Form990-PF
Click to see list of attachments

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 12-01-2015 , and ending 11-30-2016
Name of foundation
The Colen Foundation Inc
 
Number and street (or P.O. box number if mail is not delivered to street address)8435 SW 80th Street Ste 2
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Ocala, FL34481
A Employer identification number

59-2474711
B Telephone number (see instructions)

(352) 873-0848
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$8,713,221J 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)  
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 28 28  
4 Dividends and interest from securities... 151,730 151,730  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 253,457
b Gross sales price for all assets on line 6a 2,512,819
7 Capital gain net income (from Part IV, line 2)... 253,457
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 405,215 405,215  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 32,300 3,230   29,070
b Accounting fees (attach schedule)....... Click to see attachment 3,175 318   2,857
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 7,518 234    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 13,351 13,290   61
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 56,344 17,072   31,988
25 Contributions, gifts, grants paid....... 503,360 503,360
26 Total expenses and disbursements. Add lines 24 and 25 559,704 17,072   535,348
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -154,489
b Net investment income (if negative, enter -0-) 388,143
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 36,821 34,694 34,694
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........   4,839 4,839
10a Investments—U.S. and state government obligations (attach schedule) 72,201 Click to see attachment62,201 61,980
b Investments—corporate stock (attach schedule)....... 4,191,422 Click to see attachment4,198,218 5,271,963
c Investments—corporate bonds (attach schedule)....... 1,588,391 Click to see attachment2,139,501 2,128,034
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet       4,802
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,912,476 Click to see attachment1,207,369 1,206,909
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) 7,801,311 7,646,822 8,713,221
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 7,801,311 7,646,822
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)..... 7,801,311 7,646,822
31 Total liabilities and net assets/fund balances (see instructions). 7,801,311 7,646,822
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
7,801,311
2
Enter amount from Part I, line 27a .....................
2
-154,489
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
7,646,822
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
7,646,822
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 439.419 DREYFUS PR LRGE CAP EQ FD CL I P 2013-04-25 2015-12-01
b 14674.533 DREYFUS PR LRGE CAP EQ FD CL I P 2013-11-27 2015-12-01
c 200 ABBVIE INC P 2014-08-12 2015-12-10
d 100 ABBVIE INC P 2014-08-13 2015-12-10
e 424.806 BNY MELLON INCOME STK FD CL M P 2012-03-01 2015-12-01
7853.34 BNY MELLON INCOME STK FD CL M P 2012-05-01 2015-12-01
3464.325 DREYFUS SELECT MGER S/C VL-Y P 2011-11-30 2015-12-01
771.86 DREYFUS SELECT MGER S/C VL-Y P 2012-03-19 2015-12-01
