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 07-01-2015 , and ending 06-30-2016
Name of foundation
DRS KIRAN & PALLAVI PATEL
FAMILY FOUNDATION INC
Number and street (or P.O. box number if mail is not delivered to street address)5600 MARINER STREET STE 200
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
TAMPA, FL33609
A Employer identification number

20-3916634
B Telephone number (see instructions)

(813) 506-6083
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$11,252,004J 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) 831,184
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 69,820 69,820 69,820
4 Dividends and interest from securities... 171,682 171,682 171,682
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment -556,545
b Gross sales price for all assets on line 6a 4,450,352
7 Capital gain net income (from Part IV, line 2)...  
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).......      
12 Total. Add lines 1 through 11........ 516,141 241,502 241,502
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 19,010     19,010
17 Interest............... 82,170 82,170    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,728 32 -1,696  
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 32,841     32,841
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 109,329 65,898   40,754
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 245,078 148,100 -1,696 92,605
25 Contributions, gifts, grants paid....... 709,945 709,945
26 Total expenses and disbursements. Add lines 24 and 25 955,023 148,100 -1,696 802,550
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -438,882
b Net investment income (if negative, enter -0-) 93,402
c Adjusted net income (if negative, enter -0-)... 243,198
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............. 918,520 233,496 233,498
2 Savings and temporary cash investments......... 8,122,288 8,986,064 8,986,064
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.......... 4,604    
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
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)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment2,032,442 Click to see attachment2,032,442 Click to see attachment2,032,442
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 11,077,854 11,252,002 11,252,004
Liabilities 17 Accounts payable and accrued expenses..........   1,350
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) Click to see attachment7,505,126 Click to see attachment8,152,032
23 Total liabilities (add lines 17 through 22)......... 7,505,126 8,153,382
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 3,572,728 3,098,620
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)..... 3,572,728 3,098,620
31 Total liabilities and net assets/fund balances (see instructions). 11,077,854 11,252,002
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
3,572,728
2
Enter amount from Part I, line 27a .....................
2
-438,882
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
179,404
4
Add lines 1, 2, and 3 ..........................
4
3,313,250
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
214,630
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
3,098,620
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.)
1a
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
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
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  
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 3,468,007 2,866,136 1.209994
2013 1,220,663 1,219,504 1.000950
2012 1,424,430 5,855,981 0.243244
2011 448,499 2,355,836 0.190378
2010 473,129 3,913,314 0.120902
2
Total of line 1, column (d) .....................
22.765468
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
0.553094
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
4,337,819
5
Multiply line 4 by line 3......................
5
2,399,222
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
934
7
Add lines 5 and 6........................
7
2,400,156
8
Enter qualifying distributions from Part XII, line 4.............
8
802,550
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2015)
Form 990-PF (2015)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 1,868
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 1,868
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 1,868
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a  
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  
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 47
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 1,915
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bullet
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletKANDPHOLDINGS.COM
    14
    The books are in care ofbulletBHARATI SHAH Telephone no.bullet (813) 594-1026

