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 11-01-2015 , and ending 10-31-2016

Name of foundation
WILF FAMILY FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)820 MORRIS TURNPIKE
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
SHORT HILLS, NJ07078

A Employer identification number

22-6075840

B Telephone number (see instructions)

(212) 697-1000

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

$117,011,276J 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)	2,000,000
2	Check Sch. B .............
3	Interest on savings and temporary cash investments	1,379,404		1,379,404
4	Dividends and interest from securities...	2,452,127		2,452,127
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		402,908
b	Gross sales price for all assets on line 6a 8,682,495
7	Capital gain net income (from Part IV, line 2)...			402,908
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).......		11,886	11,886
12	Total. Add lines 1 through 11........	6,246,325		4,246,325
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......	124,600		124,600	0
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		3,474	3,474	0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		220,000	220,000	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		84,708	9,045	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		30,855	30,855	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	463,637		387,974	0
25	Contributions, gifts, grants paid.......	1,282,800			1,282,800
26	Total expenses and disbursements. Add lines 24 and 25	1,746,437		387,974	1,282,800
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	4,499,888
b	Net investment income (if negative, enter -0-)			3,858,351
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.............	7,429,232	2,324,317	2,324,317
	2	Savings and temporary cash investments.........
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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..............
	9	Prepaid expenses and deferred charges..........		4,137	4,137
	10a	Investments—U.S. and state government obligations (attach schedule)	10,672,709	8,358,891	9,637,946
	b	Investments—corporate stock (attach schedule).......	33,866,481	37,248,833	74,757,742
	c	Investments—corporate bonds (attach schedule).......	20,296,512	29,170,620	28,978,134
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	1,534,770	1,159,770	1,309,000
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	73,799,704	78,266,568	117,011,276
	17	Accounts payable and accrued expenses..........	33,024
	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 )
	23	Total liabilities (add lines 17 through 22).........	33,024	0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................	73,766,680	78,266,568
	25	Temporarily restricted...............
	26	Permanently restricted...............
		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).....	73,766,680	78,266,568
	31	Total liabilities and net assets/fund balances (see instructions).	73,799,704	78,266,568

