TY 2015 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Information 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 07-01-2015 , and ending 06-30-2016

Name of foundation
THE DEPOT FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)130 W SUPERIOR ST SUITE 302
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
DULUTH, MN55802

A Employer identification number

41-1356072

B Telephone number (see instructions)

(218) 279-9913

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$5,976,589J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	95,335
2	Check Sch. B .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	113,238		113,238
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		51,797
b	Gross sales price for all assets on line 6a 1,376,430
7	Capital gain net income (from Part IV, line 2)...			51,797
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).......		6,340
12	Total. Add lines 1 through 11........	266,710		165,035
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......	25,041			8,514
15	Pension plans, employee benefits.......	2,614			668
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		10,235
c	Other professional fees (attach schedule)....		26,228	26,228
17	Interest...............
18	Taxes (attach schedule) (see instructions)...
19	Depreciation (attach schedule) and depletion...		334
20	Occupancy..............	3,720
21	Travel, conferences, and meetings.......	169
22	Printing and publications..........
23	Other expenses (attach schedule).......		18,847		2,533
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	87,188		26,228	11,715
25	Contributions, gifts, grants paid.......	364,949			406,078
26	Total expenses and disbursements. Add lines 24 and 25	452,137		26,228	417,793
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-185,427
b	Net investment income (if negative, enter -0-)			138,807
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	734	2,371	2,371
	2	Savings and temporary cash investments.........	74,834	7,442	7,442
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable 27,362
		Less: allowance for doubtful accounts	41,505	27,362	27,362
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............	2,293	2,293	2,293
	9	Prepaid expenses and deferred charges..........	1,403	2,800	2,800
	10a	Investments—U.S. and state government obligations (attach schedule)	73,826	75,766	75,766
	b	Investments—corporate stock (attach schedule).......	782,318	878,044	878,044
	c	Investments—corporate bonds (attach schedule).......	201,113	200,473	200,473
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	5,380,334	4,767,905	4,767,905
	14	Land, buildings, and equipment: basis 56,286
		Less: accumulated depreciation (attach schedule) 46,138	10,482	10,148	10,148
	15	Other assets (describe )	3,964	1,985	1,985
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	6,572,806	5,976,589	5,976,589
	17	Accounts payable and accrued expenses..........	260	1,219
	18	Grants payable..................	41,129
	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 )	312,009	301,458
	23	Total liabilities (add lines 17 through 22).........	353,398	302,677
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................	6,066,971	5,527,678
	25	Temporarily restricted...............	4,796	3,433
	26	Permanently restricted...............	147,641	142,801
		Foundations that do not follow SFAS 117, check here
		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).....	6,219,408	5,673,912
	31	Total liabilities and net assets/fund balances (see instructions).	6,572,806	5,976,589

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

6,219,408

Enter amount from Part I, line 27a .....................

-185,427

Other increases not included in line 2 (itemize) bullet

27,190

Add lines 1, 2, and 3 ..........................

6,061,171

Decreases not included in line 2 (itemize) bullet

387,259

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .

5,673,912

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	ALEXION PHARMACEUTICALS INC	P	2015-08-11	2015-09-08
b	DODGE & COX INTL STOCK FD	P	2005-07-05	2015-09-21
c	KEURIG GREEN MOUNTAIN INC	P		2015-08-21
d	TWENTY FIRST CENTURY FOX	P		2015-09-08
e	ALPHABET INC	P	2015-11-18	2016-06-06
	DRIEHAUS ACTIVE INCOME FD	P	2012-11-05	2016-02-25
	MERGER FUND	P	2012-11-05	2015-09-21
	UNION PACIFIC CORP	P		2015-12-24
	AMAZON.COM	P	2016-02-04	2016-06-06
	ECOLAB INC	P	2011-08-23	2016-06-06
	MONSANTO CO	P		2016-03-31
	ALLOCATED TO MANAGED FDS	P
	APPLE INC	D		2016-01-04
	FACEBOOK INC	P	2015-08-11	2015-12-24
	MONSTER BEVERAGE INC	P	2013-12-05	2015-08-06
	APPLE INC	P		2016-02-09
	FASTENAL CO	P		2015-09-08
	MONSTER BEVERAGE INC	P		2015-11-23
	ASG GLOBAL ALTERNATIVES-Y	P	2013-07-01	2015-08-07
	FMC TECHNOLOGIES INC	P		2015-07-06
	OPPENHEIMER DEVELOPING MKT	P	2006-01-23	2015-09-21
	ASG GLOBAL ALTERNATIVES-Y	P	2013-07-01	2016-02-25
	FORTUNE BRANDS HOME & SECURITY	P	2015-08-11	2015-11-23
	OPPENHEIMER DEVELOPING MKT	P	2006-01-23	2016-05-16
	BB&T CORP	D		2015-11-02
	GILEAD SCIENCES INC	P		2015-11-23
	POLARIS INDS INC	P		2015-11-23
	CARDINAL HEALTH INC	P		2016-02-09
	GOOGLE INC	P		2015-09-18
	PRECISION CASTPARTS CORP	P		2015-09-08
	CARDINAL HEALTH INC	P		2016-06-06
	HARBOR CAPITAL APPRCTION	P		2015-08-12
	QUALCOMM INC	P		2015-08-06
	CELGENE CORP	P		2015-12-24
	HSBC FRONTIER MARKETS	P	2015-06-01	2016-05-04
	RIDGEWORTH SEIX HY BD-I	P	2008-04-04	2015-09-21
	CHIPOTLE MEXICAN GRILL	P	2015-08-11	2015-09-08
	ISHS MSCI EMERGING MARKETS	P		2015-12-24
	ROYCE PENNSYLVANIA MUT FD	P		2015-11-19
	CHIPOTLE MEXICAN GRILL	P		2016-01-14
	ISHS RUSSELL 1000 VALUE ETF	P	2006-10-24	2016-05-18
	SALESFORCE.COM	P	2015-08-11	2015-11-23
	COCA COLA CO	P	2011-07-26	2015-07-06
	ISHS RUSSELL MIDCAP GROWTH	P	2016-02-17	2015-09-23
	SCHLUMBERGER LTD	P		2015-08-06
	CONSTELLATION BRANDS INC	P	2014-12-24	2016-06-06
	JP MORGAN MIDCAP VALUE	P	2011-02-10	2016-06-30
	STERICYCLE INC	P		2016-06-06

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,732	1,866	-134
b	25,000	20,159	4,841
c	4,571	10,790	-6,219
d	13,037	16,776	-3,739
e	3,679	3,697	-18
	15,000	16,480	-1,480
	50,000	51,037	-1,037
	14,944	9,798	5,146
	2,163	1,590	573
	2,842	1,170	1,672
	12,701	11,138	1,563
	112		112
	8,589	8,642	-53
	4,357	3,933	424
	4,354	1,747	2,607
	18,631	18,562	69
	12,476	12,600	-124
	2,983	1,157	1,826
	25,000	24,694	306
	7,504	10,979	-3,475
	25,000	31,492	-6,492
	25,000	28,539	-3,539
	1,835	1,687	148
	25,000	31,492	-6,492
	3,202	3,207	-5
	16,195	10,733	5,462
	10,093	7,411	2,682
	5,276	6,120	-844
	19,346	8,827	10,519
	12,149	5,020	7,129
	12,442	11,697	745
	136,500	88,443	48,057
	8,550	7,740	810
	3,849	3,639	210
	34,587	40,000	-5,413
	25,000	29,069	-4,069
	2,158	2,244	-86
	307,791	401,097	-93,306
	294,455	282,153	12,302
	7,364	7,539	-175
	25,089	19,765	5,324
	2,088	1,930	158
	8,431	7,451	980
	23,210	12,389	10,821
	16,056	15,346	710
	2,452	1,596	856
	25,000	17,142	7,858
	16,134	14,050	2,084

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			-134
b			4,841
c			-6,219
d			-3,739
e			-18
			-1,480
			-1,037
			5,146
			573
			1,672
			1,563
			112
			-53
			424
			2,607
			69
			-124
			1,826
			306
			-3,475
			-6,492
			-3,539
			148
			-6,492
			-5
			5,462
			2,682
			-844
			10,519
			7,129
			745
			48,057
			810
			210
			-5,413
			-4,069
			-86
			-93,306
			12,302
			-175
			5,324
			158
			980
			10,821
			710
			856
			7,858
			2,084

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	51,797
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 ...................		3	6,585

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? Yes No

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	286,505	6,526,298	0.043900
2013	244,155	6,254,720	0.039035
2012	205,115	5,402,240	0.037969
2011	163,241	4,581,835	0.035628
2010	148,869	4,881,805	0.030495

Total of line 1, column (d) .....................