545.842 DREYFUS SELECT MGER S/C VL-Y P 2015-04-21 2015-12-01
4 AMAZON COM INC P 2015-10-23 2016-05-05
270 BANK AMER CORP P 2015-04-01 2016-05-05
290 BAXTER INTL INC COM P 2010-07-23 2016-05-05
147 CELGENE CORP P 2014-11-12 2016-02-03
80 DOW CHEMICAL COMPANY COMMON P 2015-02-06 2016-05-05
3105.485 DREYFUS FLOATING RATE INC-Y P 2014-06-24 2016-05-05
2555.489 DREYFUS L/C EQUITY FUND-Y P 2013-04-25 2016-06-21
2352.941 DREYFUS GLOBAL REAL ES SEC-Y P 2010-12-06 2016-05-05
10 HALLIBURTON COMPANY COM P 2015-09-16 2016-05-05
60 HALLIBURTON COMPANY COM P 2014-12-10 2016-05-05
10 HALLIBURTON COMPANY COM P 2009-12-16 2016-05-05
20 HALLIBURTON COMPANY COM P 2009-12-16 2016-06-23
140 HALLIBURTON COMPANY COM P 2010-06-18 2016-10-28
120 HALLIBURTON COMPANY COM P 2009-12-16 2016-10-28
150 HARTFORD FINL SVCS GROUP INC COM P 2015-06-29 2016-05-05
340 HARTFORD FINL SVCS GROUP INC COM P 2015-06-29 2016-07-06
42 HONEYWELL INTL INC P 2015-07-28 2016-05-05
1 HONEYWELL INTL INC P 2015-07-28 2016-10-06
46 ILLINOIS TOOL WORKS INC COM P 2015-01-29 2016-05-05
18 JOHNSON & JOHNSON COM P 2015-07-31 2016-05-05
24 JOHNSON & JOHNSON COM P 2015-10-23 2016-05-19
32 JOHNSON & JOHNSON COM P 2015-07-31 2016-05-19
60 LOWES COMPANIES INC COM P 2015-11-24 2016-05-05
160 LOWES COMPANIES INC COM P 2015-11-24 2016-11-08
130 MICROSOFT CORP COM P 2015-09-16 2016-05-03
2 PALO ALTO NETWORKS INC P 2015-09-16 2016-05-05
18 PALO ALTO NETWORKS INC P 2015-05-04 2016-05-05
12 PALO ALTO NETWORKS INC P 2015-04-07 2016-07-22
6 PALO ALTO NETWORKS INC P 2015-05-04 2016-07-22
88 PALO ALTO NETWORKS INC P 2015-04-07 2016-08-01
115 PEPSICO INC P 2012-06-01 2016-05-05
30 PHILIP MORRIS INTERNATIONAL P 2015-05-13 2016-05-05
40 PHILIP MORRIS INTERNATIONAL P 2015-04-30 2016-05-05
30000 ABB FINANCE USA INC P 2014-07-18 2016-04-11
10000 ABBVIE INC 1.8% 5/14/18 P 2015-09-30 2016-10-25
15000 ABBVIE INC 1.8% 5/14/18 P 2015-05-05 2016-10-25
30 ADOBE SYS INC COM P 2016-04-06 2016-05-05
4 ADVANSIX INC P 2015-07-28 2016-10-06
0.36 ADVANSIX INC P 2015-07-28 2016-11-03
23 AETNA INC P 2016-05-05 2016-10-26
75 AETNA INC P 2016-02-03 2016-10-26
110 AGILENT TECHNOLOGIES INC P 2015-12-10 2016-05-05
15000 ANHEUSER-BUSCH INBEV 1.375% 7/15/17 P 2013-12-11 2016-01-13
10000 ANHEUSER-BUSCH INBEV 1.375% 7/15/17 P 2014-01-27 2016-01-13
10000 ANHEUSER-BUSCH INBEV 1.375% 7/15/17 P 2012-07-11 2016-01-14
5000 ANHEUSER-BUSCH INBEV 1.375% 7/15/17 P 2014-01-27 2016-01-14
5000 ASTRAZENECA PLC P 2014-01-27 2016-03-10
15000 ASTRAZENECA PLC P 2009-06-02 2016-10-11
10000 ASTRAZENECA PLC P 2013-12-04 2016-10-11
20000 BP CAPITAL MARKETS PLC P 2011-03-08 2016-01-19
548.992 BNY MELLON MID CAP STK FD CL M P 2014-12-29 2016-06-21
8579.94 BNY MELLON INTL FD CL M SHSS P 2014-09-03 2016-06-27
1577.236 BNY MELLON INTL FD CL M SHSS P 2013-12-26 2016-11-28
5751.026 BNY MELLON INTL FD CL M SHSS P 2014-09-03 2016-11-28
14485.89 BNY MELLON INTL FD CL M SHSS P 2014-03-20 2016-11-28
290 BAXALTA INC-W/I P 2010-07-23 2016-05-05
30000 C V S CAREMARK CORP 2.25% 8/12/19 P 2014-08-07 2016-04-26
110 CAPITAL ONE FINL CORP COM P 2014-01-21 2016-05-05
110 CAPITAL ONE FINL CORP COM P 2014-01-22 2016-10-04
90 CAPITAL ONE FINL CORP COM P 2014-01-21 2016-10-04
35000 CITIGROUP INC 2.5% 7/29/19 P 2014-09-26 2016-07-07
90 COMCAST CORP NEW CL A P 2014-01-08 2016-05-05
30 COMCAST CORP NEW CL A P 2014-01-08 2016-06-23
30 COMCAST CORP NEW CL A P 2014-01-08 2016-08-18