    Located atbullet5600 MARINER STREETSUITE 227TAMPAFL ZIP+4bullet33609
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    PALLAVI C PATEL MD PRESIDENT
    0.00     		0 0 0
    5600 MARINER ST
    SUITE 200
    TAMPA,FL33609
    SHILEN PATEL V PRESIDENT
    0.00     		0 0 0
    5600 MARINER ST
    SUITE 200
    TAMPA,FL33609
    KIRAN C PATEL MD SEC/TREAS
    0.00     		0 0 0
    5600 MARINER ST
    SUITE 200
    TAMPA,FL33609
    SONALI JUDD TRUSTEE
    0.00     		0 0 0
    5600 MARINER ST
    SUITE 200
    TAMPA,FL33609
    SHEETAL PATEL TRUSTEE
    0.00     		0 0 0
    5600 MARINER ST
    SUITE 200
    TAMPA,FL33609
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 SHAKTIKRUPA CHARITABLE TRUST SEE WEBSITE FOR PROGRAM DETAILS 250,000
    2 IIT GANDHINAGAR FOUNDATION SEE WEBSITE FOR PROGRAM DETAILS 200,000
    3 TAMPA BAY PERFORMING ARTS CENTER ENHANCEMENT AND EDUCATION IN THE ARTS 120,000
    4 UNIVERSITY OF MICHIGAN SEE WEBSITE FOR PROGRAM DETAILS 33,000
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    2,318,051
    b
    Average of monthly cash balances.......................
    1b
    53,384
    c
    Fair market value of all other assets (see instructions)................
    1c
    2,032,442
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,403,877
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    4,403,877
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    66,058
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,337,819
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    216,891
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    216,891
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    1,868
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,868
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    215,023
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    215,023
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    215,023
    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
    802,550
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    802,550
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    802,550
    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 7 215,023
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 473,775
    b From 2011...... 332,224
    c From 2012...... 1,132,811
    d From 2013...... 1,166,916
    e From 2014...... 3,327,954
    fTotal of lines 3a through e........ 6,433,680
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 802,550
    a Applied to 2014, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2015 distributable amount..... 215,023
    e Remaining amount distributed out of corpus 587,527
    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 7,021,207
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		473,775
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		6,547,432
    10 Analysis of line 9:
    a Excess from 2011.... 332,224
    b Excess from 2012.... 1,132,811
    c Excess from 2013.... 1,166,916
    d Excess from 2014.... 3,327,954
    e Excess from 2015.... 587,527
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    KIRAN C PATEL MD
    5600 MARINER STREET
    SUITE 227
    TAMPA,FL33609
    (813) 806-8500
    BHARATI@KANDPHOLDINGS.COM
    bThe form in which applications should be submitted and information and materials they should include:
    NONE
    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
    HUMAN SERVICE TRUST ZAMBIA
    PO BOX 50431
    LUSAKA PLOT 9091
    MAKENI,CENTRAL AFRICA  
    ZA     		NONE CHARITY PROGRAMS 19,000
    MIND BODY AND SOUL HEALTH MINT
    907 N PARSONS AVE
    BRANDON,FL33510     		NONE 501(C)(3) PROGRAMS 5,000
    SHAKTIKRUPA CHARITABLE TRUST
    SH 160
    MOTA FOFALIA,DIST VADODARA GUJ  
    IN     		NONE   PROGRAMS 250,000
    TAMPA BAY PERFOMING
    ARTS CENTER
    1010 N WC MACINNES PLACE
    TAMPA,FL33602     		NONE 501(C)(3) PROMOTION OF ARTS IN THE COMMUNITY 120,000
    ACADEMY PREP CENTER OF ST PETE
    2301 22ND AVENUE S
    ST PETERSBURG,FL33712     		NONE 501(C)(3) PROGRAMS 1,750
    CHARITY POLO CLASSIC INC
    1936 BRUCE B DOWNS BLVD
    WESLEY CHAPEL,FL33543     		NONE 501(C)(3) PROGRAMS 1,980
    DERRICK BROOKS CHARITIES
    3750 GUNN HIGHWAY
    SUITE 109
    TAMPA,FL33618     		NONE 501(C)(3) PROGRAMS 3,200
    IIT GANDHINAGAR FOUNDATION
    450 MELVILLE AVE
    PALO ALTO,CA94301     		NONE 501(C)(3) PROGRAMS 200,000
    INDIAN AMERICAN ED FOUDATION
    2104 CHEROKEE AVE
    COLUMBUS,GA31906     		NONE 501(C)(3) PROGRAMS 7,500
    LAKELAND REGIONAL MEDICAL CENTER
    1 TAMPA GENERAL CIRCLE
    TAMPA,FL33606     		NONE 501(C)(3) PROGRAMS 1,000
    UNIVERSITY OF MICHIGAN
    4936 MILE HIGH DR
    SALT LAKE CITY,UT84124     		NONE 501(C)(3) PROGRAMS 33,000
    JAIN SOCIETY OF TAMPA BAY
    5511A LYNN RD
    TAMPA,FL33624     		NONE 501(C)(3) PROGRAMS 501
    TRAIN UP FOUNDATION
    5600 MARINER ST
    TAMPA,FL33609     		NONE 501(C)(3) PROGRAMS 20,000
    SHAW ELEMENTARY
    1311 N 15TH STREET
    TAMPA,FL33612     		NONE   EDUCATION 46,161
    SVIT - VASAD
    VASAD 388306
    GUJARAT,INDIA  
    IN     		NONE   EDUCATION 853
    Total .................................bullet 3a 709,945
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		        69,820
    4 Dividends and interest from securities....         171,682
    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 ............     		        -556,545
    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)..     -315,043
    13Total. Add line 12, columns (b), (d), and (e)..................
    13-315,043
    (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
    DRS KIRAN & PALLAVI PATEL
    FAMILY FOUNDATION INC
    Employer identification number

