YESHIVA
    18 GAGILBOA STREET
    JERUSALEM    
    IS     		  EXEMPT FOR ITS EXEMPT PURPOSES 500
    EXCEED NETWORK
    7379 KINGS HWY
    BROOKLYN,NY11223     		  EXEMPT FOR ITS EXEMPT PURPOSES 3,000
    FRIENDS OF AHAVATH SHALOM TAX ID #22-3341784
    8 MAPLE TERRACE
    MONSEY,NY10952     		  EXEMPT FOR ITS EXEMPT PURPOSES 20,000
    FRIENDS OF NAHAR SHALOM
    587 5TH AVENUE
    NEW YORK,NY10017     		  EXEMPT FOR ITS EXEMPT PURPOSES 6,800
    FRIENDS OFKEREN TZLACH OF JERUSALEM TAX ID #11-3022674
    1382 E 19TH STREET
    BROOKLYN,NY11230     		  EXEMPT FOR ITS EXEMPT PURPOSES 500
    GIRLS TOWN BEIT CHANA
    1489 PRESIDENT STREET
    BROOKLYN,NY11213     		  EXEMPT FOR ITS EXEMPT PURPOSES 402
    GIRLS TOWN OR CHADASH TAX ID #11-6156180
    1431 CONEY ISLAND AVENUE
    BROOKLYN,NY11230     		  EXEMPT FOR ITS EXEMPT PURPOSES 1,000
    HARMONY IN JEWISH HOME INC TAX ID #20-2927943
    1794 EAST 5TH STREET
    BROOKLYN,NY11223     		  EXEMPT FOR ITS EXEMPT PURPOSES 1,800
    HATZALAH OF NEW JERSEY TAX ID #75-3032308
    PO BOX 2333
    ELBERON,NJ077402333     		  EXEMPT FOR ITS EXEMPT PURPOSES 5,200
    HATZOLOH OF FLATBUSH
    1880 OCEAN AVENUE
    BROOKLYN,NY11230     		  EXEMPT FOR ITS EXEMPT PURPOSES 10,000
    HAZALAH OF THE JERSEY SHORE TAX ID #75-3032308
    PO BOX 2333
    ELBERON,NJ077402333     		  EXEMPT FOR ITS EXEMPT PURPOSES 6,200
    HEVRAT SHALOM INC TAX ID #52-2193321
    PO BOX 3606
    GAITHERBYRG,MD20885     		  EXEMPT FOR ITS EXEMPT PURPOSES 30,000
    HILLEL YESHIVA TAX ID #21-0682028
    PO BOX 2288
    OCEAN,NJ07712     		  EXEMPT FOR ITS EXEMPT PURPOSES 1,800
    HOCHMAT SHLOMO FOUNDATION INC TAX ID #27-1972764
    901 OCEAN AVENUE
    LONG BRANCH,NJ07740     		  EXEMPT FOR ITS EXEMPT PURPOSES 101
    ILAN HIGH SCHOOL TAX ID #22-3368982
    250 PARK AVE
    ELBERON,NJ07740     		  EXEMPT FOR ITS EXEMPT PURPOSES 8,551
    JESSE DWECK LEARNING CENTER
    708 HIGHWAY ROUTE 35
    NEPTUNE,NJ07753     		  EXEMPT FOR ITS EXEMPT PURPOSES 1,500
    JEWISH COMMUNITY CENTER
    334 AMSTERDAM AVENUE
    NEW YORK,NY10023     		  EXEMPT FOR ITS EXEMPT PURPOSES 500
    JUST ONE LIFE
    587 5TH AVE 702
    NEW YORK,NY10017     		  EXEMPT FOR ITS EXEMPT PURPOSES 180
    KEREN HAYESHIVOT TRUST-DARCHEI DAVID TAX ID #13-3702251
    1654 EAST 5TH STREET
    BROOKLYN,NY11230     		  EXEMPT FOR ITS EXEMPT PURPOSES 501
    KESEN HAYESHVAK TRUST KOL YAAKOV CAMPAIGN TAX ID #13-3702251
    1654 EAST 5TH STREET
    BROOKLYN,NY11230     		  EXEMPT FOR ITS EXEMPT PURPOSES 101
    KETER SION TORAH CENTER TAX ID #11-3265882
    1914 E 8TH STREET
    BROOKLYN,NY11223     		  EXEMPT FOR ITS EXEMPT PURPOSES 5,000
    KETER TORAH CONGREGATION TAX ID# 11-3123684
    2220 AVENUE L
    BROOKLYN,NY11210     		  EXEMPT FOR ITS EXEMPT PURPOSES 11,175
    KIDS FASHION DELIVERS HON DOW FAMULAK TAX ID #20-35016135
    226 W 37TH STREET
    NEW YORK,NY10018     		  EXEMPT FOR ITS EXEMPT PURPOSES 6,700
    KOL ISRAEL CONGREGATION TAX ID #23-7329241
    3211 BEDFORD AVENUE
    BROOKLYN,NY11210     		  EXEMPT FOR ITS EXEMPT PURPOSES 12,600
    KOLEL MISHKAN YOSEF
    1669 EAST 12TH STREET