50 COMCAST CORP NEW CL A P 2014-01-08 2016-09-22
30 COMCAST CORP NEW CL A P 2014-01-08 2016-11-15
24 CONSTELLATION BRANDS INC P 2015-08-26 2016-05-05
40000 RABOBANK NEDERLAND NY 2.5% 1/19/21 P 2016-04-04 2016-09-21
5000 DIAGEO CAPITAL PLC P 2013-03-26 2016-10-26
15000 DIAGEO CAPITAL PLC P 2013-12-05 2016-10-26
6197.431 DREYFUS/NEWTON INTERN EQTY-Y P 2015-04-21 2016-06-27
4806.742 DREYFUS/NEWTON INTERN EQTY-Y P 2014-03-20 2016-11-28
656.245 DREYFUS/NEWTON INTERN EQTY-Y P 2013-12-26 2016-11-28
12066.83 DREYFUS/NEWTON INTERN EQTY-Y P 2015-04-21 2016-11-28
22 FACEBOOK INC P 2015-05-14 2016-02-03
10 FACEBOOK INC P 2015-08-19 2016-02-03
68 FACEBOOK INC P 2015-05-14 2016-05-05
10 FACEBOOK INC P 2015-05-14 2016-07-11
9 FACEBOOK INC P 2015-05-14 2016-08-01
29 FACEBOOK INC P 2015-05-14 2016-08-15
10000 FORD MOTOR CREDIT CO 3.0% 6/12/17 P 2012-06-07 2016-05-19
25000 FORD MOTOR CREDIT CO 3.0% 6/12/17 P 2013-11-14 2016-05-19
15000 GLAXOSMITHKLINE CAP INC P 2013-11-15 2016-06-14
30 INTERCONTINENTALEXCHANGE GRO P 2013-08-02 2016-05-05
5000 MORGAN STANLEY 4.875% 11/01/22 P 2013-01-04 2016-03-10
2024.757 ASG MANAGED FUTURES STRAT-Y P 2014-10-31 2016-11-28
2187.755 ASG MANAGED FUTURES STRAT-Y P 2014-12-26 2016-11-28
6463.081 ASG MANAGED FUTURES STRAT-Y P 2015-12-01 2016-11-28
2642.924 ASG MANAGED FUTURES STRAT-Y P 2016-06-21 2016-11-28
10000 NEW JERSEY ST ECON DEV AUTH RE P 2014-04-24 2016-06-15
30000 QUALCOMM INC 2.25% 5/20/20 P 2015-05-13 2016-05-25
5000 COOPERATIEVE CENTRALE RAIFFEIS P 2014-04-09 2016-04-04
35000 COOPERATIEVE CENTRALE RAIFFEIS P 2014-04-08 2016-04-04
10 SALESFORCE COM INC P 2014-06-17 2016-05-05
90 SALESFORCE COM INC P 2010-06-21 2016-05-05
20 SALESFORCE COM INC P 2010-06-21 2016-06-28
20 SALESFORCE COM INC P 2010-06-21 2016-07-11
20 SALESFORCE COM INC P 2016-08-18 2016-10-17
30 SALESFORCE COM INC P 2010-06-21 2016-10-20
160 SALESFORCE COM INC P 2010-06-23 2016-10-20
100 SERVICENOW INC P 2014-09-03 2016-04-06
120 SERVICENOW INC P 2014-09-02 2016-04-06
10 SERVICENOW INC P 2015-09-16 2016-04-06
20 SERVICENOW INC P 2015-08-19 2016-04-06
10000 TEVA PHARMA FIN IV LL 2.25% 3/18/20 P 2014-01-06 2016-09-12
15000 TEVA PHARMA FIN IV LL 2.25% 3/18/20 P 2014-01-06 2016-10-06
33 3M CO P 2015-08-25 2016-05-05
30 VALERO ENERGY CORP NEW P 2011-03-24 2016-05-05
30 VALERO ENERGY CORP NEW P 2014-02-06 2016-05-05
14 ALLERGAN PLC P 2015-11-06 2016-05-05
140 EATON CORP PLC P 2012-11-30 2016-05-05
150 INVESCO LTD P 2009-04-22 2016-05-05
10 INVESCO LTD P 2012-08-02 2016-05-05
60 INVESCO LTD P 2009-05-07 2016-05-05
70 NXP SEMICONDUCTORS N V P 2016-05-03 2016-10-27
70 NXP SEMICONDUCTORS N V P 2016-05-05 2016-10-27
20 NXP SEMICONDUCTORS N V P 2016-06-28 2016-10-27
30 NXP SEMICONDUCTORS N V P 2016-07-11 2016-10-27
20 NXP SEMICONDUCTORS N V P 2016-07-22 2016-10-27
33 BROADCOM LTD. P 2013-10-10 2016-05-05
6 BROADCOM LTD. P 2016-02-03 2016-05-05
62 Allergan PLC P 2015-01-01 2016-11-28
250 Marathon Petroleum Corp P 2015-01-01 2016-11-28
Capital Gain Dividends      
(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 7,905   5,734 2,171
b 263,995   225,107 38,888
c 11,194   10,583 611
d 5,597   5,345 252
e 3,849   2,952 897
71,151   55,366 15,785
77,878   65,208 12,670
17,351   15,269 2,082
12,271   12,800 -529
2,693   2,413 280
3,810   4,169 -359
13,068   6,895 6,173
14,014   15,907 -1,893
4,145   3,860 285
36,800   39,347 -2,547