    20-3916634
    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
    DRS KIRAN & PALLAVI PATEL
    FAMILY FOUNDATION INC         		Employer identification number
    20-3916634
    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
    COPPERHEAD CHARITIES INC
     

       
    36750 US HWY 19
     
    PALM HARBOR, FL34684

    		$ 57,500


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    7
    SAJIX INC
     

       
    39 CALIFORNIA AVE 203
     
    PLEASANTON, CA94566

    		$ 50,000


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

    DINESH KALPANA PATEL  
    PO BOX 58887
     
    SALT LAKE CITY, UT84158

    		$ 10,796


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    8
     
     

    JAYESH PATEL  
    6924 SILVER SAGE CIRCLE
     
    TAMPA, FL33634

    		$ 12,250


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

       
    2101 COMMON WAY RD
     
    ORLANDO, FL328146338

    		$ 15,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    9
    GOOD SHEPARD LEASING CORP
     

       
    10065 CORTEZ BLVD
     
    TAMPA, FL34613

    		$ 5,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Name of organization
    DRS KIRAN & PALLAVI PATEL
    FAMILY FOUNDATION INC         		Employer identification number
    20-3916634
    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
    4
     
     

    DRS KIRAN AND PALLAVI PATEL  
    5600 MARINER ST
    STE 200
    TAMPA, FL33609

    		$ 600,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    10
     
     

    CONRIBUTIONS UNDER 5000  
    5600 MARINER ST
    STE 200
    TAMPA, FL33609

    		$ 22,638


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    THE AIDS INSTITUTE INC
     

       
    17 DAVIS BLVD STE 403
     
    TAMPA, FL33606

    		$ 10,000


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

       
    169 LONGHAD BANSAEN ROAD
     
    BANGSAEN, MUANG CHONBURI   TH

    		$ 48,000


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

       
     
     

    		$  


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

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    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
    DRS KIRAN & PALLAVI PATEL
    FAMILY FOUNDATION INC         		Employer identification number

    20-3916634
    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
    DRS KIRAN & PALLAVI PATEL
    FAMILY FOUNDATION INC         		Employer identification number

    20-3916634
    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:  