    BROOKLYN,NY11229     		  EXEMPT FOR ITS EXEMPT PURPOSES 101
    KOLEL OR LEZION
    1566 EAST 10TH STREET
    BROOKLYN,NY11230     		  EXEMPT FOR ITS EXEMPT PURPOSES 101
    LEV CHANA
    291 MEADOWVIEW AVENUE
    HEWLETT,NY11557     		  EXEMPT FOR ITS EXEMPT PURPOSES 5,701
    L'TZION BERINA
    1436 42ND STREET
    BROOKLYN,NY11223     		  EXEMPT FOR ITS EXEMPT PURPOSES 111
    LUNG CANCER RESEARCH FOUNDATION
    155 E 55TH STREET 6H
    NEW YORK,NY10022     		  EXEMPT FOR ITS EXEMPT PURPOSES 3,000
    MAGEN AVRAHAM FUND TAX ID #27-1278687
    723 AVENUE Z
    BROOKLYN,NY11223     		  EXEMPT FOR ITS EXEMPT PURPOSES 201
    MAGEN DAVID YESHIVA TAX ID #11-1666839
    2130 MCDONALD AVENUE
    BROOKLYN,NY11223     		  EXEMPT FOR ITS EXEMPT PURPOSES 118,002
    MAKING STRIDES AGAINST BREAST CANCER
    55 LEXINGTON AVENUE
    NEW YORK,NY10010     		  EXEMPT FOR ITS EXEMPT PURPOSES 500
    MAOR YESHIVA HIGH SCHOOL FOR BOYS TAX ID #20-5581212
    PO BOX 254
    WEST LONG BRANCH,NJ07764     		  EXEMPT FOR ITS EXEMPT PURPOSES 1,800
    MATTAN BASSETER TAX ID #13-4068484
    580 5TH AVENUE STE 415
    NEW YORK,NY10036     		  EXEMPT FOR ITS EXEMPT PURPOSES 4,000
    MAX'S KANSAS CITY PROJECT TAX ID #13-4179954
    PO BOX 53
    WOODSTOCK,NY12498     		  EXEMPT FOR ITS EXEMPT PURPOSES 10,000
    MIKDASH DAVID TAX ID #86-0998101
    7045 N 21ST STREET
    PHOENIX,AZ85020     		  EXEMPT FOR ITS EXEMPT PURPOSES 501
    MIKDASH ELIYAHU TAX ID #45-3060847
    2 ETHEL RD STE 205A
    EDISON,NJ08817     		  EXEMPT FOR ITS EXEMPT PURPOSES 5,568
    MIKDASH MELECH JERUSALEM
    1326 OCEAN PARKWAY
    BROOKLYN,NY11230     		  EXEMPT FOR ITS EXEMPT PURPOSES 250
    MIKDASH SHAUL TAX ID #11-3432329
    34 WEST 33RD STREET
    NEW YORK,NY10001     		  EXEMPT FOR ITS EXEMPT PURPOSES 15,725
    MISASKIM ORGANIZATION
    5805 16TH AVE
    BROOKLYN,NY11204     		  EXEMPT FOR ITS EXEMPT PURPOSES 180
    MOSDOT RABBENU YOEL SEPHARDIM
    1569 4TH STREET
    BROOKLYN,NY11219     		  EXEMPT FOR ITS EXEMPT PURPOSES 52
    MOUNT SINAI CHILDREN'S CENTER FOUNDATION TAX ID #22-3059294
    PO BOX 1198
    NEW YORK,NY10029     		  EXEMPT FOR ITS EXEMPT PURPOSES 30,000
    MULTIPLE MYELOMA RESEARCH FOUNDATION
    383 MAIN AVENUE 5
    NORWALK,CT06851     		  EXEMPT FOR ITS EXEMPT PURPOSES 1,000
    NACHLAT YISRAEL
    C/O 10 WEST 33RD ST STE 516
    NEW YORK,NY10001     		  EXEMPT FOR ITS EXEMPT PURPOSES 2,000
    NEFESH ACADEMY
    2005 E 17TH STREET
    BROOKLYN,NY11229     		  EXEMPT FOR ITS EXEMPT PURPOSES 2,001
    NETZACH YISRAEL TAX ID #13-3758199
    49 FORSHAY RAOD
    MONSEY,NY10952     		  EXEMPT FOR ITS EXEMPT PURPOSES 2,000
    OHEL MOSHE SOCIETY TAX ID #11-3064478
    1848 EAST 7TH STREET
    BROOKLYN,NY11223     		  EXEMPT FOR ITS EXEMPT PURPOSES 116,500
    OHEL SIMCHA SUPERFUND #22-2343984
    295 PARK AVE
    ELBERON,NJ07740     		  EXEMPT FOR ITS EXEMPT PURPOSES 12,000
    OHEL YAACOB CONGREGATION TAX ID #22-2433792
    4 OCEAN AVENUE
    DEAL,NJ07723     		  EXEMPT FOR ITS EXEMPT PURPOSES 35,803
    OHELSIMHA CONGREGATION
    295 PARK AVENUE
    LONG BRANCH,NJ07740     		  EXEMPT FOR ITS EXEMPT PURPOSES 3,900