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

73,766,680

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

4,499,888

Other increases not included in line 2 (itemize) bullet

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

78,266,568

Decreases not included in line 2 (itemize) bullet

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

78,266,568

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	ALCATEL LUCENT	P	2014-11-01	2016-02-16
b	CENTURY LINK	P	2014-11-01	2016-10-03
c	CITIGROUP 7 1/8 PFD	P	2014-11-01	2016-08-08
d	CLIFFS NATURAL RESOURCES 4.8 20	P	2014-11-01	2016-06-16
e	FHLMC 1579 PM 6.7 23	P	1993-09-30	2016-10-31
	FHLMC 2104 Z 61/2 28	P	1999-02-23	2015-11-16
	FIRST NIAGARA FINANCIAL GROUP	P	2014-11-01	2016-08-02
	FIRST REPUBLIC BANK 5 1/2 PFD	P	2014-11-01	2016-09-22
	FIRST REPUBLIC BANK 6.2 PFD	P	2014-11-01	2016-09-22
	FMAC 3393 BY 5 1/2 37	P	2006-02-05	2015-11-16
	FNMA 250 DZ 7 23	P	1993-04-30	2016-01-01
	FNMA 255E 7.1 23	P	1995-11-25	2015-11-25
	FNMA 52G 6 19	P	1993-02-28	2015-12-28
	FNMA 61E 71/2 24	P	1996-06-06	2015-11-25
	FRONTIER COMMUNICATIONS	P	2014-11-01	2016-10-03
	GE CAPITAL 63/8 67	P	2014-11-01	2016-02-04
	GENERAL MOTORS	P	2014-11-01	2016-07-11
	GNMA 10 PA 41/2 38	P	2009-03-05	2016-10-31
	GNMA 74 CZ 6 38	P	2008-08-15	2016-10-31
	GNMA SFMP 313172 81/2 21	P	2014-11-01	2016-10-31
	GNMA38 BC 5 33	P	2009-04-07	2016-10-31
	GNMAJSFP 001843 71/2 22	P	2014-11-01	2016-10-31
	GOLDMAN SACHS CAPITAL II 5.793 43	P	2014-11-01	2016-10-31
	GOLDMAN SACHS GROUP 5.95 PFD	P	2014-11-01	2016-09-22
	HSBC TOTAL RETURN FUNDS	P	2014-11-01	2016-10-31
	INTERNATIONAL LEASE FINANCE 53/4 16	P	2015-11-01	2016-05-16
	J P MORGAN STRATEGIC INCOME OPPORTUNITIES FUND	P	2015-11-01	2016-05-09
	JPM PRIME MM FD	P	2014-11-01	2016-10-06
	LAZARD LTD	P	2014-11-01	2016-10-03
	LUMBER LIQUIDATORS	P	2014-11-01	2016-10-03
	MERRILL LYNCH CAPITAL TRUST IV 7.12 PFD	P	2014-11-01	2016-01-29
	MORGAN STANLEY CAP TRUST III 6114 PFD	P	2014-11-01	2016-08-18
	MOTORS LIQUIDATION TRUST	P	2014-11-01	2016-10-03
	NEUBERGER BERMAN INCOME FUNDS	P	2015-02-01	2016-02-17
	NOKIACORP-SPONADRCASH IN LIEU FROM SALE OF FRACTIONAL SHARES.	P	2016-02-16	2016-10-03
	PORTLAND GENERAL ELECTRIC	P	2014-11-01	2016-10-03
	PRUDENTIAL INVESTMENT PORTFOLIOS	P	2014-11-01	2016-06-08
	PUTNAM PREMIER INCOME TRUST	P	2014-11-01	2016-10-03
	RBC FUNDS TRUST	P	2014-11-01	2015-12-24
	REGIONS FINANCIAL VAR. PFD	P	2014-11-01	2016-01-26
	URBAN EDGE PROPERTIES	P	2015-02-01	2016-03-02
	VANGUARD NATURAL RESOURCES	P	2014-11-01	2016-10-03
	VORNADO REALTY TRUST	P	2014-11-01	2016-03-21
	VORNADO REALTY TRUST 5.4 PFD	P	2014-11-01	2016-03-21
	VORNADO REALTY TRUST SERIES J 6 7/8 PFD	P	2014-11-01	2016-03-21
	WELLS FARGO	P	2014-11-01	2016-10-03

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	4,941	21,338	-16,397
b	16,153	19,805	-3,652
c	149,097	125,000	24,097
d	165,611	259,505	-93,894
e	25,322	24,673	649
	33,623	32,870	753
	18,400	80,000	-61,600
	204,710	200,000	4,710
	256,289	250,000	6,289
	11,327	11,101	226
	4,422	4,422	0
	1,844	1,837	7
	221	221	0
	349	341	8
	22,179	54,118	-31,939
	539,375	520,000	19,375
	439,678	698,431	-258,753
	236,814	236,814	0
	1,226,189	1,226,189	0
	180	180	0
	770,402	770,402	0
	4,770	4,770	0
	188,260	165,410	22,850
	259,789	250,000	9,789
	149,652	153,640	-3,988
	500,000	521,700	-21,700
	27,676	29,274	-1,598
	750,533	750,441	92
	35,980	25,000	10,980
	7,182	4,400	2,782
	200,000	200,000	0
	125,000	125,000	0
	20,774	25,260	-4,486
	46,596	51,600	-5,004
	3,942	4,942	-1,000
	6,997		6,997
	75,725	79,290	-3,565
	47,644	100,002	-52,358
	55,197	138,138	-82,941
	262,695	250,000	12,695
	861,678	188,730	672,948
	1,786	55,300	-53,514
	391,480	20,286	371,194
	258,489	250,000	8,489
	250,000	250,000	0
	23,524	99,157	-75,633

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			-16,397
b			-3,652
c			24,097
d			-93,894
e			649
			753
			-61,600
			4,710
			6,289
			226
			0
			7
			0
			8
			-31,939
			19,375
			-258,753
			0
			0
			0
			0
			0
			22,850
			9,789
			-3,988
			-21,700
			-1,598
			92
			10,980
			2,782
			0
			0
			-4,486
			-5,004
			-1,000
			6,997
			-3,565
			-52,358
			-82,941
			12,695
			672,948
			-53,514
			371,194
			8,489
			0
			-75,633

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	402,908
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

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	9,316,712	115,031,867	0.080992
2013	11,551,859	115,445,054	0.100064
2012	7,715,060	112,046,667	0.068856
2011	7,367,912	112,351,456	0.065579
2010	5,561,143	114,499,508	0.048569

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

20.364060

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 . . .

