Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 11-01-2015 , and ending 10-31-2016
Name of foundation
ALFA FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)Po Box 11189
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Montgomery, AL36111
A Employer identification number

72-1373145
B Telephone number (see instructions)

(334) 288-3900
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$20,255,193J 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) 50
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 4,989 4,989  
4 Dividends and interest from securities... 451,870 451,870  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 810,805
b Gross sales price for all assets on line 6a 7,903,225
7 Capital gain net income (from Part IV, line 2)... 903,114
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).......   -166,125  
12 Total. Add lines 1 through 11........ 1,267,714 1,193,848 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 10,333 10,333 0 0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,408 0 0 0
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 attachment 1,296 1,296 0 0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 13,037 11,629 0 0
25 Contributions, gifts, grants paid....... 1,039,582 1,039,582
26 Total expenses and disbursements. Add lines 24 and 25 1,052,619 11,629 0 1,039,582
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 215,095
b Net investment income (if negative, enter -0-) 1,182,219
c Adjusted net income (if negative, enter -0-)... 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............. 176,068 127,513 127,516
2 Savings and temporary cash investments......... 1,202,593 2,565,387 2,565,387
3 Accounts receivable bullet589,742
Less: allowance for doubtful accounts bullet   202,336 589,742 589,742
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)....... 17,048,830 Click to see attachment15,575,834 16,969,000
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment17,102 Click to see attachment3,548 Click to see attachment3,548
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 18,646,929 18,862,024 20,255,193
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 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 18,646,929 18,862,024
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)..... 18,646,929 18,862,024
31 Total liabilities and net assets/fund balances (see instructions). 18,646,929 18,862,024
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
18,646,929
2
Enter amount from Part I, line 27a .....................
2
215,095
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
18,862,024
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
18,862,024
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 AIRLINE BKT ARN ISS CS MLTNC P 2016-08-26 2016-08-26
b ALPHABET INC CLASS C CAPITAL STOCK P 2016-07-01 2016-07-01
c BP AMOCO PLC-SPONS ADR P 2016-02-11 2016-02-17
d DELTA AIR LI P 2015-12-07 2015-12-10
e DELTA AIR LI P 2016-02-11 2016-02-17
ESTEE LAUDER COMPANIES P 2016-03-14 2016-03-17
ESTEE LAUDER COMPANIES P 2016-03-18 2016-03-23
GENERAL ELECTRIC COMPANY P 2016-03-02 2016-03-07
GENERAL ELECTRIC COMPANY P 2016-03-02 2016-03-07
GENERAL ELECTRIC COMPANY P 2016-03-02 2016-03-07
GENERAL ELECTRIC COMPANY P 2016-03-02 2016-03-07
Ingevity Corp P 2016-08-29 2016-09-01
JARDEN CORP P 2016-02-09 2016-02-10
KINDER MORGAN MANAGEMENT LLC P 2016-07-01 2016-07-01
MOSAIC CO P 2016-02-11 2016-02-17
PALO ALTO NETWOR P 2016-09-02 2016-09-08
PRICELINE COM INC P 2016-03-16 2016-03-21
ROYAL DUTCH SHELL PLC P 2016-03-16 2016-03-21
RUCKUS WIRELESS P 2016-04-04 2016-04-07
RUCKUS WIRELESS P 2016-04-04 2016-04-07
SP500 STEPUP ISSUER CS MLZFJ P 2016-02-26 2016-02-26
SPLUNK INC P 2016-08-15 2016-08-18
STARWOOD HOTELS&RESORTS WRLDWD P 2016-03-28 2016-03-31
STARWOOD HOTELS&RESORTS WRLDWD P 2016-03-28 2016-03-31
SXSE STEPUP ISS BARC MLHHQ P 2016-09-30 2016-09-30
UNDER ARMOUR INC P 2016-08-19 2016-08-24
VISA INC P 2015-11-11 2015-11-16
VISA INC P 2015-11-11 2015-11-16
WESTROCK CO P 2016-08-25 2016-08-30
Flowthrough from partnerships P    
(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 445,760   500,000 -54,240
b     1,037 -1,037
c 144,089   239,161 -95,072
d 281,531   234,738 46,793
e 42,810   48,145 -5,335
172,487   140,187 32,300
382,728   311,782 70,946
511,349   281,994 229,355
150,397   76,370 74,027
150,397   74,086 76,311
18,048   13,980 4,068
98,336   69,297 29,039
580,823   598,819 -17,996
      0
79,614   131,306 -51,692
214,690   198,935 15,755
497,320   403,336 93,984
302,942   448,415 -145,473
459,137   381,458 77,679
197,252   172,670 24,582
606,760   550,000 56,760
390,610   328,142 62,468
185,001   164,535 20,466
100,910   87,994 12,916
236,728   250,000 -13,272
224,125   195,209 28,916
175,395   115,717 59,678
558,076   368,141 189,935
695,910   706,966 -11,056
92,309     92,309
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       -54,240
b       -1,037
c       -95,072
d       46,793
e       -5,335
      32,300
      70,946
      229,355
      74,027
      76,311
      4,068
      29,039
      -17,996
      0
      -51,692
      15,755
      93,984
      -145,473
      77,679
      24,582
      56,760
      62,468
      20,466
      12,916
      -13,272
      28,916
      59,678
      189,935
      -11,056
      92,309
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 2 903,114
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 3 903,114
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 911,941 21,473,800 0.042468
2013 892,805 20,105,993 0.044405
2012 412,900 17,414,701 0.023710
2011 578,500 15,558,643 0.037182
2010 765,000 15,271,572 0.050093
2
Total of line 1, column (d) .....................
20.197858
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
0.039572
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
20,149,132
5
Multiply line 4 by line 3......................
5
797,341
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
11,822
7
Add lines 5 and 6........................
7
809,163
8
Enter qualifying distributions from Part XII, line 4.............
8
1,039,582
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 11,822
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 0
3 Add lines 1 and 2........................... 3 11,822
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 11,822
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 23,896
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 23,896
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 12,074
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet12,074 RefundedBullet 11 0
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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)
    bulletAL
    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 ofbulletJEFFREY NICKLES Telephone no.bullet (334) 288-3900