20.187027

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 . . .

0.037405

Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....

5,636,770

Multiply line 4 by line 3......................

210,843

Enter 1% of net investment income (1% of Part I, line 27b)...........

1,388

Add lines 5 and 6........................

212,231

Enter qualifying distributions from Part XII, line 4.............

417,793

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)

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	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	1,388
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	1,388
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	1,388
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	2,800
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	2,800
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	1,412
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax1,412	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions

for definition)?.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Yes

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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.............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2015)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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) .............

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).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

WWW.DEPOTFOUNDATION.ORG

The books are in care of bullet

MARLA THIBODEAU Telephone no. bullet

(218) 279-9913

Located at bullet

130 W SUPERIOR STSTE 302DULUTHMN ZIP+4 bullet

55802

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here....... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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)? ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2015)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (Continued)

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? (see instructions)................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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
JEAN OLSON	CHAIR 1.00	0	0	0
130 W SUPERIOR ST STE 302 DULUTH,MN55802	CHAIR 1.00	0	0	0
ROB HOFMANN	VICE CHAIR 1.00	0	0	0
130 W SUPERIOR ST STE 302 DULUTH,MN55802	VICE CHAIR 1.00	0	0	0
LAURA BUDD	SECRETARY 1.00	0	0	0
130 W SUPERIOR ST STE 302 DULUTH,MN55802	SECRETARY 1.00	0	0	0
PAT CUTSHALL	TREASURER 1.00	0	0	0
130 W SUPERIOR ST STE 302 DULUTH,MN55802	TREASURER 1.00	0	0	0
PENNY CLARK	DIRECTOR 1.00	0	0	0
130 W SUPERIOR ST STE 302 DULUTH,MN55802	DIRECTOR 1.00	0	0	0
BILL GRAVELLE	DIRECTOR 1.00	0	0	0
130 W SUPERIOR ST STE 302 DULUTH,MN55802	DIRECTOR 1.00	0	0	0
AMY HIETAPELTO	DIRECTOR 1.00	0	0	0
130 W SUPERIOR ST STE 302 DULUTH,MN55802	DIRECTOR 1.00	0	0	0
DEXTER LARSEN	DIRECTOR 1.00	0	0	0
130 W SUPERIOR ST STE 302 DULUTH,MN55802	DIRECTOR 1.00	0	0	0
MELINDA MACHONES	DIRECTOR 1.00	0	0	0
130 W SUPERIOR ST STE 302 DULUTH,MN55802	DIRECTOR 1.00	0	0	0
RENEE MATTSON	DIRECTOR 1.00	0	0	0
130 W SUPERIOR ST STE 302 DULUTH,MN55802	DIRECTOR 1.00	0	0	0
JEAN R PERRAULT	DIRECTOR 1.00	0	0	0
130 W SUPERIOR ST STE 302 DULUTH,MN55802	DIRECTOR 1.00	0	0	0
NEAL RONQUIST	DIRECTOR 1.00	0	0	0
130 W SUPERIOR ST STE 302 DULUTH,MN55802	DIRECTOR 1.00	0	0	0
TOM WHITTAKER	DIRECTOR 1.00	0	0	0
130 W SUPERIOR ST STE 302 DULUTH,MN55802	DIRECTOR 1.00	0	0	0

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...................

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1	GRANTS TO SUPPORT THE IDENTITY OF THE DEPOT AS A VITAL AND THRIVING CULTURAL, ARTS, AND HERITAGE CENTER	305,830
2	DEPOT FOUNDATION ARTS & CULTURE AWARDS RECOGNIZE MEMBERS OF THE COMMUNITY IN THE AREAS OF ARTS, CULTURE AND HISTORIAL PRESERVATION	770
3	DEPOT FOUNDATION'S FACILITIES COMMITTEE INITIATE AND FUND SERIES OF PHYSICAL IMPROVEMENTS TO THE DEPOT BUILDING.	18,340
4	DEPOT FOUNDATION IS PAYING FOR THE PAYROLL AND RELATED PAYROLL COSTS AND EMPLOYEE BENEFITS OF A DEPOT PROGRAM DIRECTOR WHO IS WORKING THE AUSPICES OF THE MANAGEMENT COMPANY.	51,724

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1	N/A
2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2015)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

5,722,264

Average of monthly cash balances.......................