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

    TY 2015 GainLossSaleOtherAssetsSch
    Name:
    DRS KIRAN & PALLAVI PATEL
     
    FAMILY FOUNDATION INC
    EIN:
    20-3916634
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    599.000 ISHARES CORE TOTAL BOND 2015-04 PURCHASE 2015-07   60,049 61,343     -1,294  
    650.000 ASBURY AUTOMOTIVE GROUP 2015-05 PURCHASE 2015-07   59,348 54,860     4,488  
    90.000 INTEL CORP 2014-07 PURCHASE 2015-07   2,760 3,123     -363  
    60.000 INTEL CORP 2014-08 PURCHASE 2015-07   1,840 1,995     -155  
    370.000 INTEL CORP 2014-09 PURCHASE 2015-07   11,346 12,826     -1,480  
    240.000 INTEL CORP 2014-09 PURCHASE 2015-07   7,360 8,415     -1,055  
    45.000 INTEL CORP 2014-09 PURCHASE 2015-07   1,380 1,557     -177  
    25.000 INTEL CORP 2014-09 PURCHASE 2015-07   767 868     -101  
    925.000 INTEL CORP 2015-05 PURCHASE 2015-07   28,365 30,349     -1,984  
    15.000 INTEL CORP 2015-06 PURCHASE 2015-07   460 480     -20  
    995.000 MICRON TECHNOLOGY INC 2015-05 PURCHASE 2015-07   19,041 19,041        
    250.000 MICRON TECHNOLOGY INC 2015-05 PURCHASE 2015-07   4,784 4,784        
    965.000 MICRON TECHNOLOGY INC 2015-05 PURCHASE 2015-07   18,467 27,145     -8,678  
    545.000 PRICE T ROWE GROUP INC 2015-05 PURCHASE 2015-07   42,072 44,603     -2,531  
    175.000 PRICE T ROWE GROUP INC 2015-06 PURCHASE 2015-07   13,509 13,746     -237  
    410.000 ASBURY AUTOMOTIVE GROUP 2015-05 PURCHASE 2015-07   35,680 34,604     1,076  
    240.000 ASBURY AUTOMOTIVE GROUP 2015-06 PURCHASE 2015-07   20,886 20,954     -68  
    45.000 INTEL CORP 2015-07 PURCHASE 2015-07   1,292 1,430     -138  
    30.000 ROYAL BANK OF CANADA 2015-07 PURCHASE 2015-07   1,756 1,790     -34  
    28.000 WASTE MANAGEMENT INC 2015-07 PURCHASE 2015-07   1,335 1,511     -176  
    13.000 CHEVRON CORPORATION 2015-07 PURCHASE 2015-07   1,212 1,384     -172  
    1667.000 AKORN INCORP LA 2015-05 PURCHASE 2015-08   72,101 67,540     4,561  
    410.000 BOEING COMPANY 2015-05 PURCHASE 2015-08   59,034 58,459     575  
    1510.000 COMCAST CORP NEW CL A 2015-06 PURCHASE 2015-08   87,057 89,299     -2,242  
    415.000 COMCAST CORP NEW CL A 2015-06 PURCHASE 2015-08   23,926 24,139     -213  
    1060.000 CAPITAL ONE FINL 2015-06 PURCHASE 2015-08   85,893 89,451     -3,558  
    240.000 CAPITAL ONE FINL 2015-06 PURCHASE 2015-08   19,448 20,736     -1,288  
    515.000 MERCK AND CO INC SHS 2015-05 PURCHASE 2015-08   30,119 31,147     -1,028  
    400.000 MERCK AND CO INC SHS 2015-06 PURCHASE 2015-08   23,394 24,187     -793  
    20.000 MERCK AND CO INC SHS 2015-06 PURCHASE 2015-08   1,170 1,182     -12  
    3295.000 MASCO CORP 2010-05 PURCHASE 2015-08   87,339 78,649     8,690  
    805.000 MASCO CORP 2015-06 PURCHASE 2015-08   21,338 19,645     1,693  
    1335.000 QORVO INC SHS 2015-05 PURCHASE 2015-08   68,819 88,967     -20,148  
    55.000 QORVO INC SHS 2015-06 PURCHASE 2015-08   2,835 4,435     -1,600  
    730.000 ROCKWELL AUTOMATION INC 2015-05 PURCHASE 2015-08   85,097 88,162     -3,065  
    170.000 ROCKWELL AUTOMATION INC 2015-06 PURCHASE 2015-08   19,817 21,392     -1,575  
    366.000 TOPBUILD CORP SHS 2015-05 PURCHASE 2015-08   10,495 10,571     -76  
    89.000 TOPBUILD CORP SHS 2015-06 PURCHASE 2015-08   2,552 2,628     -76  
    2115.000 BLACKSTONE GROUP LP 2015-05 PURCHASE 2015-08   80,531 80,531        
    490.000 BLACKSTONE GROUP LP 2015-06 PURCHASE 2015-08   18,657 18,657        
    80.000 BLACKSTONE GROUP LP 2015-06 PURCHASE 2015-08   3,046 3,046        
    400.00 MERCK AND CO INC SHS 2014-01 PURCHASE 2015-08   23,394 20,765     2,629  
    60.000 MERCK AND CO INC SHS 2014-01 PURCHASE 2015-08   3,509 3,174     335  