    PORAT YOSEPH FOUNDATION TAX ID #
    1879 E 2ND STREET
    BROOKLYN,NY11223     		  EXEMPT FOR ITS EXEMPT PURPOSES 1,000
    REACH FOR THE STARS LEARNING CENTER TAX ID #20-3042280
    330 KINGS HIGHWAY
    BROOKLYN,NY11234     		  EXEMPT FOR ITS EXEMPT PURPOSES 7,200
    REFUAH V'CHESED TAX ID #20-0192401
    5655 AVENUE DU PARC STE 206
    MONTREAL    
    CA     		  EXEMPT FOR ITS EXEMPT PURPOSES 6,000
    SARAH DEBAH ELEMENTARY SCHOOL TAX ID #26-3701898
    2221 AVE R
    BROOKLYN,NY11229     		  EXEMPT FOR ITS EXEMPT PURPOSES 1,001
    SEPHARDIC BIKUR HOLIM TAX ID #23-7406410
    425 KINGS HIGHWAY
    BROOKLYN,NY11223     		  EXEMPT FOR ITS EXEMPT PURPOSES 88,802
    SEPHARDIC COMMUNITY CENTER TAX ID #11-2567809
    1901 OCEAN PARKWAY
    BROOKLYN,NY11223     		  EXEMPT FOR ITS EXEMPT PURPOSES 8,018
    SEPHARDIC FOOD FUND TAX ID #56-2307777
    8 WEST 40TH STREET 4 FL
    NEW YORK,NY10018     		  EXEMPT FOR ITS EXEMPT PURPOSES 39,600
    SEPHARDIC INSTITUTE
    511 AVENUE R
    BROOKLYN,NY11223     		  EXEMPT FOR ITS EXEMPT PURPOSES 12,000
    SEPHARDIC KEHILA OF LAKEWOOD
    4 BELVEDERE LANE
    LAKEWOOD,NJ08701     		  EXEMPT FOR ITS EXEMPT PURPOSES 250
    SEPHARDIC SYNAGOGUE OF 5TH AVENUE TAX ID #13-3419769
    PO BOX 92 LENOX HILL STATION
    NEW YORK,NY10021     		  EXEMPT FOR ITS EXEMPT PURPOSES 1,002
    SFF(SEPHARDIC FOOD FUND)
    8 WEST 40TH STREET 4TH FL
    NEW YORK,NY10018     		  EXEMPT FOR ITS EXEMPT PURPOSES 1,800
    SHAARE EMUNAH
    539 OAKLAND AVENUE
    CEDARHURST,NY11516     		  EXEMPT FOR ITS EXEMPT PURPOSES 101
    SHAARE RAHAMIM
    1244 E 7TH STREET
    BROOKLYN,NY11230     		  EXEMPT FOR ITS EXEMPT PURPOSES 2,000
    SHAARE SHALOM CONGREGATION
    2021 AVENUE S
    BROOKLYN,NY11229     		  EXEMPT FOR ITS EXEMPT PURPOSES 10,000
    SHAARE TORAH
    PO BOX 6348
    JERUSALEM    
    IS     		  EXEMPT FOR ITS EXEMPT PURPOSES 1,752
    SHUVI NAFSHI FOUNDATION TAX ID# 13-3998507
    298 FIFTH AVENUE
    NEW YORK,NY10001     		  EXEMPT FOR ITS EXEMPT PURPOSES 7,200
    SID JACOBSON JEWISH CENTER
    300 FOREST DRIVE
    GREENVALE,NY11548     		  EXEMPT FOR ITS EXEMPT PURPOSES 25,000
    SYNAGOGUE OF DEAL
    128 NORWOOD AVENUE
    DEAL,NJ07723     		  EXEMPT FOR ITS EXEMPT PURPOSES 801
    TALMUD TORA
    1305 CONEY ISLAND AVENUE
    BROOKLYN,NY11230     		  EXEMPT FOR ITS EXEMPT PURPOSES 101
    THE RABBI JACOB KASSIN HESSED FUND
    1801 OCEAN PARKWAY
    BROOKLYN,NY11223     		  EXEMPT FOR ITS EXEMPT PURPOSES 5,000
    THE SEPHADIC HERITAGE MUSEUM
    619 W COUNTRY LINE ROAD
    LAKEWOOD,NJ08701     		  EXEMPT FOR ITS EXEMPT PURPOSES 2,600
    THE SPECIAL CHILDREN'S CENTER TAX ID #22-3800123
    1400 PROSPECT STREET
    LAKEWOOD,NJ08701     		  EXEMPT FOR ITS EXEMPT PURPOSES 42,000
    THE TORAH CENTER
    393 5TH AVENUE
    NEW YORK,NY10016     		  EXEMPT FOR ITS EXEMPT PURPOSES 500
    TIFERES ACHIM
    1442 45TH STREET
    BROOKLYN,NY11219     		  EXEMPT FOR ITS EXEMPT PURPOSES 202
    TORAH CHESED TRUST TAX ID #11-6454667
    3805 15TH AVE
    BROOKLYN,NY11218     		  EXEMPT FOR ITS EXEMPT PURPOSES 11,625
    TORAT HANACHAL
