Form990-PF
Click to see attachment

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 06-01-2015 , and ending 05-31-2016
Name of foundation
Elizabeth F Cheney Foundation
 
% ELISABETH GERAGHTY
Number and street (or P.O. box number if mail is not delivered to street address)120 S Lasalle Street Suite 1740
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Chicago, IL60603
A Employer identification number

36-3375377
B Telephone number (see instructions)

(312) 782-1234
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$8,001,645J 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) 0
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 182,679 182,679  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 265,407
b Gross sales price for all assets on line 6a 1,396,938
7 Capital gain net income (from Part IV, line 2)... 265,407
8 Net short-term capital gain......... 213
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........ 448,086 448,086 213
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 116,759 36,000   80,759
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 6,330     6,330
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 9,000 5,400 0 3,600
c Other professional fees (attach schedule).... Click to see attachment 22,362 22,362    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 9,408     6,167
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 13,793 5,500   8,293
21 Travel, conferences, and meetings....... 8     8
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 13,896 5,587   8,309
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 191,556 74,849 0 113,466
25 Contributions, gifts, grants paid....... 1,393,563 1,393,563
26 Total expenses and disbursements. Add lines 24 and 25 1,585,119 74,849 0 1,507,029
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,137,033
b Net investment income (if negative, enter -0-) 373,237
c Adjusted net income (if negative, enter -0-)... 213
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............. 549,893 293,043 293,043
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 7,840,948 Click to see attachment6,959,475 7,708,602
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)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,390,841 7,252,518 8,001,645
Liabilities 17 Accounts payable and accrued expenses.......... 2,734 287
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 2,734 287
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 8,388,107 7,252,231
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)..... 8,388,107 7,252,231
31 Total liabilities and net assets/fund balances (see instructions). 8,390,841 7,252,518
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
8,388,107
2
Enter amount from Part I, line 27a .....................
2
-1,137,033
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,157
4
Add lines 1, 2, and 3 ..........................
4
7,252,231
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
7,252,231
Form 990-PF (2015)
Form 990-PF (2015)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a FIDELITY A/C 3763 CAP GAIN DISTRIBUTION P   2016-05-31
b FIDELITY A/C 3763 P   2016-05-31
c 3224.766 SHS FIDELITY TOTAL MKT INDEX PREMIUM CL     2015-06-26
d 3332.778 SHS FIDELITY TOTAL MKT INDEX PREMIUM CL     2015-11-13
e 10783.609 SHS LOOMIS SAYLES BOND INSTL     2015-09-17
3393.857 SHS FIDELITY TOTAL MKT INDEX PREMIUM CL     2015-09-17
100 SHS VANGUARD BD INDEX FD INC TOTAL BD MARKET     2015-09-21
583 SHS VANGUARD BD INDEX FD INC TOTAL BD MARKET     2015-09-21
1817 SHS VANGUARD BD INDEX FD INC TOTAL BD MARKET     2015-09-21
2150 SHS VANGUARD STAR FD VANGUARD TOTAL INTL ST     2015-09-21
5141.388 SHS FIDELITY TOTAL MKT INDEX PREMIUM CL     2016-03-24
(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 44,218     44,218
b 213     213
c 200,000   144,780 55,220
d 200,000   149,630 50,370
e 150,000   155,479 -5,479
200,000   152,372 47,628
8,104   7,629 475
47,246   44,477 2,769
147,248   138,619 8,629
99,909   107,715 -7,806
300,000   230,830 69,170
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       44,218
b       213
c       55,220
d       50,370
e       -5,479
      47,628
      475
      2,769
      8,629
      -7,806
      69,170
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 2 265,407
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 3 213
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)
If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2014 1,372,371 10,062,778 0.136381
2013 1,353,574 10,488,718 0.12905
2012 1,114,139 10,321,313 0.107945
2011 860,270 10,442,683 0.08238
2010 894,815 10,773,785 0.083055
2
Total of line 1, column (d) .....................
20.538811
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
0.107762
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
8,407,976
5
Multiply line 4 by line 3......................
5
906,060
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
3,732
7
Add lines 5 and 6........................
7
909,792
8
Enter qualifying distributions from Part XII, line 4.............
8
1,507,029
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 3,732
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 3,732
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 3,732
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 0
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 103
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 3,835
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? Click to see list of attachments....................
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 changesClick to see list of attachments....
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.Click to see list of attachments
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)
    bulletIL
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.cheneyfoundation.org
    14
    The books are in care ofbulletELISABETH GERAGHTY Telephone no.bullet (312) 782-1234