345

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

5,722,609

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) Click to see attachment

.............

296,082

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

5,722,609

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

85,839

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

5,636,770

Minimum investment return. Enter 5% of line 5..................

281,839

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

281,839

Tax on investment income for 2015 from Part VI, line 5......

1,388

Income tax for 2015. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

1,388

Distributable amount before adjustments. Subtract line 2c from line 1............

280,451

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

280,451

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

280,451

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

417,793

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

417,793

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).................

1,388

Adjusted qualifying distributions. Subtract line 5 from line 4..............

416,405

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)

Page 9

Part XIII

Undistributed Income (see instructions)

	(c) 2014	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7		280,451
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......	319,165
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2015:
a From 2010......
b From 2011......
c From 2012......
d From 2013......
e From 2014......
fTotal of lines 3a through e........
4Qualifying distributions for 2015 from Part
XII, line 4: $ 417,793
a Applied to 2014, but not more than line 2a	319,165
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2015 distributable amount.....		98,628
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2015.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2014. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2016. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........		181,823
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8Excess distributions carryover from 2010 not applied on line 5 or line 7 (see instructions) ...
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2011....
b Excess from 2012....
c Excess from 2013....
d Excess from 2014....
e Excess from 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 section4942(j)(3) or4942(j)(5)

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	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2015)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ARROWHEAD CHORALE 506 W MICHIGAN ST DULUTH,MN55802		PC	PROGRAMMATIC	7,033
DULUTH ART INSTITUTE 506 W MICHIGAN STREET DULUTH,MN55802		PC	PROGRAMMATIC	93,014
DULUTH ART INSTITUTE 506 W MICHIGAN STREET DULUTH,MN55802		PC	SOUND-PROOFING WALLS	400
DULUTH CHILDRENS MUSEUM 115 S 29TH AVE W DULUTH,MN55806		PC	PROGRAMMATIC	852
DULUTH PLAYHOUSE 506 W MICHIGAN STREET DULUTH,MN55802		PC	PROGRAMMATIC	139,326
HISTORIC UNION DEPOT 506 W MICHIGAN ST DULUTH,MN55802		PC	BUILDING IMPROVEMENTS	18,340
LAKE SUPERIOR RAILROAD MUSEUM 506 W MICHIGAN ST DULUTH,MN55802		PC	TRAIN TRACK REHABILITATION	29,200
LAKE SUPERIOR RAILROAD MUSEUM 506 W MICHIGAN STREET DULUTH,MN55802		PC	PROGRAMMATIC	3,547
MATINEE MUSICALE 506 W MICHIGAN ST DULUTH,MN55802		PC	PROGRAMMATIC	84
MINNESOTA BALLET 301 W 1ST ST STE 800 DULUTH,MN55802		PC	PROGRAMMATIC	6,837
MINNESOTA BALLET 506 W MICHIGAN STREET DULUTH,MN55802		PC	WASHROOM RENOVATIONS	9,800
ONEIDA REALTY COMPANY 1605 LONDSDALE BLDG DULUTH,MN55802		NC	FUND DEPOT PROGRAM DIRECTOR POSITION	51,724
ST LOUIS COUNTY HISTORICAL SOCIETY 506 W MICHIGAN ST DULUTH,MN55802		PC	PROGRAMMATIC	4,792
Total ................................. 3a				364,949

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
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 ...........
4 Dividends and interest from securities....			14	113,238
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	51,797
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aCIRCLE OF FRIENDS			3	6,340
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				171,375

13Total. Add line 12, columns (b), (d), and (e)..................