    303 PARK AVENUE
    ELBERON,NJ07740     		  EXEMPT FOR ITS EXEMPT PURPOSES 501
    TZOHAR
    630 THIRD AVENIE STE 1501
    NEW YORK,NY10017     		  EXEMPT FOR ITS EXEMPT PURPOSES 1,400
    UNKNOWN RECIPIENTS
    C/O 10 WEST 33RD ST STE 516
    NEW YORK,NY10001     		  EXEMPT FOR ITS EXEMPT PURPOSES 10,575
    UPPER EAST SIDE HATZOLAH
    125 E 85TH STREET
    NEW YORK,NY10028     		  EXEMPT FOR ITS EXEMPT PURPOSES 36
    YAD YOSEF KOLLEL TAX ID #13-7010462
    1032 OCEAN PARKWAY
    BROOKLYN,NY11230     		  EXEMPT FOR ITS EXEEMPT PURPOSES 16,800
    YAD YOSEF TORAH CENTER OF AVENUE J TAX ID #13-7010462
    1032 OCEAN PARKWAY
    BROOKLYN,NY11230     		  EXEMPT FOR ITS EXEMPT PURPOSES 18,501
    YDE SCHOOL
    49 AVENUE T
    BROOKLYN,NY11223     		  EXEMPT FOR ITS EXEMPT PURPOSES 7,500
    YESHIVA BIRKAT DAVID
    PO BOX ORLEAN 23 RECHOV 3434
    BNEIBRAK    
    IS     		  EXEMPT FOR ITS EXEMPT PURPOSES 750
    YESHIVA OF FLATBUSH TAX ID #11-1630915
    919 EAST 10TH STREET
    BROOKLYN,NY11230     		  EXEMPT FOR ITS EXEMPT PURPOSES 3,500
    YESHIVA OHR TORAH
    360 NY-306
    MONSEY,NY10952     		  EXEMPT FOR ITS EXEMPT PURPOSES 101
    YESHIVAT AMUDE ORE
    C/O 10 WEST 33RD ST STE 516
    NEW YORK,NY10001     		  EXEMPT FOR ITS EXEMPT PURPOSES 101
    YESHIVAT BIRKAT YISRAEL TAX ID #27-3980541
    1532 E 7TH ST
    BROOKLYN,NY11223     		  EXEMPT FOR ITS EXEMPT PURPOSES 10,000
    YESHIVAT KETER TORAH TAX ID #22-3645689
    1 MERIDIAN ROAD
    EATONTOWN,NJ07724     		  EXEMPT FOR ITS EXEMPT PURPOSES 1,000
    YESHIVAT LEV AVARON
    1464 E 5TH STREET
    BROOKLYN,NY11230     		  EXEMPT FOR ITS EXEMPT PURPOSES 501
    YESHIVAT LEV TORAH
    3300 KINGS HIGHWAY
    BROOKLYN,NY11234     		  EXEMPT FOR ITS EXEMPT PURPOSES 3,600
    YESHIVAT MAGEN ABRAHAM
    723 AVE Z
    BROOKLYN,NY11223     		  EXEMPT FOR ITS EXEMPT PURPOSES 1,000
    YESHIVAT OR HACHAIM OF LAKEWOOD TAX ID #45-2220845
    198 OCEAN AVE
    LAKEWOOD,NJ08701     		  EXEMPT FOR ITS EXEMPT PURPOSES 2,000
    YESHIVAT OR HATORAH TAX ID #11-3396577
    2119 HOMECREST AVENUE
    BROOKLYN,NY11229     		  EXEMPT FOR ITS EXEMPT PURPOSES 501
    YESHIVAT SHOSHANIM LEDAVID TAX ID #45-5108287
    PO BOX 6653
    JERUSALEM    
    IS     		  EXEMPT FOR ITS EXEMPT PURPOSES 101
    YESHIVAT TORAT HACHEN
    18 YOSEF BEN MATTIYAHU ST
    JERUSALEM    
    IS     		  EXEMPT FOR ITS EXEMPT PURPOSES 6,000
    ZICHRON AMIEL
    10 CHAZON ISH ST
    BNEI BRAK    
    IS     		  EXEMPT FOR ITS EXEMPT PURPOSES 101
    ZION ORPHANAGE INC
    6927 181ST STREET
    FRESH MEADOWS,NY11365     		  EXEMPT FOR ITS EXEMPT PURPOSES 900
    Total .................................bullet 3a 1,236,385
    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 42  
    4 Dividends and interest from securities....     14 48,560  
    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.....     14 123  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    14 -1,318  
    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 47,407 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    1347,407
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