    Located atbullet120 S LASALLE STREET STE 1740ChicagoIL ZIP+4bullet60603
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Lawrence L Belles President
    4.0     		20,000    
    16 Gardiner Park
    Rochester,NY14607
    Allan R Drebin Treasurer
    8.0     		26,000    
    807 Davis Street
    Evanston,IL60201
    Howard M McCue III Secretary
    4.0     		20,000    
    2247 Orrington Ave
    Evanston,IL60201
    Elisabeth Geraghty Executive Director
    20.0     		50,759 6,330  
    1372 Sunview Lane
    Winnetka,IL60093
    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
     
    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
     
    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)
    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
    8,106,915
    b
    Average of monthly cash balances.......................
    1b
    429,101
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,536,016
    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
    0
    3
    Subtract line 2 from line 1d.........................
    3
    8,536,016
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    128,040
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,407,976
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    420,399
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    420,399
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    3,732
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,732
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    416,667
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    416,667
    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
    416,667
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,507,029
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,507,029
    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
    3,732
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,503,297
    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 7 416,667
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only.......  
    b Total for prior years:2013, 2012, 2011  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 896,876
    b From 2011...... 862,079
    c From 2012...... 1,116,056
    d From 2013...... 1,356,551
    e From 2014...... 1,372,371
    fTotal of lines 3a through e........ 5,603,933
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 1,507,029
    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)........     		1,507,029
    d Applied to 2015 distributable amount.....  
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2015. 416,667 416,667
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 6,694,295
    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) ...     		480,209
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		6,214,086
    10 Analysis of line 9:
    a Excess from 2011.... 862,079
    b Excess from 2012.... 1,116,056
    c Excess from 2013.... 1,356,551
    d Excess from 2014.... 1,372,371
    e Excess from 2015.... 1,507,029
    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).)
    NONE
    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.
    NONE
    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:
    Elizabeth F Cheney Foundation
    120 S LaSalle Street Suite 1740
    Chicago,IL60603
    (312) 782-1234
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATION FORM AVAILABLE ONLINE AT WWW.CHENEYFOUNDATION.ORG
    cAny submission deadlines:
    30 DAYS PRIOR TO MEETING BASED ON PROGRAMMATIC SCHEDULE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRANTS LIMITED TO ORGANIZATIONS EXEMPT UNDER SEC 501(C)(3).
    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
    Amelia Island Chamber Music Festival
    PO Box 15886
    Fernandina Beach,FL32035     		None PC Directors Discretionary or Matching Grant 2,000
    American Theatre Co
    1909 W Byron St
    Chicago,IL60657     		None PC Bruise Easy by Dan LeFranc 5,000
    Art Institute of Chicago
    111 S Michigan Ave
    Chicago,IL60603     		None PC 3rd Installment Final Pmt on Textile Collection 100,000
    Art Institute of Chicago
    111 S Michigan Ave
    Chicago,IL60603     		None PC Director discretionary or matching grants 28,000
    Bach Week
    1555 Sherman Ave 312
    Evanston,IL606046133     		None PC b Minor Mass JS Bach 5,000
    Bella Voce
    1040 W Harrison St
    Chicago,IL60607     		None PC Brahms' German Requiem 5,000
    Bella Voce
    1040 W Harrison St
    Chicago,IL60607     		None PC Director discretionary or matching grant 1,000
    Cedille Chicago
    1205 Balmoral Ave
    Chicago,IL60640     		None PC Tchaikovsky complete works for VL and orchestra 5,000