42,600   33,349 9,251
21,600   17,482 4,118
406   387 19
2,438   2,284 154
406   300 106
905   601 304
6,544   3,748 2,796
5,609   3,606 2,003
6,591   6,226 365
14,472   14,112 360
4,757   4,369 388
116   103 13
4,781   4,304 477
2,017   1,807 210
2,698   2,400 298
3,597   3,212 385
4,547   4,655 -108
10,716   12,412 -1,696
6,478   5,733 745
285   365 -80
2,564   2,758 -194
1,558   1,749 -191
779   919 -140
11,330   12,826 -1,496
11,943   7,768 4,175
2,980   2,538 442
3,973   3,330 643
30,147   30,320 -173
10,035   9,994 41
15,052   14,985 67
2,792   2,857 -65
56   55 1
6   5 1
2,553   2,597 -44
8,324   7,552 772
4,468   4,550 -82
14,949   15,056 -107
9,966   9,992 -26
9,964   9,971 -7
4,982   4,996 -14
5,329   5,790 -461
15,611   15,813 -202
10,408   11,575 -1,167
20,056   19,982 74
7,900   8,339 -439
86,400   110,166 -23,766
17,129   19,400 -2,271
62,456   73,843 -11,387
157,317   178,611 -21,294
11,934   5,876 6,058
30,632   29,983 649
7,701   7,999 -298
8,031   7,997 34
6,571   6,544 27
35,719   34,733 986
5,492   4,787 705
1,883   1,596 287
2,027   1,596 431
3,355   2,659 696
2,009   1,596 413
3,802   2,991 811
40,977   40,465 512
5,013   5,070 -57
15,040   15,088 -48
106,100   127,109 -21,009
83,974   94,600 -10,626
11,465   13,158 -1,693
210,808   247,491 -36,683
2,451   1,784 667
1,114   950 164
8,023   5,514 2,509
1,181   811 370
1,110   730 380
3,593   2,352 1,241
10,146   9,999 147
25,366   26,058 -692
16,279   17,466 -1,187
7,769   5,620 2,149
5,276   5,159 117
19,822   22,900 -3,078
21,418   26,800 -5,382
63,274   70,900 -7,626
25,874   28,200 -2,326
10,000   10,000  
30,537   29,976 561
5,029   4,983 46
35,200   34,919 281
741   558 183
6,668   2,174 4,494
1,541   483 1,058
1,627   483 1,144
1,459   1,539 -80
2,177   725 1,452
11,609   3,708 7,901
6,349   6,272 77
7,619   7,484 135
635   738 -103
1,270   1,515 -245
10,090   9,754 336
15,124   14,635 489
5,525   4,639 886
1,691   790 901
1,691   1,415 276
2,990   4,317 -1,327
8,555   6,562 1,993
4,469   2,325 2,144
298   217 81
1,787   1,003 784
6,945   5,969 976
6,945   6,014 931
1,984   1,537 447
2,976   2,415 561
1,984   1,687 297
4,745   1,430 3,315
863   792 71
11,860   16,930 -5,070
12,014   14,046 -2,032
      264,282
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       2,171
b       38,888
c       611
d       252
e       897
      15,785
      12,670
      2,082
      -529
      280
      -359
      6,173
      -1,893
      285
      -2,547
      9,251
      4,118
      19
      154
      106
      304
      2,796
      2,003
      365
      360
      388
      13
      477
      210
      298
      385
      -108
      -1,696
      745
      -80
      -194
      -191
      -140
      -1,496
      4,175
      442
      643
      -173
      41
      67
      -65
      1
      1
      -44
      772
      -82
      -107
      -26
      -7
      -14
      -461
      -202
      -1,167
      74
      -439
      -23,766
      -2,271
      -11,387
      -21,294
      6,058
      649
      -298
      34
      27
      986
      705
      287
      431
      696
      413
      811
      512
      -57
      -48
      -21,009
      -10,626
      -1,693
      -36,683
      667
      164
      2,509
      370
      380
      1,241
      147
      -692
      -1,187
      2,149
      117
      -3,078
      -5,382
      -7,626
      -2,326
       