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

    13-3771410
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2
    Name of organization
    MARVIN AZRAK AND SONS FOUNDATION INC
          		Employer identification number
    13-3771410
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    ELLIOT AZRAK  
    2117 EAST 3 STREET
     
    BROOKLYN, NY11223

    		$ 200,000


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

    VICTOR AZRAK  
    725 AVENUE I
     
    BROOKLYN, NY11230

    		$ 200,000


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

    adam AZRAK  
    1055 EAST 7TH STREET
     
    BROOKLYN, NY11230

    		$ 25,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    MARVIN AZRAK 2014 LIVING TRUST
     

       
    10 WEST 33RD STREET
     
    NEW YORK, NY10001

    		$ 115,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    CLEAR INNOVATION LLC
     

       
    10 WEST 33RD STREET
     
    NEW YORK, NY10001

    		$ 25,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
     
     

    DIANE A AZRAK  
    1055 EAST 7TH STREET
     
    BROOKLYN, NY11230

    		$ 36


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 3
    Name of organization
    MARVIN AZRAK AND SONS FOUNDATION INC
          		Employer identification number

    13-3771410
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 4
    Name of organization
    MARVIN AZRAK AND SONS FOUNDATION INC
          		Employer identification number

    13-3771410
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2015 AccountingFeesSchedule
    Name:
    MARVIN AZRAK AND SONS FOUNDATION INC
    EIN:
    13-3771410
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    accounting fees 15,000 15,000   0

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    MARVIN AZRAK AND SONS FOUNDATION INC
    EIN:
    13-3771410
    Name of Stock End of Year Book Value End of Year Fair Market Value
    MORGAN STANLEY 197,682 188,460

    TY 2015 InvestmentsOtherSchedule2
    Name:
    MARVIN AZRAK AND SONS FOUNDATION INC
    EIN:
    13-3771410
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    666 FIFTH MEZZ LLC AT COST 500,000 500,000
    STILLWATER LIQUIDATING LLC AT COST 1,976 1,976

    TY 2015 OtherAssetsSchedule
    Name:
    MARVIN AZRAK AND SONS FOUNDATION INC
    EIN:
    13-3771410
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    LOAN RECEIVABLE - MAGEN DAVID YESHIVAH 85,000 160,000 160,000
    OTHER RECEIVABLES 3,542 0 0


    TY 2015 OtherExpensesSchedule
    Name:
    MARVIN AZRAK AND SONS FOUNDATION INC
    EIN:
    13-3771410
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FILING FEE - NYS DEPARTMENT OF LAW 750 750   0
    BANK CHARGES 553 553   0
    advertising expenses 145 145   0
    ADMINISTRATIVE EXPENSES 5,478 5,478   0


    TY 2015 OtherIncomeSchedule2
    Name:
    MARVIN AZRAK AND SONS FOUNDATION INC
    EIN:
    13-3771410
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    STILLWATER LIQUIDATING LLC 0 0 0
    us treasury refund 123 123 123