0.072812

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

113,625,505

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

8,273,300

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

38,584

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

8,311,884

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

1,282,800

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	77,167
	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	0
3	Add lines 1 and 2...........................	3	77,167
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	77,167
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	80,000
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	80,000
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	2,833
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax2,833	Refunded	11	0

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

$ 0(2) On foundation managers. bullet

$ 0

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

on foundation managers. bullet

$ 0

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....

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

N/A

The books are in care of bullet

CITRIN COOPERMAN Telephone no. bullet

(212) 697-1000

Located at bullet

529 5TH AVENUENEW YORKNY ZIP+4 bullet

10017

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
ELIZABETH WILF	TRUSTEE 1.00	0	0	0
820 MORRIS TURNPIKE SHORT HILLS,NJ07078	TRUSTEE 1.00	0	0	0
LEONARD WILF	TRUSTEE/PRESIDENT 1.00	0	0	0
820 MORRIS TURNPIKE SHORT HILLS,NJ07078	TRUSTEE/PRESIDENT 1.00	0	0	0
ZYGMUNT WILF	TRUSTEE/VP 1.00	0	0	0
820 MORRIS TURNPIKE SHORT HILLS,NJ07078	TRUSTEE/VP 1.00	0	0	0
MARK WILF	TRUSTEE/SECRETARY 1.00	0	0	0
820 MORRIS TURNPIKE SHORT HILLS,NJ07078	TRUSTEE/SECRETARY 1.00	0	0	0
ORIN WILF	TRUSTEE/TREASURER 1.00	0	0	0
820 MORRIS TURNPIKE SHORT HILLS,NJ07078	TRUSTEE/TREASURER 1.00	0	0	0
JASON WILF	TRUSTEE 1.00	0	0	0
820 MORRIS TURNPIKE SHORT HILLS,NJ07078	TRUSTEE 1.00	0	0	0
JONATHAN WILF	TRUSTEE 1.00	0	0	0
820 MORRIS TURNPIKE SHORT HILLS,NJ07078	TRUSTEE 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
MARY ELLEN LAWRENCE	ADMINISTRATION 40.00	124,600	0	0
820 MORRIS TURNPIKE SHORT HILLS,NJ07078	ADMINISTRATION 40.00	124,600	0	0








Total number of other employees paid over $50,000...................				0

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
BELIN CONSULTING	CONSULTING	220,000
PO BOX 5 SHARON,CT06069	CONSULTING	220,000

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


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

108,356,197

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

6,999,646

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

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

115,355,843

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

1c (attach detailed explanation) .............

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

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

115,355,843

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

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

1,730,338

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

113,625,505

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

5,681,275

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

5,681,275

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

77,167

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

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

77,167

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

5,604,108

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

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

5,604,108

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

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

5,604,108

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 ..........

1,282,800

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

1,282,800

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

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

1,282,800

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)

		(a) Corpus	(b) Years prior to 2014	(c) 2014	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7					5,604,108
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2015:
a From 2010......
b From 2011......	1,837,475
c From 2012......	2,202,797
d From 2013......	5,938,040
e From 2014......	3,756,015
fTotal of lines 3a through e........		13,734,327
4Qualifying distributions for 2015 from Part
XII, line 4: $ 1,282,800
a Applied to 2014, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2015 distributable amount.....					1,282,800
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2015.		4,321,308			4,321,308
(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		9,413,019
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2014. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2016. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8Excess distributions carryover from 2010 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......		9,413,019
10 Analysis of line 9:
a Excess from 2011....
b Excess from 2012....
c Excess from 2013....	5,657,004
d Excess from 2014....	3,756,015
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).)