      561
      46
      281
      183
      4,494
      1,058
      1,144
      -80
      1,452
      7,901
      77
      135
      -103
      -245
      336
      489
      886
      901
      276
      -1,327
      1,993
      2,144
      81
      784
      976
      931
      447
      561
      297
      3,315
      71
      -5,070
      -2,032
       
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 2 253,457
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 -1,575
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 405,514 8,863,535 0.04575
2013 577,745 9,047,663 0.06386
2012 542,244 8,210,868 0.06604
2011 538,182 7,876,448 0.06833
2010 503,903 8,511,081 0.05921
2
Total of line 1, column (d) .....................
20.303181
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
0.060636
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
8,326,448
5
Multiply line 4 by line 3......................
5
504,883
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
3,881
7
Add lines 5 and 6........................
7
508,764
8
Enter qualifying distributions from Part XII, line 4.............
8
535,348
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 3,881
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 3,881
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 3,881
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 8,720
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 8,720
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 4,839
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet4,839 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
No
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletFL
    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 addressbulletN/A
    14
    The books are in care ofbulletBarbara Ortiz Telephone no.bullet (352) 873-0848

    Located atbullet8435 SW 80th Street Ste 2OcalaFL ZIP+4bullet34481
    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
     
    No
    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
     
    No
    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
     
    No
    .........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
     
    No
    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
    Ina A Colen President/Dir
    2.00     		0    
    8435 SW 80th Street Ste 2
    Ocala,FL34481
    Kenneth D Colen Vice Pres/Dir
    3.00     		0    
    8435 SW 80th Street Ste 2
    Ocala,FL34481
    Robert Colen Asst Sec/Dir
    0.00     		0    
    8435 SW 80th Street Ste 2
    Ocala,FL34481
    Gerald R Colen Treas/Sec/Dir
    0.00     		0    
    8435 SW 80th Street Ste 2
    Ocala,FL34481
    Leslee R Colen Asst Sec/Dir
    0.00     		0    
    8435 SW 80th Street Ste 2
    Ocala,FL34481
    Barbara Ortiz Asst Sec
    4.00     		0    
    8435 SW 80th Street Ste 2
    Ocala,FL34481
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    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
    8,606,648
    b
    Average of monthly cash balances.......................
    1b
    64,998
    c
    Fair market value of all other assets (see instructions)................
    1c
    4,802
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,676,448
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    8,676,448
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) Click to see attachment.............................
    4
    350,000
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,326,448
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    416,322
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    416,322
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    3,881
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,881
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    412,441
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    412,441
    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
    412,441
    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
    535,348
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    535,348
    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
    3,881
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    531,467
    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 7 412,441
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 36,795
    b From 2011...... 147,898
    c From 2012...... 140,911
    d From 2013...... 135,892
    e From 2014......  
    fTotal of lines 3a through e........ 461,496
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 535,348
    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)........     		0
    d Applied to 2015 distributable amount..... 412,441
    e Remaining amount distributed out of corpus 122,907
    5 Excess distributions carryover applied to 2015.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 584,403
    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) ...     		36,795
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		547,608
    10 Analysis of line 9:
    a Excess from 2011.... 147,898
    b Excess from 2012.... 140,911
    c Excess from 2013.... 135,892
    d Excess from 2014....  
    e Excess from 2015.... 122,907
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    Barbara Ortiz
    8435 SW 80th Street Suite 2
    Ocala,FL34481
    (352) 873-0848
    bThe form in which applications should be submitted and information and materials they should include:
    The Foundation has an "Application for Grant" form to be completed by all 501(C)(3) applicants. A copy of the application is attached. In addition, the Foundation, through its Board of Directors, has established certain procedures to be followed in evaluating potential beneficiaries of its remainder interest program.The Board of Directors of The Colen Foundation, Inc. evaluates potential beneficiaries prior to approval of their participation in its rental or remainder interest program. The procedures set forth below are to be followed in evaluating each beneficiary:1. Advise the senior citizen to seek independent legal counsel and independent financial advice.2. Determine that the senior citizen has no more than a moderate income or low income that provides insufficient cash for daily living expenses.3. Determine that the market value of the senior citizen's home is in a moderate price range (in the case of the remainder interest program).4. Consult with the senior citizen's relatives
    cAny submission deadlines:
    None