    533.000 AKORN INCORP LA 2015-05 PURCHASE 2015-08   22,301 21,595     706  
    210.000 AKORN INCORP LA 2015-06 PURCHASE 2015-08   8,787 9,755     -968  
    1000.00 PLAINS ALL AMERN PIPL LP 2015-05 PURCHASE 2015-08   35,382 35,382        
    2000.00 CARLYLE GROUP LP 2015-05 PURCHASE 2015-08   48,706 48,706        
    2000.000 BLACKSTONE GROUP LP 2015-05 PURCHASE 2015-08   76,119 76,119        
    220.000 HONEYWELL INTL INC DEL 2013-05 PURCHASE 2015-09   21,836 16,878     4,958  
    220.000 HONEYWELL INTL INC DEL 2015-05 PURCHASE 2015-09   21,836 22,425     -589  
    100.000 HONEYWELL INTL INC DEL 2015-06 PURCHASE 2015-09   9,925 10,439     -514  
    1040.000 TRACTOR SUPPLY CO 2015-05 PURCHASE 2015-09   87,793 89,627     -1,834  
    230.000 TRACTOR SUPPLY CO 2015-06 PURCHASE 2015-09   19,416 20,603     -1,187  
    5.000 TRACTOR SUPPLY CO 2015-06 PURCHASE 2015-09   422 443     -21  
    32.000 INTERNATIONAL PAPER CO 2015-07 PURCHASE 2015-09   1,347 1,767     -420  
    404.815 GOLDMAN SACHS STRATEGIC 2015-07 PURCHASE 2015-09   4,016 4,076     -60  
    2500.000 EXTERRAN PARNTERS LP 2015-05 PURCHASE 2015-09   39,590 39,590        
    1105.000 FIREEYE INC 2015-08 PURCHASE 2015-10   34,010 47,273     -13,263  
    120.000 FIREEYE INC 2015-08 PURCHASE 2015-10   3,693 5,186     -1,493  
    1725.000 METLIFE INC 2015-08 PURCHASE 2015-10   81,578 95,570     -13,992  
    200.000 METLIFE INC 2015-08 PURCHASE 2015-10   9,458 10,958     -1,500  
    1204.000 THE MOSAIC COMPANY 2015-07 PURCHASE 2015-10   38,689 56,068     -17,379  
    25.000 MACY'S INC 2015-07 PURCHASE 2015-10   1,247 1,797     -550  
    35.000 WILLIAMS COMPANIES INC 2015-07 PURCHASE 2015-10   1,403 1,766     -363  
    1405.000 GREENBRIER COS INC 2015-05 PURCHASE 2015-11   51,361 89,456     -38,095  
    430.000 GREENBRIER COS INC 2015-06 PURCHASE 2015-11   15,719 26,579     -10,860  
    15.000 GREENBRIER COS INC 2015-06 PURCHASE 2015-11   548 908     -360  
    965.000 MICRON TECHNOLOGY INC 2015-05 PURCHASE 2015-11   16,857 27,145     -10,288  
    995.000 MICRON TECHNOLOGY INC 2015-05 PURCHASE 2015-11   17,381 36,043     -18,662  
    250.000 MICRON TECHNOLOGY INC 2015-05 PURCHASE 2015-11   4,367 8,608     -4,241  
    330.001 GOLDMAN SACHS STRATEGIC 2015-07 PURCHASE 2015-11   3,280 3,322     -42  
    27.000 ISHARES 20 PLUS YEAR TREAS 2015-07 PURCHASE 2015-11   3,213 3,288     -75  
    63.000 AGNICO EAGLE MINES LTD 2015-07 PURCHASE 2015-11   1,615 1,758     -143  
    1777.000 ISHARES US ENERGY ETF 2015-04 PURCHASE 2015-12   65,571 81,915     -16,344  
    490.000 ISHARES US ENERGY ETF 2015-10 PURCHASE 2015-12   18,081 18,595     -514  
    1840.000 DIREXION ZACKS MLP HIGH 2015-04 PURCHASE 2015-12   35,235 58,898     -23,663  
    876.000 DIREXION ZACKS MLP HIGH 2015-10 PURCHASE 2015-12   16,775 20,821     -4,046  
    20.000 EXXON MOBIL CORP 2013-01 PURCHASE 2015-12   1,579 1,821     -242  
    53.000 EXXON MOBIL CORP 2014-06 PURCHASE 2015-12   4,183 5,393     -1,210  
    1439.000 ACADIA HEALTHCARE CO INC 2015-07 PURCHASE 2015-12   95,901 113,728     -17,827  
    55.000 ACADIA HEALTHCARE CO INC 2015-11 PURCHASE 2015-12   3,665 3,955     -290  
    1345.000 CENTENE CORP 2015-08 PURCHASE 2015-12   77,032 95,095     -18,063  
    165.000 CENTENE CORP 2015-08 PURCHASE 2015-12   9,450 11,518     -2,068  
    2255.000 CENTENE CORP 2015-11 PURCHASE 2015-12   12,886 13,875     -989  
    417.000 CELGENE CORP COM 2015-07 PURCHASE 2015-12   44,857 57,618     -12,761  
    25.000 CELGENE CORP COM 2015-11 PURCHASE 2015-12   2,689 3,011     -322  
    920.000 EXXON MOBIL CORP COM 2015-05 PURCHASE 2015-12   72,613 81,628     -9,015  