    Chicago a capella
    2936 N Southport Ave
    Chicago,IL60657     		None PC April 2017 concert 5,000
    Chicago Opera Theatre
    70 E Lake St Suite 815
    Chicago,IL60601     		None PC Mozart Lucio Silla September 2015 10,000
    Chicago Philharmonic
    401 S LaSalle St Suite 1600-J
    Evanston,IL60201     		None PC Lengendary Lovers September 2016 5,000
    Chicago Shakespeare Theater
    800 E Grand Ave
    Chicago,IL60611     		None PC Tug of War - 1st of 2 equal pmts 25,000
    Chicago Sinfonietta
    70 E Lake St Suite 1430
    Chicago,IL60601     		None PC Concert support 2016 - 2017 season 5,000
    Chicago Symphony Orchestra
    220 S Michigan Ave
    Chicago,IL60604     		None PC Civic orchestra of Chicago 100,000
    Chicago Symphony Orchestra
    220 S Michigan Ave
    Chicago,IL60604     		None PC Director discretionary or matching grant 44,600
    City Lit Theatre
    1020 W Bryn Mawr Ave
    Chicago,IL60660     		None PC "I've Got the World on a String" 5,000
    Civitas Ensemble
    PO BOX 60921
    Chicago,IL60660     		None PC Director discretionary or matching grant 10,000
    Collaborative Arts Initiative
    7409 N Greenview Ave
    Chicago,IL60626     		None PC 2016 Collaborative Works Festival 2,000
    Court Theatre
    5535 S Ellis Ave
    2E
    Chicago,IL60637     		None PC Directors Discretionary or Matching Grant 1,000
    Court Theatre
    5535 S Ellis Ave
    2E
    Chicago,IL60637     		None PC "Long Day's Journey into Night" 25,000
    Dance Center of columbia college
    1306 Michigan Ave
    Chicago,IL60605     		None PC Michael Sakamoto and Rennie Harris Performance 5,000
    Dempster Street Pro Musica
    630 Forest Ave
    Evanston,IL60202     		None PC Madeline Dring concert Sprint 2017 4,000
    Dempster Street Pro Musica
    630 Forest Ave
    Evanston,IL60602     		None PC Director discretionary or matching grant 1,000
    DePaul University School of Music
    1 E Jackson Blvd
    Chicago,IL60614     		None PC Directors Discretionary or Matching Grant 1,000
    Donor's Forum
    208 S LaSalle Street
    Chicago,IL60604     		None PC General Operating grant 2,463
    Eastman House Museum
    900 East Ave Ste 740
    Rochester,NY14607     		None PC Director discretionary or matching grant 2,500
    Eastman School of Music
    26 Gibbs St
    Rochester,NY14627     		None PC Director discretionary or matching grant 4,000
    Eigth Blackbird Performing Arts Association
    4045 N Rockwell
    Chicago,IL60640     		None PC David Lang Commission 5,000
    Evanston Community Foundation
    1500 Sherman Ave Ste 535
    Evanston,IL60201     		None PC Directors Discretionary or Matching Grant 1,000
    Evanston History Center
    225 Greenwood St
    Evanston,IL60201     		None PC Director discretionary or matching grant 5,000
    Field Museum of Chicago
    1400 S Lake Shore Dr
    Chicago,IL60605     		None PC 4th of five installments - China exhibit 25,000
    Fifth House Ensemble
    7200 N Rogers Ave
    Chicago,IL60645     		None PC And all time by Stacey Garrope 3,000
    Fulcrum Point New Music Project
    73 W Monroe St
    Chicago,IL60645     		None PC Performance at Ear Taxi October 2016 3,000
    Genesee Country Museum
    1410 Flint Hill Road
    Mumford,NY14511     		None PC Directors Discretionary or Matching Grant 7,500
    Giordano Dance Chicago
    1509 S Michigan Ave
    Chicago,IL60605     		None PC Brock Clawson new work 5,000
    Goodman Theatre
    170 N Dearborn St
    Chicago,IL60601     		None PC New work development 50,000
    Goodman Theater
    170 N Dearborn St
    Chicago,IL60601     		None PC Directors Discretionary or Matching Grant 1,000
    Grant Park Music Festival
    205 E Randolph St
    Chicago,IL60601     		None PC Concerts 6/15 and 6/17/2016 25,000
    Grant Park Music Festival
    205 E Randolph Dr
    Chicago,IL60601     		None PC Directors Discretionary or Matching Grant 5,000
    Griffin Theatre
    5301 N Damen Ave
    4th Floor
    Chicago,IL60613     		None PC "London Wall" 3,000
    Harris Theater for Music and Dance
    205 E Randolph Dr
    Chicago,IL60601     		None PC Beyond the arts Directors Discretionary or Matching Grant 1,000
    Haymarket Opera company
    1920 N Seminary Ave
    Chicago,IL60614     		None PC Haydn's L'Isola Disabitata 5,000
    Hubbard Street Dance
    1147 W Jackson Blvd Ste 1F
    Chicago,IL60607     		None PC Directors Discretionary or Matching Grant 1,000
    Hubbard Street Dance
    1147 W Jackson Blvd Ste 1f
    Chicago,IL60607     		None PC 2nd of two year Forsythe project grant 25,000