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    The Foundation makes grants to qualified charities and provides assistance to the charitable class of the aged to enable members of the class to maintain a modest standard of living in their communities during their declining years.
    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
    US HOLOCAUST MUSEUM
    100 Rauol Wallenberg Place SW
    WASHINGTON,DC20024     		N/A 501(c)3 Charitable Contribution 1,000
    Ocala Symphony Orchestra
    820 SE Fort King Street
    OCALA,FL34471     		N/A 501(c)3 Charitable Contribution 10,000
    Memorial Sloan-Kettering Cancer Inst
    1275 York Avenue
    New York,NY10065     		N/A 501(c)3 Charitable Contribution 1,000
    Arc Tampa Bay Foundation
    1501 N Blecher Rd Ste 244
    Clearwater,FL33765     		N/A 501(c)3 Charitable Contribution 1,000
    WEDU
    1300 North Boulevard
    Tampa,FL33607     		N/A 501(c)3 Charitable Contribution 1,000
    Friends of Yad Lakashish
    PO Box 494
    Englewood,NJ07631     		N/A 501(c)3 Charitable Contribution 7,500
    Horiticultural Arts & Park Inst Inc
    8445 SW 80TH ST
    Ocala,FL34481     		N/A 501(c)3 Charitable Contribution 40,000
    WUSF Public Media fbo TV
    4202 East Fowler Ave TVB100
    Tampa,FL33620     		N/A 501(c)3 Charitable Contribution 2,000
    WUSF Public Media fbo 897
    4202 East Fowler Ave TVB100
    Tampa,FL33620     		N/A 501(c)3 Charitable Contribution 2,000
    American Jewish University
    15600 Mulholland Dr
    BelAir,CA90077     		N/A 501(c)3 Charitable Contribution 1,000
    Canine Companions for Independence
    PO Box 680388
    Orlando,FL32868     		N/A 501(c)3 Charitable Contribution 1,000
    Florida Orchestra Inc
    244 Second Ave N Suite 420
    St Petersburg,FL33701     		N/A 501(c)3 Charitable Contribution 25,000
    Tampa Bay Preforming Arts Center Inc
    PO Box 518
    Tampa,FL33601     		N/A 501(c)3 Charitable Contribution 15,000
    The Jewish Federations of N America Inc
    25 Broadway Ste 1700
    New York,NY10004     		N/A 501(c)3 Charitable Contribution 10,000
    New Israel Fund
    6 East 39th Street Suite 301
    New York,NY10014     		N/A 501(c)3 Charitable Contribution 25,000
    Israel Guide Dog Center for the Blind
    968 easton Rd Ste H
    Warrington,PA18976     		N/A 501(c)3 Charitable Contribution 1,000
    Ruth Eckerd Hall Inc
    1111 McMullen Booth Road
    Clearwater,FL33756     		N/A 501(c)3 Charitable Contribution 25,000
    Congregation Bnai Israel of St Pete
    300 58th Street North
    St Petersburg,FL33710     		N/A 501(c)3 Charitable Contribution 5,000
    Temple Beth Shalom
    1109 NE 8TH Avenue
    Ocala,FL34470     		N/A 501(c)3 Charitable Contribution 36,345
    Catholic Charities Bureau Inc
    134 East Church Street
    Jacksonville,FL32202     		N/A 501(c)3 Charitable Contribution 5,000
    Hillels of the Florida Suncoast
    PO Box 290756
    Tampa,FL33687     		N/A 501(c)3 Charitable Contribution 15,000
    The VOICExperience Foundation
    PO Box 1576
    Palm Harbor,FL34682     		N/A 501(c)3 Charitable Contribution 17,500
    Outreach Autism Services Network Inc
    2801 SW College Road 12
    Ocala,FL34474     		N/A 501(c)3 Charitable Contribution 15,000
    Florida Inst for Human Machine Cognition
    15 SE Osceola Avenue
    Ocala,FL34471     		N/A 501(c)3 Charitable Contribution 5,000
    College of Central Florida Foundati
    4333 E Silver Springs Blvd
    Ocala,FL34470     		N/A 501(c)3 Charitable Contribution 5,000
    National Disaster Search Dog Founda
    501 East Ojai Avenue
    Ojai,CA93023     		N/A 501(c)3 Charitable Contribution 10,000
    American Society for Yad Vashem
    500 Fifth Ave 42nd Floor
    New York,NY10110     		N/A 501(c)(3) Charitable Contribution 1,000
    CITRUS YOUTH EDUC SYMPHONIC ORCHEST
    7330 WEST GOLF CLUB ST
    CRYSTAL RIVER,FL34429     		N/A 501(c)3 CHARITABLE CONTRIBUTION 1,000
    FLORIDA CENTER FOR THE BLIND
    1411 NE 22nd Avenue
    OCALA,FL34470     		N/A 501(c)3 CHARITABLE CONTRIBUTION 2,500
    CONGREGATION BETH SHALOM OF GULFPOR
    1844 54TH STREET S
    GULFPORT,FL33707     		N/A 501(c)3 CHARITABLE CONTRIBUTION 67,600
    FOUNDATION TO ADVANCE INTERFAITH TR
    8413 CASA DEL LAGO
    BOCA RATON,FL33433     		N/A 501(c)3 CHARITABLE CONTRIBUTION 10,000
    MARION COUNTY CHILDREN'S ALLIANCE
    3482 NW 10TH ST
    OCALA,FL34475     		N/A 501(c)3 CHARITABLE CONTRIBUTION 2,500
    American Friends of Beit Ruth Inc
    315 West 70th Street 7F
    New York,NY10023     		N/A 501(c)3 CHARITABLE CONTRIBUTION 5,000
    FREEDOM CLINIC USA INC
    1740 SE 18 STREET SUITE 901
    OCALA,FL34471     		N/A 501(C)3 CHARITABLE CONTRIBUTION 15,315
    Public Education Found of Marion Co
    1236 NW 4th Street
    Ocala,FL34475     		N/A 501(c)3 Charitable Contribution 6,000
    Ocala OTOW Lions Club Charities Fou
    P O Box 772733
    Ocala,FL34477     		N/A 501(c)(3) Charitable Contribution 4,000
    Gulf Coast Jewish Family Community
    14041 Icot Boulevard
    Clearwater,FL33760     		N/A 501(c)(3) Charitable Contribution 25,000
    Project Hope of Marion County Inc
    820 NE 28th St Unit 201
    Ocala,FL34470     		N/A 501(c)(3) Charitable Contribution 30,000
    Moment Mag Center for Creative Chan
    4115 Wisconsin Ave NW Suite LL10
    Washington,DC20016     		N/A 501(c)(3) Charitable Contribution 23,600
    Marion County Sheriff's Office Foun
    P O Box 1987
    Ocala,FL34478     		N/A 501(c)(3) Charitable Contribution 4,500
    Canine Assisted Therapy Inc
    1040 NE 45th Street
    Oakland Park,FL33334     		N/A 501(c)(3) Charitable Contribution 1,000
    Marion Cultural Alliance Inc
    23 SW Broadway Street
    Ocala,FL34471     		N/A 501(c)(3) Charitable Contribution 2,000
    The Centers Inc
    5664 SW 60th Avenue
    Ocala,FL34474     		N/A 501(c)(3) Charitable Contribution 20,000
    Total .................................bullet 3a 503,360
    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 ...........     		    14 28  
    4 Dividends and interest from securities....     14 151,730  
    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 ............     		    18 260,559 -7,102
    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)..   412,317 -7,102
    13Total. Add line 12, columns (b), (d), and (e)..................
    13405,215
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID: 15000324
    Software Version: 2015v3.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    The Colen Foundation Inc
    EIN:
    59-2474711
    Software ID:
    15000324
    Software Version:
    2015v3.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 3,175 318 0 2,857