    340.000 EXXON MOBIL CORP COM 2015-06 PURCHASE 2015-12   26,835 28,941     -2,106  
    1730.000 LAS VEGAS SANDS CORP 2015-08 PURCHASE 2015-12   75,444 96,284     -20,840  
    145.000 LAS VEGAS SANDS CORP 2015-08 PURCHASE 2015-12   8,323 8,202     121  
    260.000 LAS VEGAS SANDS CORP 2015-11 PURCHASE 2015-12   11,338 13,001     -1,663  
    145.000 LAS VEGAS SANDS CORP 2015-08 PURCHASE 2015-12   6,323 8,202     -1,879  
    1500.000 GOLAR LNG LIMITED 2015-05 PURCHASE 2015-12   25,592 68,712     -43,120  
    1061.000 WISDOMTREE TRUST JAPAN 2015-04 PURCHASE 2015-12   56,805 56,805        
    196.000 WISDOMTREE TRUST JAPAN 2015-10 PURCHASE 2015-12   10,494 10,069     425  
    36.000 WISDOMTREE EUR S/C DIV 2015-12 PURCHASE 2015-12   1,933 1,996     -63  
    3625.000 CIENA CORP 2015-06 PURCHASE 2015-12   70,261 89,226     -18,965  
    865.000 CIENA CORP 2015-06 PURCHASE 2015-12   16,766 21,649     -4,883  
    1000.000 KINDER MORGAN INC DEL 2015-08 PURCHASE 2015-12   15,850 32,258     -16,408  
    1000.000 KINDER MORGAN INC DEL 2015-08 PURCHASE 2015-12   15,850 15,850        
    2000.000 HI CRUSH PARTNERS LP 2015-05 PURCHASE 2015-12   11,668 11,668        
    32.000 ISHARES MSCI EAFE ETF 2015-07 PURCHASE 2015-12   1,904 2,086     -182  
    46.000 ISHARES CORE S&P MID-CAP 2015-04 PURCHASE 2016-01   6,159 6,159        
    177.000 ISHARES CORE S&P MID-CAP 2015-04 PURCHASE 2016-01   23,698 26,944     -3,246  
    672.000 WISDOMTREE EUR S/C DIV 2015-04 PURCHASE 2016-01   36,090 39,789     -3,699  
    96.000 WISDOMTREE EUR S/C DIV 2015-10 PURCHASE 2016-01   5,156 5,380     -224  
    1923.000 WISDOMTREE TR SHS KOREA 2015-06 PURCHASE 2016-01   37,306 40,671     -3,365  
    253.000 WISDOMTREE TR SHS KOREA 2015-10 PURCHASE 2016-01   4,908 5,111     -203  
    101.000 WISDOMTREE TR SHS KOREA 2015-12 PURCHASE 2016-01   1,959 2,060     -101  
    99.000 RS SMALL CAP GROWTH FD 2015-04 PURCHASE 2016-01   6,022 6,022        
    1051.000 RS SMALL CAP GROWTH FD 2015-04 PURCHASE 2016-01   63,932 76,807     -12,875  
    .549 RS SMALL CAP GROWTH FD 2015-12 PURCHASE 2016-01   33 37     -4  
    230.000 AVAGO TECHNOLOGIES LTD 2015-07 PURCHASE 2016-01   29,968 29,968        
    207.000 AVAGO TECHNOLOGIES LTD 2015-07 PURCHASE 2016-01   26,971 26,971        
    6520.000 FORD MOTOR CO 2015-08 PURCHASE 2016-01   83,164 96,100     -12,936  
    610.000 FORD MOTOR CO 2015-08 PURCHASE 2016-01   7,781 9,058     -1,277  
    240.000 FORD MOTOR CO 2015-11 PURCHASE 2016-01   3,061 3,484     -423  
    230.000 FORD MOTOR CO 2015-12 PURCHASE 2016-01   2,934 3,226     -292  
    675.000 SKYWORKS SOLUTIONS INC 2015-05 PURCHASE 2016-01   46,419 64,419     -18,000  
    6.000 REYNOLDS AMERICAN INC 2015-07 PURCHASE 2016-01   273 208     65  
    32.000 SYNCHRONY FINANCIAL 2015-07 PURCHASE 2016-01   934 777     157  
    77.000 PROSHARES SHORT MSCI EAFE 2015-07 PURCHASE 2016-01   2,743 2,639     104  
    45.000 ISHARES MSCI EAFE ETF 2015-07 PURCHASE 2016-01   2,420 2,903     -483  
    5498.000 ISHARES MSCI JAPAN 2015-12 PURCHASE 2016-02   60,206 67,296     -7,090  
    5498.000 ISHARES MSCI JAPAN 2015-12 PURCHASE 2016-02   2,803 3,148     -345  
    1235.000 BLACKHAWK NETWK HLDGS 2015-05 PURCHASE 2016-02   45,942 44,966     976  
    300.000 BLACKHAWK NETWK HLDGS 2015-06 PURCHASE 2016-02   11,160 11,036     124  
    1271.000 MONDELEZ INTERNATIONAL 2015-10 PURCHASE 2016-02   48,648 55,974     -7,326  
    1080.000 MONDELEZ INTERNATIONAL 2015-11 PURCHASE 2016-02   41,338 49,135     -7,797  
    35.000 MONDELEZ INTERNATIONAL 2015-12 PURCHASE 2016-02   1,340 1,563     -223  
    260.000 SKYWORKS SOLUTIONS INC 2015-05 PURCHASE 2016-02   16,132 24,813     -8,681  