LEONARD WILF

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
METROPOLITAN MUSEUM OF ART 1000 FIFTH AVENUE NEW YORK,NY10028	NONE	PUBLIC	REAL ESTATE COUNCIL BENEFIT	20,000
INTERFAITH HOSPITAL NETWORK 46 PARK STREET MONTCLAIR,NJ07042	NONE	PUBLIC	PLEDGE PAYMENT	6,000
BIRTHRIGHT ISRAEL FOUNDATION 33 EAST 33RD STREET NEW YORK,NY100165354	NONE	PUBLIC	PLEDGE PAYMENT	100,000
CHABAD CENTER OF NORTHWEST NJ 1 TORAH WAY ROCKAWAY,NJ07866	NONE	PUBLIC	BENEFIT SUPPORT	1,800
AMERICAN SOCIETY FOR YAD VASHEM 500 FIFTH AVENUE NEW YORK,NY101104304	NONE	PUBLIC	PLEDGE PAYMENT YAD VASHEM SQUARE	600,000
JAFI 633 THIRD AVENUE NO 2100 NEW YORK,NY100176706	NONE	PUBLIC	MASA PLEDGE PAYMENT	355,000
AMERICAN SOCIETY FOR YAD VASHEM 500 FIFTH AVENUE NEW YORK,NY101104304	NONE	PUBLIC	PLEDGE PAYMENT RECORDING TESTIMONIES	200,000
Total ................................. 3a				1,282,800

bApproved for future payment

Total ................................. 3b				0

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 ...........			14	1,379,404
4 Dividends and interest from securities....			14	2,452,127
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....			14	11,886
8 Gain or (loss) from sales of assets other than inventory ............			18	402,908
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		4,246,325	0

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

134,246,325

(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

WILF FAMILY FOUNDATION

Employer identification number

22-6075840

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 WILF FAMILY 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	ROSE MANORINC 200 CENTRAL AVE MOUNTAINSIDE, NJ07092	$ 2,000,000	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.)
(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 WILF FAMILY FOUNDATION		Employer identification number 22-6075840

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 WILF FAMILY FOUNDATION			Employer identification number 22-6075840
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 InvestmentsCorpBondsSchedule

Name:

WILF FAMILY FOUNDATION

EIN:

22-6075840

Name of Bond	End of Year Book Value	End of Year Fair Market Value
250000 AETNA 41/8 21	268,428	269,900
500000 AFLAC 31/4 25	493,155	516,875
500000 ALTRIA GROUP 4 24	536,296	548,750
250000 AMGEN 4.1 21	270,400	269,830
250000 ANHEUSER BUSCH 3.7 24	260,290	267,650
250000 APACHE CORP. 2 5/8 23	249,921	246,133
250000 AT&T INC VAR RT	247,256	249,183
500000 AT&T 3 22	513,621	507,080
500000 BANK OF AMERICA 81/8 49	556,250	514,445
500000 BERKSHIRE HATHAWAY 3 22	523,511	524,915
500000 BURLINGTON NORTHERN SANTA FE 3.05 22	518,450	524,810
250000 CANADIAN PACIFIC 4,45 23	260,821	276,220
250000 CAPITAL ONE FINANCIAL VAR. 49	250,000	255,980
250000 CATERPILLAR 2.6 22	258,330	256,212
250000 CBS 3.7 24	259,951	262,508
250000 CBS 4 26	250,575	265,328
250000 CIGNA CORP. 4 22	274,423	267,913
250000 CIGNA CORP.	250,765	252,683
250000 CLOROX 3.05 22	258,895	259,350
250000 CITIGROUP 37/8 25	245,735	255,690
CLIFFS NATURAL RESOURCES 4.8 20	0	0
250000 COLGATE PALMOLIVE 3 1/4 24	261,216	268,323
250000 COMCAST 3318 25	252,393	262,723
250000 CORN PRODUCTS INTERNATIONAL 45/8 20	262,505	271,450
250000 CREDIT SUISSE NEW YORK 43/8 20	261,128	269,305
250000 CVS CAREMARK 41/8 21	263,875	270,690
200000 DELPHI CORP. 61/2 13	207,113	0
250000 DOW CHEMICAL 41/8 21	268,000	271,305
250000 EMBRAER OVERSEAS 6 3/8 17	274,375	251,535
250000 ENTERGY 51/8 20	254,012	275,528
250000 ERP OPERATING 43/4 20	267,365	273,515
500000 EXXON MOBIL 3.176 24	526,155	526,800
250000 FEDEX 2.7 23	254,225	254,150
250000 FEDEX 4 24	273,705	273,070
GE CAPITAL 63/8 67	0	0
250000 GENERAL ELECTRIC 2.7 22	261,693	258,343
250000 GENERAL MILLS 3.15 21	261,693	264,275
500000 GOLDMAN SACHS 3.85 24	524,906	527,585
12000 GOLDMAN SACHS CAPITAL II 5.793 43	8,340	9,861
250000 GOLDMAN SACHS 5.95 27	291,168	291,693
250000 HOME DEPOT 3 3/4 24	263,293	272,753
INTERNATIONAL LEASE FINANCE 53/4 16	0	0
250000 JP MORGAN CHASE 4.4 20	261,168	270,160
355000 JP MORGAN CHASE VAR. RATE	355,000	370,332
65000 JP MORGAN CHASE 5.15 49	65,000	64,823
250000 JP MORGAN CHASE	265,875	257,543
119537.167 JP MORGAN TRUST I FLOATING RATE	1,192,145	1,124,846
250000 KELLOGG 4 20	284,663	270,483
250000 L-3 COMMUNICATION 43/4 20	268,460	271,395
250000 MATTEL 4.35 20	261,065	268,810
250000 MCDONALD'S 33/8 25	245,915	258,440
250000 METLIFE 43/4 21	270,612	278,100
500000 METLIFE 3 25	502,453	507,295
125000 METLIFE VAR. 49	125,000	127,746
250000 NEWELL RUBBERMAID 4.7 20	266,575	270,900
250000 PEPSICO 3.6 24	259,945	270,405
250000 PHILIP MORRIS INTL. 3.6 23	268,663	269,110
250000 POTASH CORP - SASKATCHEWAN 47/8 20	266,218	271,473
500000 PRUDENTIAL FINANCIAL 3 1/2 24	519,990	524,095
500000 THERMO FISHER SCIENTIFIC 4.15 24	526,133	538,505
200000 TIME WARNER 6.95 28	198,891	258,966
250000 UNION PACIFIC 4 21	269,900	271,565
250000 UNION PACIFIC	264,635	264,538
250000 UNITED HEALTH GROUP 27/8 22	257,053	259,525
250000 UNITED HEALTH	268,386	270,580
500000 VERIZON 3.5 24	497,515	521,165
250000 WAL-MART 41/4 21	291,250	277,435
500000 WELLS FARGO 3.45 23	512,870	513,220
500000 WHIRLPOOL 3.7 25	504,270	519,055
250000 DENVER COLORADO CITY & COUNTY BUILD AMERICA BONDS	287,045	280,863
250000 EXPRESS SCRIPTS HOLDING 1.25 17	250,500	250,145
250000 FORD MOTOR CREDIT CO LLC 3%	253,730	252,740
250000 JPMORGAN CHASE & CO 2%	252,425	252,103
250000 AMGEN INC 2.125%	252,075	251,502
250000 CONOCOPHILLIPS COMPANY VAR RT	248,248	254,225
250000 AT&T INC VAR RT	251,625	249,418
10898.562 METROPOLITAN WEST UNC BD-1	128,759	129,693
250000 CVS HEALTH CORP	262,785	266,777
250000 JPMORGAN CHASE & CO 3.9 %	264,473	265,577
250000 APPLE INC	266,901	261,715
250000 CISCO SYSTEMS INC 0.035	273,977	272,105
250000 CITIGROUP INC 0.043	254,487	260,890
250000 PHILIP MORRIS INTL INC OLD 03.250%	270,249	263,303
250000 AMERICAN INTL GROUP 0.0375	268,522	260,985
250000 AETNA INC 0.035	272,095	260,703
250000 QUEST DIAGNOSTIC INC 3.5 25	271,407	258,178
250000 KRAFT HEINZ FOODS 3.95 25	278,193	267,280
250000 TIME WARNER 3.6 25	273,815	259,800
250000 MONSANTO CO 5.5 25	301,983	290,948
250000 MCDONALD CORP 3.7 26	276,031	264,590
250000 ANHEUSER BUSCH 3.65 26	275,185	263,065
250000 WALT DISNEY 3 26	271,583	257,007
250000 TYCO INTERNATIONAL 3.9 26	278,690	268,450
250000 U.S. BANCORP 3.1 26	267,115	254,960
250000 USD THOMSON REUTERS 3.35 26	266,439	253,310
250000 WALGREENS 3.45 26	268,126	254,827
250000 CONOCOPHILLIPS 4.95 26	284,785	280,448
250000 KELLOGG 3.25 26	269,954	255,713
250000 MICROSOFT 3.125 25	275,535	261,945

- TIN:

TY 2015 InvestmentsCorpStockSchedule

Name:

WILF FAMILY FOUNDATION

EIN:

22-6075840

Name of Stock	End of Year Book Value	End of Year Fair Market Value
1264 ALCATEL LUCENT	0	0
4000 ANNALY CAPITAL MANAGEMENT 7 5/8 PFD	100,000	100,640
13373 AT&T 00206R -10-2 T	67,294	491,993
1000 AVALON BAY COMMUNITIES	110,065	171,180
10000 BANK OF AMERICA 6 5/8 PFD	250,000	272,700
6723 BLACKROCK CORPORATE HIGH YIELD	154,272	70,726
4981 BLACKROCK FUNDS II	51,102	50,609
594 BOEING	50,000	84,603
10000 CAPITAL ONE FINANCIAL 6 PFD	249,500	258,100
CENTURY LINK	0	0
7307 CITIGROUP	250,000	359,139
CITIGROUP 7 1/8 PFD	0	0
250000 CITIGROUP 5.95 % 2049	260,487	260,268
20000 CITIGROUP SER J 7 1/8 PFD	500,000	570,200
4507 COMCAST	34,252	278,623
9000 DDR CORP 6 1/2 PFD	225,000	232,020
12984 DOUBLE LINE TOTAL RETURN FUND	143,460	140,876
FIRST NIAGARA FINANCIAL GROUP	0	0
5440 KEY CORP	0	76,813
20000 FIRST REPUBLIC BANK 6.7 PFD	500,000	510,000
FIRST REPUBLIC BANK 6.2 PFD	0	0
6000 FIRST REPUBLIC BANK 6.2 PFD	150,000	153,300
FIRST REPUBLIC BANK 5 1/2 PFD	0	0
FRONTIER COMMUNICATIONS	0	0
10000 GENERAL MOTORS 7 3/8 PFD	126,496	0
10000 GENERAL MOTORS 71/4 PFD	126,496	0
5000 GENERAL MOTORS 71/4 PFD	63,068	0
38000 GENERAL MOTORS 73/8 PFD	480,687	0
20000 GENERAL MOTORS 71/2 PFD	252,993	0
GENERAL MOTORS	0	0
5350 GENERAL MOTORS WARRANTS - CLASS A	303,726	169,056
8180 GENERAL MOTORS WARRANTS - CLASS B	234,346	112,066
250000 GOLDMAN SACHS 49	258,125	255,903
10000 GOLDMAN SACHS GROUP 5.95 PFD	250,000	258,200
10115 GOLDMAN SACHS STRAT INCOME TRUST	106,913	97,104
HSBC TOTAL RETURN FUNDS	0	0
54458 IBM	7,478,736	8,369,650
53761.782 J P MORGAN SHORT DURATION BOND FUND	584,429	585,461
115746.599 J P MORGAN STRATEGIC INCOME OPPORTUNITIES FUND	1,334,597	1,340,345
250000 JP MORGAN CHASE VAR. PFD	248,125	268,147
10000 JP MORGAN CHASE 6.7 PFD	250,000	274,200
10000 JP MORGAN CHASE 6.125 PFD	250,000	268,600
10000 JP MORGAN CHASE 6 1/8 PFD	250,000	268,600
10000 JP MORGAN CHASE 6 1/8 PFD	250,000	268,700
5000 JP MORGAN CHASE 6.1 PFD	125,000	133,400
10836 JPM GLOBAL BOND OPPORTUNITY FUND	112,433	109,984
LAZARD LTD	0	0
LUMBER LIQUIDATORS	0	0
MERRILL LYNCH CAPITAL TRUST IV 7.12 PFD	0	0
MORGAN STANLEY CAP TRUST III 6114 PFD	0	0
MOTORS LIQUIDATION TRUST	0	0
NEUBERGER BERMAN INCOME FUNDS	0	0
48880 NEW YORK COMMUNITY BANCORP	529,500	701,917
13741.514 PIMCO MORTGAGE OPPORTUNITY	152,617	153,768
22230 PNC FINANCIAL SERVICES	837,605	2,225,193
PORTLAND GENERAL ELECTRIC	0	0
PRUDENTIAL INVESTMENT PORTFOLIOS	0	0
3000 PUBLIC SERVICE ENTERPRISE GROUP	39,064	126,240
PUTNAM PREMIER INCOME TRUST	0	0
8148.365 RBC FUNDS TRUST	0	77,732
10000 REGIONS FINANCIAL VAR. PFD	250,000	287,700
139820 URBAN EDGE PROPERTIES	753,948	3,608,754
VANGUARD NATURAL RESOURCES	0	0
8222 VERIZON COMMUNICATIONS	116,304	395,478
2386 VODAFONE	12,286	66,426
51000 VOMADO REALTY TRUST SER G 65/8 PFD	125,000	127,900
453156 VORNADO REALTY TRUST	10,310,450	42,108,759
VORNADO REALTY TRUST 5.4 PFD	0	0
VORNADO REALTY TRUST SERIES J 6 7/8 PFD	0	0
WELLS FARGO	0	0
750 WELLS FARGO 5.2 PFD	18,750	19,005
250000 WELLS FARGO 7.98 PFD	271,562	260,880
20000 WELLS FARGO 5.85 PFD	500,000	532,800
13000 WELLS FARGO 5.85 PFD	325,000	346,320
18000 WELLS FARGO 5 1/4 PFD	450,000	456,120
250000 BANK OF AMERICA CORP VAR RT 12/29/2049	258,028	263,128
500000 CITIGROUP INC VAR RT 12/31/2049	491,084	512,520
250000 MICROSOFT CORP 4.200% 11/03/2035	258,625	274,770
NOKIACORP-SPONADRCASH IN LIEU FROM SALE OF FRACTIONAL SHARES.	0	0
500000 HP ENTERPRISE 00	519,375	528,005
500000 CITIGROUP INC VAR PT 09/01/2023	507,125	502,310
500000 CONOCOPHILLIPS COMPANY VAR RT	493,810	488,815
250000 E*TRADE FINANCIAL CORP VAR RI	262,229	258,555
250000 MORGAN STANLEY VAR RATE	261,795	257,278
500000 MORGAN STANLEY VAR RATE	515,000	509,660
250000 SUNTRUST BANKS INC VAR RATE	264,922	258,953
500000 GOLDMAN SACHS GROUP INC 1/TN VAR RI	515,625	507,480
250000 KEYCORP VAR RI	248,750	245,408
100000 M&T BANK CORPORATION VAR RT	100,000	100,977
4868.395 JOHN HANCOCK -STR INC-I	51,275	128,490
7207.739 JOHN HANCOCK LL-STR INC-I	76,416	0
10000 WELLS FARGO 5.7	250,000	257,500
500000 BLACKROCK NC	539,493	537,300
250000 DOW CHEMICAL CO/THE 0.035	261,593	261,595
20000 QWEST CORP 0.065	500,000	508,800