    TY 2015 CashDeemedCharitableExplnStmt
    Name:
    The Colen Foundation Inc
    EIN:
    59-2474711
    Software ID:
    15000324
    Software Version:
    2015v3.0
    Explanation:
    The Colen Foundation ("Foundation") submits for the reasons set forth below that cash balances greater than an amount equal to 1-1/2% of its assets of the type described in Treasury Regulation section 53.4942(a)-2(c)(3)(i) are necessary for payment of its anticipated expenses and charitable disbursements, within the meaning of Treasury Regulation section 53 .4942(a)-2(c)(3)(iv).During the past five tax years, the Foundation has distributed a total of $2,610,672 for an average of in excess of approximately $522,134 per year in qualifying charitable distributions, as follows:Tax Year Ended Distributions:11/30/16 $535,34811/30/15 $405,51411/30/14 $583,01011/30/13 $546,84911/30/12 $539,951The Foundation anticipates making qualifying distributions of at least $350,000 during the fiscal year ending November 30, 2017, and requires the cash deemed held for charitable purposes at its November 30, 2016 year end to accomplish this purpose.The officers and directors of the Foundation are not compe

    TY 2015 GeneralExplanationAttachment
    Name:
    The Colen Foundation Inc
    EIN:
    59-2474711
    Software ID:
    15000324
    Software Version:
    2015v3.0
    Identifier Return Reference Explanation
      General Explanation Supplemental Information for Form 990-PF The Colen Foundation, Inc.59-2474711Form 990-PF, November 30, 2016Part VIII, Line 1, - List of Officers, Directors, Trustees and Key EmployeesSupplemental Information to Statement 10The following officers/directors average less than 25 hours/year and as such have an average weekly number of hours less than .5 and are thus rounded down to none:Robert Colen - Average annual hours: 15Gerald R Colen - Average Annual Hours: 25Leslee R Colen - Average Annual Hours: 15

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    The Colen Foundation Inc
    EIN:
    59-2474711
    Software ID:
    15000324
    Software Version:
    2015v3.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    LEHMAN BROTHERS HOLDINGS 2/13/37 27,329 5,775
    LEHMAN BROTHERS HOLDINGS 3/27/37 13,703 3,068
    Lehman Brothers Holdings 12/28/37 26,938 5,900
    AT&T INC 3% 6/30/2022 34,350 34,348
    MORGAN STANLEY GLOBAL 4.875% 11/1/22 35,932 37,665
    ORACLE CORP 5.75% 4/15/18 29,894 29,709
    VERIZON COMMUNICATIONS 5.15% 9/15/2023 39,858 38,750
    Time Warner Inc 4% 1/15/22 41,245 41,497
    Dow Chemical Co 4.25% 11/9/10 9,215 9,530
    Anheuser-Bush INBEV 1.375% 7/15/2017 24,922 25,087
    DIAGEO CAPITAL PLC 1.5% 5/11/17 14,985 15,028
    FORD MOTOR CREDIT CO 3% 6/12/2017 35,719 34,943
    GRUPO TELEVISA SAB 6% 5/15/18 39,824 36,922
    HSBC FINANCE CORP 6.676% 1/15/2021 40,674 39,323
    NBC UNIVERSAL MEDIA 4.375% 4/1/2021 38,633 37,758
    DREYFUS SELECT MGER S/C GR-1 153,284 171,448
    DREYFUS SELECT MGERE S/C VL1 154,892 189,925
    AMGEN INC 34,054 32,340
    BANK OF AMERICA CORP DTD 5.42% 3/15/17 38,627 40,432
    A.B.B. FINANCE USA INC DTD 1.625% 5/8/17 30,956 30,345
    INTEL CORP DTD 2.70% 12/15/2022 25,100 25,215
    GLAXOSMITHKLINE CAP INC 15,878 15,850
    EMC CORP DTD 1.875% 6/1/18 29,995 29,561
    BOSTON PROPERTIES LP 32,034 31,683
    DR PEPPER SNAPPLE GROUP 2.6% 1/15/19 35,534 35,506
    ADOBE SYSTEMS INC 33,241 32,262
    GENERAL ELEC CAP CORP 5.3% 2/11/21 39,088 38,878
    JP MORGAN CHASE & CO 3.375% 5/1/2023 39,082 39,951
    RABOBANK NEDERLAND NY 1.7% 3/19/18 41,978 40,938
    GOLDMAN SACHS GROUP INC 4.25% 10/21/2025 34,904 35,520
    SIMON PROPERTY GROUP LP 2.2% 2/1/19 40,119 40,320
    CISCO SYSTEMS 2.125% 3/1/19 34,975 35,331
    CITIGROUP INC 2.5% 7/29/19 37,206 36,142
    CVS CAREMARK CORP 2.25% 8/12/19 31,052 30,413
    TEVA PHARMA FIN IV LLC 2.25% 3/18/2020 24,905 23,061
    TELEFONICA EMISIONES SAU 5.134% 4/27/20 37,237 37,433
    WAL-MART STORES INC 4.25% 4/15/21 27,101 27,127
    EBAY INC 2.6% 7/15/2022 32,780 33,817
    PETROLEOS MEXICANOS 4.875% 1/24/22 26,375 24,325
    WACHOVIA BANK NA 6% 11/15/2017 22,354 20,828
    BRITISH TELECOMMUNICATIONSPLC 5.95% 27,438 26,145
    ABBVIE INC DTD 1.8% 5/14/2015 25,140 24,509
    ENTERPRISE PRODUCTS OPER DTD 2.55% 20,026 20,188
    BARCLAYS PLC DTD 2.75% 11/8/2019 25,284 24,908
    SANTANDER HOLDINGS USA DTD 2.65% 4/17/20 24,907 24,596
    SCRIPPS NETWORKS INTERAC 2.8% 6/15/20 29,802 30,026
    ACTAVIS FUNDING SCS DTD 3.45% 3/15/22 30,002 30,433
    ARROW ELECTRONICS INC 25,081 24,839
    DEUTSCHE BANK AG 29,683 29,029
    AERCAP IRELAND CAP LTD 21,025 20,625
    KROGER CO 20,012 20,226
    CREDIT SUISSE GRP FDG GUERNS 25,132 25,007
    KIMCO REALTYCORP 25,182 25,395
    ESSEX PORTFOLIO 36,344 35,563
    ROYAL BANK OF CANADA 24,947 26,193
    LLOYDS BANKING GROUP PLC 25,679 24,900
    INTERCONTINENTALEXCHANGE GROUP, INC. 35,145 35,228
    DREYFUS OPPORTUNISTIC SMALL CAP FUND 182,700 186,270