13171,375

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2015)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2015

Name of the organization

THE DEPOT FOUNDATION

Employer identification number

41-1356072

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

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

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Do not complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2015)

Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2

Name of organization THE DEPOT FOUNDATION

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	DR BERNHARD BOECKER 4955 PEPPERWOOD PLACE VENICE, FL34293	$ 8,642	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
2	MURIEL WHITESIDE CHARITABLE TRUST 130 W SUPERIOR ST DULUTH, MN558021918	$ 60,911	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Page 3

Name of organization THE DEPOT FOUNDATION		Employer identification number 41-1356072

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
1	80SHS APPLE INC	$ 8,642	2015-12-28
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Page 4


Name of organization THE DEPOT FOUNDATION			Employer identification number 41-1356072
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.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No.from Part I

(b) Purpose 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

(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

(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

(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:

- TIN:

TY 2015 AccountingFeesSchedule

Name:

THE DEPOT FOUNDATION

EIN:

41-1356072

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INDIRECT ACCOUNTING FEES	10,235

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2015 DepreciationSchedule

Name:

THE DEPOT FOUNDATION

EIN:

41-1356072

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense
OFFICE EQUIPMENT	1998-09-30	2,110	2,110	S/L	5.0000
OFFICE FURNITURE, FILES, ETC.	2001-02-09	4,803	4,803	S/L	5.0000
BROTHER ALL-IN-ONE PRINTER	2001-02-13	363	363	S/L	5.0000
PANASONIC CORDLESS PHONES (2)	2001-07-20	385	385	S/L	5.0000
OFFICE DRAPES	2001-07-31	238	238	S/L	5.0000
FILE CABINET & CONSOLE TABLE	2001-09-05	150	150	S/L	5.0000
EXECUTIVE CHAIRS (2)	2001-11-15	374	374	S/L	5.0000
PHONE & OFFICE SET-UP	2001-09-05	476	476	S/L	5.0000
TELEPHONES	2003-09-17	400	400	S/L	5.0000
OFFICE FURNITURE (DESK/CHAIR/CABINETS)	2004-08-06	1,715	1,715	S/L	5.0000
MICROWAVE/REFRIGERATOR	2004-02-01	182	182	S/L	5.0000
PHOTOCOPIER	2004-09-29	520	520	S/L	5.0000
COMPUTERS(2)/HP1150 PRINTER	2004-02-06	2,250	2,250	S/L	5.0000
COMPUTERS/SERVER	2004-08-20	2,703	2,703	S/L	5.0000
FILE CABINETS	2006-01-06	715	715	S/L	7.0000
40 GB HARD DRIVE	2006-06-27	140	140	S/L	5.0000
ONLINE DONATION WEBPAGE	2006-06-30	650	650		3.0000
D'AUTREMONT BOAT HOUSE PRINT	2006-05-24	421		200DB	7.0000
IN-KIND WORKSTATIONS (FURNITURE)	2006-07-01	23,256	23,256	S/L	7.0000
IN-KIND CONFERENCE TABLE	2006-07-01	750	750	S/L	7.0000
AMD ATHLON II COMPUTER	2010-04-15	660	660	S/L	5.0000
ARCHITECTURAL FEES	2007-08-01	1,002	228	S/L	39.0000	26
IN-KIND ARCHITECTURAL FEES	2007-08-01	930	212	S/L	39.0000	24
BELKNAP ELECTRIC ELECTRICAL WORK	2007-09-01	395	89	S/L	39.0000	10
JOHNSON-WILSON CONSTRUCTORS	2007-08-01	9,498	2,162	S/L	39.0000	243
JOHNSON-WILSON CONSTRUCTORS	2007-08-01	1,200	273	S/L	39.0000	31

- TIN:

TY 2015 InvestmentsCorpBondsSchedule

Name:

THE DEPOT FOUNDATION

EIN:

41-1356072

Name of Bond	End of Year Book Value	End of Year Fair Market Value
BANK OF NY MELLON 2.100 01/15/2019	51,117	51,117
CATERPILLAR INC 1.500 06/26/2017	50,297	50,297
EMC CORP 1.875 06/01/2018	49,004	49,004
PROCTOR & GAMBLE CO 1.450 08/15/2016	50,055	50,055

- TIN:

TY 2015 InvestmentsCorpStockSchedule

Name:

THE DEPOT FOUNDATION

EIN:

41-1356072

Name of Stock	End of Year Book Value	End of Year Fair Market Value
AMAZON.COM INC	36,497	36,497
CHIPOTLE MEXICAN GRILL INC
HOME DEPOT INC	31,795	31,795
MCGRAW-HILL FINANCIAL INC
NIKE INC CL B	23,791	23,791
POLARIS INDS INC
STARBUCKS CORP	22,448	22,448
THE PRICELINE GROUP INC	24,968	24,968
TRACTOR SUPPLY CO	31,366	31,366
TWENTY FIRST CENTURY FOX INC
COCA COLA INC
CONSTELLATION BRANDS INC	16,705	16,705
ESTEE LAUDER COMPANIES INC	17,931	17,931
KEURIG GREEN MOUNTAIN INC
MONDELEZ INTERNATIONAL INC	16,020	16,020
MONSTER BEVERAGE CORP	23,946	23,946
WHITEWAVE FOODS CO	21,452	21,452
CONCHO RESOURCES INC	14,312	14,312
FMC TECHNOLOGIES INC
INTERCONTINENTIAL EXCHANGE INC	16,893	16,893
S&P GLOBAL INC	13,837	13,837
ALEXION PHARMACEUTICALS INC	10,158	10,158
ALIGN TECHNOLOGY INC	15,707	15,707
BOSTON SCIENTIFIC CORP	24,749	24,749
CARDINAL HEALTH INC
CELGENE CORP	18,937	18,937
CENTENE CORP	15,487	15,487
CERNER CORP	15,353	15,353
GILEAD SCIENCES INC
TEAM HEALTH HOLDINGS INC	13,014	13,014
DANAHER CORP	13,433	13,433
FASTENAL CO
FORTUNE BRANDS HOME & SECURITY	20,290	20,290
MIDDLEBY CORP	14,061	14,061
PRECISION CASTPARTS CORP
STERICYCLE INC
TRANSDIGM GROUP INC	16,349	16,349
UNION PACIFIC CORP
VERISK ANALYTICS INC	14,351	14,351
WABCO HOLDINGS INC	11,538	11,538
ALPHABET INC CL C	51,215	51,215
APPLE INC	35,850	35,850
FACEBOOK INC	42,284	42,284
GOOGLE INC CL A
GOOGLE INC CL C
INTUIT.COM	9,598	9,598
MICROSOFT CORP	29,525	29,525
PALO ALTO NETWORKS INC	12,632	12,632
QUALCOMM INC
SALESFORCE.COM INC	21,123	21,123
VANTIV INC	9,396	9,396
VISA INC	32,931	32,931
ECOLAB INC	11,741	11,741
MONSANTO CO
PPG INDUSTRIES INC	21,559	21,559
ACCENTURE PLC	12,688	12,688
ALLERGAN PLC	17,794	17,794
JAZZ PHARMACEUTICALS PLC	18,512	18,512
NORWEGIAN CRUISE LINE HOLDINGS LTD	15,856	15,856
NXP SEMICONDUCTORS NV	12,064	12,064
PERRIGO CO PLC	7,888	7,888
SCHLUMBERGER LTD

- TIN:

TY 2015 InvestmentsGovtObligationsSch

Name:

THE DEPOT FOUNDATION

EIN:

41-1356072

US Government Securities - End of Year Book Value:

75,766

US Government Securities - End of Year Fair Market Value:

75,766

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

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

- TIN:

TY 2015 InvestmentsOtherSchedule2

Name:

THE DEPOT FOUNDATION

EIN:

41-1356072

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
ISHARES CORE TOTAL US AGG BOND EFT	FMV	36,600	36,600
PRINCIPAL PFD SECURITIES FD	FMV	42,874	42,874
RIDGEWORTH SEIX HI YIELD BE FD	FMV	249,571	249,571
DREYFUS EMERGING MKTS DEBT LOC CUR	FMV	65,779	65,779
PIMCO FOREIGN BOND FD	FMV	95,697	95,697
TEMPLETON GLOBAL BOND FD	FMV	193,795	193,795
HARBOR CAPITAL APPRECIATION FD
ISHARES RUSSELL MIDCAP GROWTH	FMV	197,922	197,922
ISHARES RUSSELL 1000 VALUE ETF	FMV	694,015	694,015
ISHARES RUSSELL 2000 EFT	FMV	73,587	73,587
JP MORGAN MIDCAP VALUE FUND	FMV	266,748	266,748
ROYCE PENNSYVANIA MUTUAL FUND
SPDR S&P 500 ETF TRUST	FMV	41,895	41,895
TOUCHSTONE SMALLCAP FUND	FMV	289,698	289,698
AMERICAN EUROPACIFIC GROWTH FD	FMV	227,437	227,437
ARTISAN INTERNATIONAL FUND	FMV	134,176	134,176
DODGE & COX INTERNATIONAL STOCK FD	FMV	326,613	326,613
HSBC FRONTIER MARKETS FD
ISHARES MSCI EMERGING MARKETS
MORGAN STANLEY FRONTIER EMERGING MKT	FMV	34,876	34,876
OPPENHEIMER DEVELOPING MARKETS FD	FMV	249,876	249,876
VANGUARD FTSE EMERGING MKTS	FMV	324,116	324,116
AQR MANAGED FUTURE STRATEGY FD	FMV	109,822	109,822
ASG GLOBAL ALTERNATIVES FUND	FMV	139,358	139,358
BOSTON PTNRS LONG/SHORT RESEARCH	FMV	155,721	155,721
DRIEHAUS ACTIVE INCOME FD	FMV	123,929	123,929
THE MERGER FUND	FMV	90,681	90,681
PIMCO COMMODITY REAL RETURN STRATEGY	FMV	52,499	52,499
PWRSHS DB COMMODITY INDEX	FMV	141,220	141,220
SPDR DJ WILSHIRE INTL REAL ESTATE	FMV	153,368	153,368
SPDR DOW JONES REIT ETF	FMV	256,032	256,032

- TIN:

TY 2015 LandEtcSchedule2

Name:

THE DEPOT FOUNDATION

EIN:

41-1356072

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
EQUIPMENT	56,286	46,138	10,148	10,148

- TIN:

TY 2015 OtherAssetsSchedule

Name:

THE DEPOT FOUNDATION

EIN:

41-1356072

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
ACCRUED INVESTMENT INCOME	3,964	1,985	1,985

- TIN:

TY 2015 OtherDecreasesSchedule

Name:

THE DEPOT FOUNDATION

EIN:

41-1356072

Description	Amount
FEDERAL EXCISE TAX FYE 06/30/2016	1,388
UNREALIZED LOSSES ON SECURITIES	358,681
DONATED FACILITIES & SERVICES	27,190

- TIN:

TY 2015 OtherExpensesSchedule

Name:

THE DEPOT FOUNDATION

EIN:

41-1356072

Description	Revenue and Expenses per Books	Disbursements for Charitable Purposes
EXPENSES
BANK & CREDIT CARD FEES	860
DEVELOPMENT	11,115
ARTS & CULTURAL AWARDS	770	770
DUES & SUBSCRIPTIONS	300
INSURANCE	2,367
OFFICE SUPPLIES	852	291
TELECOMMUNICATIONS	1,390	1,112
POSTAGE	802	360
WEBSITE	335
FOREIGN TAX WITHHELD	56

- TIN:

TY 2015 OtherIncomeSchedule2

Name:

THE DEPOT FOUNDATION

EIN:

41-1356072

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
CIRCLE OF FRIENDS	6,340

- TIN:

TY 2015 OtherIncreasesSchedule

Name:

THE DEPOT FOUNDATION

EIN:

41-1356072

Description	Amount
DONATED FACILITIES & SERVICES	27,190

- TIN:

TY 2015 OtherLiabilitiesSchedule

Name:

THE DEPOT FOUNDATION

EIN:

41-1356072

Description	Beginning of Year - Book Value	End of Year - Book Value
CUSTODIAL ACCOUNTS	312,009	301,458

- TIN:

TY 2015 OtherProfessionalFeesSchedule

Name:

THE DEPOT FOUNDATION

EIN:

41-1356072

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT AGENCY FEES	26,228	26,228

- TIN:

TY 2015 ReductionExplanationStatement

Name:

THE DEPOT FOUNDATION

EIN:

41-1356072

Explanation:

THE DEPOT FOUNDATION INVESTS MANAGED FUNDS HELD ON BEHALF OF OTHER 501(C) (3) CHARITABLE ORGANIZATIONS IN AN UNSEGREGATED INVESTMENT ACCOUNT. THE GROSS AVERAGE MONTHLY FAIR VALUE OF SECURITIES OF 6,018,346 HAS BEEN REDUCED BY THE AVERAGE MONTHLY BALANCE OF THE CUSTODIAL ACCOUNT LIABILITIES FOR MANAGED FUNDS HELD IN THE SAME ACCOUNT (296,082).