    Humane Society of Rochester & Monroe Co
    99 Victor Rd
    Fairport,NY14450     		None PC Director discretionary or matching grant 5,000
    International Contemporary Ensemble
    351 W Belden
    Chicago,IL60614     		None PC "Open Ice" 3,000
    Iowa Wesleyan College
    601 N Main St
    Mt Pleasant,IA52641     		None PC Directors Discretionary or Matching Grant 5,000
    Joffrey Ballet
    10 E Randolph St
    Chicago,IL60601     		None PC Live Music - 2nd of two year grant 25,000
    Leukemia & Lymphoma Society
    PO BOX 4072
    Pittsfield,MA01202     		None PC Directors Discretionary Grant 1,000
    Lifeline Theatre
    6912 N Glenwood Ave
    Chicago,IL60626     		None PC "Northanger Abbey" 5,000
    Light Opera Works
    516 4th St
    Wilmette,IL60091     		None PC Director discretionary or matching grant 2,000
    Light Opera Works
    516 4th St
    Wilmette,IL60091     		None PC Die Fledermaus 5,000
    Links Hall Inc
    3111 N Western Ave
    Chicago,IL60657     		None PC aMID Career Festival 5,000
    Lookingglass Theatre
    875 N Michigan Ave
    Chicago,IL60611     		None PC "Blood Wedding" 10,000
    Lucky Plush Productions
    3825 N Bell Ave
    Suite 1430
    Riverside,IL60546     		None PC Rooming House - new work 5,000
    Lyric Opera of Chicago
    20 N Wacker Drive
    Chicago,IL60606     		None PC 50K Faulknew; $100K singer sponsor, Blythe masterclass 150,000
    Lyric Opera of Chicago
    20 N Wacker Dr
    Chicago,IL60606     		None PC Directors Discretionary or Matching Grant 40,000
    Lyric Theater
    440 East Ave Ste 860
    Rochester,NY14607     		None PC Directors Discretionary or Matching Grant 5,000
    McCallum Theatre
    73000 Fred Waring Dr
    Palm Desert,CA92260     		None PC Director discretionary or matching grant 20,000
    Memorial Art Gallery
    500 University Ave
    Rochester,NY14607     		None PC Directors Discretionary or Matching Grant 10,000
    Museum of Contemporary Photography
    600 Michigan Ave
    Chicago,IL60605     		None PC Petcoke Exhibit support 5,000
    Music Institute of Chicago
    517 Green Bay Road
    Wilmette,IL60091     		None PC Chamber Music Series 5,000
    Music Institute of Chicago
    517 Green Bay Road
    Wilmette,IL60091     		None PC Director discretionary or matching grant 1,000
    Music of the Baroque
    111 N Wabsh Ave
    Chicago,IL60602     		None PC Mozart Concert - Imogen Cooper April 2016 20,000
    Newberry Library
    60 W Walton Sr
    Suite 810
    Chicago,IL60610     		None PC Creating Shakespeare 25,000
    Newberry Library
    60 W Walton St
    Suite 810
    Chicago,IL60610     		None PC Directors Discretionary or Matching Grant 1,000
    Northlight Theater
    9501 Skokie Blvd
    Skokie,IL60076     		None PC Directors Discretionary or Matching Grant 1,000
    Northlight Theater
    9501 Skokie Blvd
    Skokie,IL60076     		None PC "Mothers & Sons" 10,000
    Northwestern Univ - Music Theater
    633 Clark St
    Evanston,IL60208     		None PC Director discretionary or matching grant 1,000
    Northwestern Univ - School of Music
    633 Clark St
    Evanston,IL60208     		None PC Director discretionary or matching grant 10,000
    Northwestern Univ - Kellogg School
    633 Clark St
    Evanston,IL60208     		None PC Director discretionary or matching grant 5,000
    Northwestern Univ - Block Museum
    633 Clark St
    Evanston,IL60208     		None PC 2nd and final installment Charlotte Moorman 5,000
    Northwestern University Library
    633 Clark St
    Evanston,IL60208     		None PC Director discretionary or matching grant 5,000
    Over the Rainbow Association
    2040 Brown Ave
    Evanston,IL60208     		None PC Director discretionary or matching grant 1,000
    People's Music School
    931 W Eastwood Ave
    Chicago,IL60640     		None PC director discretionary or matching grant 2,000
    Porchlight Music Theatre
    4200 W Diversity Ave
    Chicago,IL60657     		None PC "Far From Heaven" 5,000
    Raven Theatre
    6157 N Clark St
    Chicago,IL60660     		None PC "The Old Friends" 5,000
    Ravina Festival
    418 Sheridan Road
    Highland Park,IL60035     		None PC Two Martin concerts 6/27 and 8/8/2016 40,000
    Ravina Festival
    418 Sheridan Road
    Highland Park,IL60035     		None PC Director discretionary or matching grant 3,000
    Rembrandt Chamber Players
    180 N Michigan Ave
    Chicago,IL60681     		None PC Director Discretionary or matching grant 1,000
    Rembrandt Chamber Players
    180 N Michigan Ave
    Chicago,IL60681     		None PC Trout Quintet Concert in May 2017 3,000
    Remy Bumpo Theatre
    3717 N Ravenswood
    Suite 300