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    The Colen Foundation Inc
    EIN:
    59-2474711
    Software ID:
    15000324
    Software Version:
    2015v3.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    INVESCO LTD 7,946 14,716
    Valero Energy Corp New 8,167 16,621
    BNY Mellon Income Stock Fund 899,548 1,268,917
    BNY Mellon Mid Cap Stock Fund 647,233 823,212
    EATON CORP PLC 9,842 13,967
    PEPSICO INC 10,470 15,516
    INTERCONTINENTALEXCHANGE GROUP, INC. 12,365 18,282
    DREYFUS LARGE CAP EQUITY FUND 1,133,516 1,558,259
    VIRTUS EMERGING MARKETS OPPORTUNITY 133,309 130,842
    COMCAST CORP CI A 9,031 11,817
    BNY MELLON MONEY MARKET FUND 731,581 731,581
    AMAZON.COM INC (AMZN) 11,434 15,011
    BANK OF AMERICA CORPORATION (BAC) 13,587 18,586
    CONSTELLATION BRANDS INC-A (STZ) 10,096 12,242
    DOW CHEMICAL CO (DOW) 12,475 14,487
    FACEBOOK INC (FB) 11,515 16,816
    HARTFORD FINL SVCS GROUP INC (HIG) 14,383 15,550
    HONEYWELL INTL INC (HON) 11,173 12,306
    ILLINOIS TOOL WKS INC (ITW) 9,731 13,019
    JOHNSON & JOHNSON (JNJ) 16,126 18,476
    PHILIP MORRIS INTERNATIONAL INC (PM) 12,487 13,242
    3M CO (MMM) 10,544 12,881
    DREYFUS MIDCAP INDEX FUND (PESPX) 193,500 194,781
    NABORS INDUSTRIES LTD 12,333 16,261
    BROADCOM LTD 5,332 20,970
    ADOBE SYSTEMS INC 13,785 14,702
    AGILENT TECHNOLOGIES 11,995 12,754
    ALPHABET INC 22,637 21,725
    ELECTRONIC ARTS INC 14,930 14,263
    NVIDIA CORP 13,529 18,440
    TIME WARNER INC 12,211 15,609
    UNITEDHEALTH GROUP INC 12,645 13,932
    VISA INC-CLASS A SHRS 14,316 14,691
    YUM! BRANDS INC 10,546 10,776
    DFA EMERGING MARKETS CORE EQUITY 123,900 136,713

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    The Colen Foundation Inc
    EIN:
    59-2474711
    Software ID:
    15000324
    Software Version:
    2015v3.0
    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:


    62,201
    State & Local Government Securities - End of Year Fair Market Value:


    61,980


    TY 2015 InvestmentsOtherSchedule2
    Name:
    The Colen Foundation Inc
    EIN:
    59-2474711
    Software ID:
    15000324
    Software Version:
    2015v3.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BNY Mellon International Fund CL M AT COST 329,102 320,610
    Dreyfus/Newton International Equity AT COST 236,040 221,901
    Dreyfus High Yield Fund AT COST 87,800 88,763
    Dreyfus Global Real Estate Securities AT COST 104,922 123,279
    ASG MANAGED FUTURES STRATEGY FUND AT COST 65,900 65,736
    ADVANTAGE DYNAMIC TOTAL RETURN FUND AT COST 211,000 217,323
    DREYFUS FLOATING RATE INCOME FUND AT COST 172,605 169,297

    TY 2015 LegalFeesSchedule
    Name:
    The Colen Foundation Inc
    EIN:
    59-2474711
    Software ID:
    15000324
    Software Version:
    2015v3.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal Fees 32,300 3,230 0 29,070


    TY 2015 OtherExpensesSchedule
    Name:
    The Colen Foundation Inc
    EIN:
    59-2474711
    Software ID:
    15000324
    Software Version:
    2015v3.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Annual State Filing Fee 61     61
    Insurance 900 900    
    Investment Fees 12,390 12,390    


    TY 2015 TaxesSchedule
    Name:
    The Colen Foundation Inc
    EIN:
    59-2474711
    Software ID:
    15000324
    Software Version:
    2015v3.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Excise tax 7,284      
    Real Estate Taxes 234 234