    140.000 SKYWORKS SOLUTIONS INC 2015-06 PURCHASE 2016-02   8,686 14,794     -6,108  
    5.000 SKYWORKS SOLUTIONS INC 2015-06 PURCHASE 2016-02   310 522     -212  
    270.000 SKYWORKS SOLUTIONS INC 2015-11 PURCHASE 2016-02   16,752 21,364     -4,612  
    2595.000 WEYERHAEUSER CO 2015-11 PURCHASE 2016-02   63,465 80,631     -17,166  
    855.000 WEYERHAEUSER CO 2015-12 PURCHASE 2016-02   20,911 26,313     -5,402  
    45.000 BB&T CORP 2015-07 PURCHASE 2016-02   1,436 1,761     -325  
    50.000 TELUS CORP 2015-07 PURCHASE 2016-02   1,445 1,623     -178  
    2.000 BRISTOL MYERS SQUIBB CO 2015-07 PURCHASE 2016-03   128 131     -3  
    5.000 GENERAL MILLS INC 2015-07 PURCHASE 2016-03   297 277     20  
    5.000 KIMBERLY CLARK CORP 2015-07 PURCHASE 2016-03   659 538     121  
    215.000 BOEING COMPANY 2015-05 PURCHASE 2016-03   25,990 30,655     -4,665  
    160.000 BOEING COMPANY 2015-06 PURCHASE 2016-03   19,341 23,060     -3,719  
    5.000 BOEING COMPANY 2015-06 PURCHASE 2016-03   604 706     -102  
    432.000 FIRST TR NYSE ARCA BIOTE 2015-12 PURCHASE 2016-03   38,015 47,436     -9,421  
    45.000 FIRST TR NYSE ARCA BIOTE 2015-12 PURCHASE 2016-03   3,960 5,020     -1,060  
    1707.000 FIRST TR HEALTH CARE 2015-12 PURCHASE 2016-03   93,217 101,532     -8,315  
    65.000 FIRST TR HEALTH CARE 2015-12 PURCHASE 2016-03   3,550 3,899     -349  
    2000.000 AG MTG INVT TR INC 2015-07 PURCHASE 2016-03   25,760 36,336     -10,576  
    25.000 SPDR S&P 500 ETF TRUST 2015-07 PURCHASE 2016-03   5,074 5,200     -126  
    1061.000 WISDOMTREE TRUST JAPAN 2015-05 PURCHASE 2016-04   43,142 54,880     -11,738  
    154.000 WISDOMTREE TRUST JAPAN 2016-01 PURCHASE 2016-04   6,262 7,299     -1,037  
    334.000 WISDOMTREE TRUST JAPAN 2016-02 PURCHASE 2016-04   13,581 14,591     -1,010  
    2311.000 ISHARES MSCI EUROPE 2016-01 PURCHASE 2016-04   40,095 44,302     -4,207  
    630.000 CARDINAL HEALTH INC OHIO 2015-09 PURCHASE 2016-04   52,702 51,340     1,362  
    511.000 CARDINAL HEALTH INC OHIO 2015-12 PURCHASE 2016-04   42,747 43,947     -1,200  
    60.000 CARDINAL HEALTH INC OHIO 2015-12 PURCHASE 2016-04   5,019 5,306     -287  
    2470.000 KROGER CO 2015-05 PURCHASE 2016-04   96,442 89,204     7,238  
    690.000 KROGER CO 2015-06 PURCHASE 2016-04   26,941 24,459     2,482  
    2000.000 ENERGY TRANSFER EQUITY 2015-06 PURCHASE 2016-04   15,160 15,160        
    2000.000 ENERGY TRANSFER EQUITY 2015-12 PURCHASE 2016-04   15,160 15,160        
    671.000 ELI LILLY & CO 2015-10 PURCHASE 2016-05   50,279 56,423     -6,144  
    634.000 ELI LILLY & CO 2015-12 PURCHASE 2016-05   47,507 52,744     -5,237  
    4117.000 MGM RESORTS INTERNATIONAL 2015-12 PURCHASE 2016-05   87,741 92,495     -4,754  
    805.000 MGM RESORTS INTERNATIONAL 2015-12 PURCHASE 2016-05   17,156 17,380     -224  
    144.000 PROSHARES SHORT S&P 500 2015-07 PURCHASE 2016-05   2,936 3,172     -236  
    3000.000 BLACKSTONE MORTGAGE TRUS 2015-06 PURCHASE 2016-05   82,619 88,204     -5,585  
    767.000 ELECTRONIC ARTS INC DEL 2015-12 PURCHASE 2016-06   58,701 52,249     6,452  
    1143.000 SPIRIT AEROSYSTEMS HLDGS 2016-03 PURCHASE 2016-06   53,169 53,413     -244  
    1167.000 TEAM HEALTH HOLDINGS INC 2016-03 PURCHASE 2016-06   55,686 52,708     2,978  
    10 ISHARES 20 PLUS YEAR TREAS 2016-06 PURCHASE 2016-06   1,396 1,283     113  
    180.000 MERCK AND CO INC SHS 2014-01 PURCHASE 2015-08   10,527 9,356     1,171  
    130.000 MERCK AND CO INC SHS 2014-01 PURCHASE 2015-08   7,603 6,821     782  
    80.000 MERCK AND CO INC SHS 2014-01 PURCHASE 2015-08   4,679 4,271     408  
    50.000 MERCK AND CO INC SHS 2014-01 PURCHASE 2015-08   2,924 2,659     265  
    1 PUT GE 11/20/15 2015-11 PURCHASE 2015-11     89     -89  