- TIN:

TY 2015 InvestmentsGovtObligationsSch

Name:

WILF FAMILY FOUNDATION

EIN:

22-6075840

US Government Securities - End of Year Book Value:

US Government Securities - End of Year Fair Market Value:

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

8,358,891

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

9,637,946

- TIN:

TY 2015 InvestmentsOtherSchedule2

Name:

WILF FAMILY FOUNDATION

EIN:

22-6075840

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
1684000 STATE OF ISRAEL BONDS	AT COST	1,159,770	1,309,000

- TIN:

TY 2015 LegalFeesSchedule

Name:

WILF FAMILY FOUNDATION

EIN:

22-6075840

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES	3,474	3,474		0

- TIN:

TY 2015 OtherExpensesSchedule

Name:

WILF FAMILY FOUNDATION

EIN:

22-6075840

Description	Revenue and Expenses per Books	Net Investment Income
DUES & SUBSCRIPTIONS	5,000	5,000
INSURANCE	15,458	15,458
OFFICE EXPENSES	10,313	10,313
OTHER EXPENSE	84	84

- TIN:

TY 2015 OtherIncomeSchedule2

Name:

WILF FAMILY FOUNDATION

EIN:

22-6075840

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
OTHER INCOME	11,886	11,886	11,886

- TIN:

TY 2015 OtherProfessionalFeesSchedule

Name:

WILF FAMILY FOUNDATION

EIN:

22-6075840

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
CONSULTING FEES	220,000	220,000		0

- TIN:

TY 2015 TaxesSchedule

Name:

WILF FAMILY FOUNDATION

EIN:

22-6075840

Category	Amount	Net Investment Income
PAYROLL TAXES	8,935	8,935
FOREIGN TAXES	60	60
EXCISE TAX	75,663	0
NJ ANNUAL FILING FEE	50	50