    Chicago,IL60613     		None PC "The Life of Galileo" 3,000
    Rivendell theatre
    5775 N Ridge 1
    Suite 245
    Chicago,IL60660     		None PC "Body Courage" 3,000
    Rochester City Ballet
    1326 University Ave
    Rochester,NY14607     		None PC Director discretionary or matching grant 1,000
    Rochester Oratorio Society
    1050 East Ave
    Chicago,IL14607     		None PC Director discretionary or matching grant 1,000
    Rochester Philharmonic Orchestra
    108 East Ave
    Rochester,NY14604     		None PC Directors Discretionary or Matching Grant 3,500
    Shattered Globe Theatre
    2936 N Southport Ave
    Chicago,IL60657     		None PC "Animals Out of Paper" 3,000
    Sixteenth Street Theatre
    6420 16th St Suite 214
    Berwyn,IL60558     		None PC "Yasmina's Necklace" 3,000
    Space Movement Project
    1474 N Milwaukee Ave
    Chicago,IL60622     		None PC Formidable Dreams 5,000
    Spektral Quartet
    1506 W Rosemont Ave
    Third Floor
    chicago,IL60660     		None PC March 2017 Feldman concert 3,000
    University of Michigan School of Business
    701 Tappan Ave
    Ann Arbor,MI60614     		None PC Director's discretionary grant 5,000
    Steppenwolf Theatre
    1700 N Halsted St
    Chicago,IL60614     		None PC "Mary Page Marlow" by Tracey Letts 50,000
    Strawdog Theatre
    3829 N Broadway
    Chicago,IL60613     		None PC "Once in a Lifetime" 3,000
    The House Theatre
    4611 N Ravenswood Ave
    Chicago,IL60640     		None PC United Flight 232 5,000
    The Hypocrites
    4201 N Ravensood Ave
    Suite 206
    Chicago,IL60613     		None PC "The Adding Machine" 5,000
    The Seldoms
    1419 W Blackhawk St
    Suite 105
    Chicago,IL60616     		none PC RockCitizen 3,000
    The Utopian Theatre Asylum
    5315 N Clark St
    Chicago,IL60612     		none PC "The Edge" 3,000
    Theater Wit
    1229 W Belmont Ave
    Chicago,IL60657     		none PC "The New Sincerity" 5,000
    Third Coast Percussion
    4045 N Rockwell St
    Chicago,IL60618     		none PC Corrine and Ligeti concerts 5,000
    Thodos Dance Chicago
    860 W Blackhawk St
    Unite 301
    Chicago,IL60642     		none PC 15th New Dances Concert July 2016 5,000
    Timeline Theatre
    615 W Wellington Ave
    Unite 305
    Chicago,IL60657     		none PC "Chimerica" 5,000
    Trap Door
    1655 W Cortland St
    Chicago,IL60622     		none PC "The Duchess of Malfi" 3,000
    Two Pence Theatre
    4326 N Richmond St 2
    Chicago,IL60618     		none PC Richard II, Henry IV Parts 1&2 2,000
    University of Chicago
    5720 S Woodlawn Ave
    4th Floor
    Chicago,IL60637     		none PC Classic Exhibit; 1st of two equal payments; 2nd in March, 2017 5,000
    University of Chicago presents
    5720 S Woodlawn Ave
    4th Floor
    Chicago,IL60614     		none PC HMB early music series 5,000
    Victory Gardens Theater
    2433 N Lincoln Ave
    Chicago,IL60618     		none PC "The House ThatWill Not Stand" 10,000
    Visceral Dance Chicago
    2820 N Elston Ave
    Chicago,IL60618     		none PC Monica Cervantes Commission 5,000
    Washington National Opera
    2700 F ST NW
    Washington,DC20566     		none PC Directors Discretionary or Matching Grant 4,000
    WBEZ Allliance Inc
    848 E Grand Ave
    Chicago,IL60611     		none PC Director discretionary or matching grant 1,000
    Windows to the World
    5400 N St Louis Ave
    Chicago,IL60625     		none PC $100K for impromptu and Live and $50K for planning 150,000
    Windows to the World
    5400 N St Louis Ave
    Chicago,IL60625     		none PC Director discretionary or matching grant 10,000
    Writers Theatre Chicago
    321 Park Avenue
    Glencoe,IL60022     		none PC Support for "Marjorie Prime"Death of a Streetcar Named Virginia Woolf" 30,000
    Writers Theatre Chicago
    321 Park Ave
    Glencoe,IL60022     		none PC Directors Discretionary or Matching Grant 10,000
    WXXI Go Public
    PO BOX 30021
    Rochester,NY14614     		none PC Directors Discretionary or Matching Grant 10,000
    Total .................................bullet 3a 1,393,563
    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 ...........     		         
    4 Dividends and interest from securities....     14 182,679  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 265,407  
    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)..   448,086  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13448,086
    (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.)
    1 n/a
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    Elizabeth F Cheney Foundation
    EIN:
    36-3375377
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 9,000 5,400   3,600