    TY 2015 OtherAssetsSchedule
    Name:
    DRS KIRAN & PALLAVI PATEL
     
    FAMILY FOUNDATION INC
    EIN:
    20-3916634
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    OTHER LONG TERM ASSETS 2,032,442 2,032,442 2,032,442


    TY 2015 OtherDecreasesSchedule
    Name:
    DRS KIRAN & PALLAVI PATEL
     
    FAMILY FOUNDATION INC
    EIN:
    20-3916634
    Description Amount
    INVESTMENT ACTIVITY BOOK -> TAX 214,630


    TY 2015 OtherExpensesSchedule
    Name:
    DRS KIRAN & PALLAVI PATEL
     
    FAMILY FOUNDATION INC
    EIN:
    20-3916634
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    ADVERTISING 150     150
    BANK CHARGES 5,677     5,677
    DUES & SUBSCRIPTIONS 2,309     2,309
    INVESTMENT EXPENSE 63,221 63,221    
    MEALS & ENTERTAINMENT 4,807     4,807
    OFFICE EXPENSE 6,613     6,613
    OTHER ADMINISTRATIVE EXPENSE 2,677 2,677    
    POSTAGE 2,677      
    SEMINARS & CONVENTIONS 2,767     2,767
    SERVICE AWARDS 15,500     15,500
    SUPPLIES 501     501
    TELEPHONE 1,105     1,105
    TRAINING 1,325     1,325


    TY 2015 OtherIncreasesSchedule
    Name:
    DRS KIRAN & PALLAVI PATEL
     
    FAMILY FOUNDATION INC
    EIN:
    20-3916634
    Description Amount
    UNREALIZED GAIN - CY 134,089
    UNREALIZED LOSS - PY 45,315


    TY 2015 OtherLiabilitiesSchedule
    Name:
    DRS KIRAN & PALLAVI PATEL
     
    FAMILY FOUNDATION INC
    EIN:
    20-3916634
    Description Beginning of Year - Book Value End of Year - Book Value
    BANK OF AMERICA 7,358,198 7,996,337
    ADVANCES FROM DRS K&P PATEL 146,928 155,695


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    DRS KIRAN & PALLAVI PATEL
     
    FAMILY FOUNDATION INC
    EIN:
    20-3916634
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING 19,010     19,010


    TY 2015 TaxesSchedule
    Name:
    DRS KIRAN & PALLAVI PATEL
     
    FAMILY FOUNDATION INC
    EIN:
    20-3916634
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAXES 1,696   -1,696  
    FOREIGN TAXES 32 32