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

    TY 2015 DepreciationSchedule
    Name:
    Elizabeth F Cheney Foundation
    EIN:
    36-3375377
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2015 GeneralExplanationAttachment
    Name:
    Elizabeth F Cheney Foundation
    EIN:
    36-3375377
    Identifier Return Reference Explanation
    Section 4942(h)(2) Section 4942(h)(2) election See attached signed pdf document.

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    Elizabeth F Cheney Foundation
    EIN:
    36-3375377
    Name of Stock End of Year Book Value End of Year Fair Market Value
    LOOMIS SAYLES BOND FUND 445,995 414,192
    FIDELITY TOTAL MARKET INDEX FU 2,825,603 3,798,194
    VANGAURD BOND INDEX FUND 626,371 642,694
    VANGUARD SHORT TERM BOND INDEX 709,089 709,088
    FIDELITY FLOATING RATE BOND FU 500,000 469,970
    VANGUARD TOTAL INTNL EQUITY 1,852,417 1,674,464

    TY 2015 OtherExpensesSchedule
    Name:
    Elizabeth F Cheney Foundation
    EIN:
    36-3375377
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 6,900 3,450   3,450
    PROFESSIONAL ASSOCIATIONS 850     850
    TELEPHONE 2,212 1,110   1,102
    STATE REGISTRATION 25     25
    POSTAGE 469 235   234
    INTERNET SERVICES 181 90   91
    PHOTOCOPYING 305 152   153
    PARKING 1,760     1,760
    OFFICE SUPPLIES 1,294 650   644
    CASH RESERVES -100 -100    


    TY 2015 OtherIncreasesSchedule
    Name:
    Elizabeth F Cheney Foundation
    EIN:
    36-3375377
    Description Amount
    CHANGE IN TAX PAYABLE 1,157


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    Elizabeth F Cheney Foundation
    EIN:
    36-3375377
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT 22,362 22,362    


    TY 2015 TaxesSchedule
    Name:
    Elizabeth F Cheney Foundation
    EIN:
    36-3375377
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 6,167     6,167
    EXCISE TAXES 3,241