    Located atbullet2108 E South BlvdMontgomeryAL ZIP+4bullet36116
    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
     
    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
     
     
    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
    JAMES L PARNELL PRESIDENT
    1.00     		0 0 0
    2108 EAST SOUTH BLVD
    MONTGOMERY,AL36116
    STEPHEN G RUTLEDGE TREASURER
    1.00     		0 0 0
    2108 EAST SOUTH BLVD
    MONTGOMERY,AL36116
    ANGELA L BRADWELL SECRETARY
    1.00     		0 0 0
    2108 EAST SOUTH BLVD
    MONTGOMERY,AL36116
    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 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    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.........................bullet0
    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
    17,796,850
    b
    Average of monthly cash balances.......................
    1b
    2,296,175
    c
    Fair market value of all other assets (see instructions)................
    1c
    362,947
    d
    Total (add lines 1a, b, and c).........................
    1d
    20,455,972
    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
    0
    3
    Subtract line 2 from line 1d.........................
    3
    20,455,972
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    306,840
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    20,149,132
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,007,457
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    1,007,457
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    11,822
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
    3,930
    c
    Add lines 2a and 2b............................
    2c
    15,752
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    991,705
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    991,705
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    991,705
    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
    1,039,582
    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
     
    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
    1,039,582
    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
    11,822
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,027,760
    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 7 991,705
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 19,683
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 1,039,582
    a Applied to 2014, but not more than line 2a 19,683
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 991,705
    e Remaining amount distributed out of corpus 28,194
    5 Excess distributions carryover applied to 2015. 0 0
    (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 28,194
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		28,194
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015.... 28,194
    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:
    Wendy Golson
    2108 East South Blvd
    MONTGOMERY,AL36116
    (334) 288-3900
    bThe form in which applications should be submitted and information and materials they should include:
    SEE ATTACHED STATEMENT - DURING THE FISCAL YEAR, THE ALFA FOUNDATION MAINTAINED A SCHOLARSHIP PROGRAM UNDER WHICH IT WILL ANNUALLY AWARD 100 SCHOLARSHIPS OF $1,000 EACH. TO APPLY, ONE MUST BE A MEMBER OF THE ALABAMA FARMER'S FEDERATION (AN AFFILIATE OF THE FOUNDATION'S SPONSORING ORGANIZATION, ALFA MUTUAL INSURANCE COMPANY) AND BE ENROLLED (OR ABOUT TO BE ENROLLED) AS A STUDENT IN AN ALABAMA POSTSECONDARY INSTITUTION. EMPLOYEES OF THE SPONSORING ORGANIZATION AND THEIR CHILDREN ARE ELIGIBLE, SUBJECT TO ALL IRS REGULATIONS. FORM 8940, REQUEST FOR MISCELLANEOUS DETERMINATION, WAS SUBMITTED TO THE IRS AND APPROVAL OF THE PROGRAM WAS OBTAINED IN JANUARY 2015.
    cAny submission deadlines:
    NO SPECIFIC REQUIREMENTS
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NON-PROFIT 501 (C) ORGANIZATIONS, NOT PRIVATE FOUNDATIONS
    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
    AGAPE OF CENTRAL ALABAMA
    PO BOX 230472
    MONTGOMERY,AL36123     		    public charity 2,500
    Alabama 4-H Foundation Inc
    227 DUNCAN DR
    AUBURN,AL36849     		    public charity 10,000
    Alabama A&M University
    PO BOX 967
    NORMAL,AL35762     		    public charity 1,000
    Alabama Farmers Agriculture Foundation
    PO BOX 11000
    MONTGOMERY,AL36191     		    public charity 250,000
    Alabama Forestry Foundation
    555 ALABAMA ST
    MONTGOMERY,AL36104     		    public charity 12,500
    Alabama Humanities Foundation
    1100 IRELAND WAY STE 202
    BIRMINGHAM,AL35205     		    public charity 1,000
    Alabama Music Hall of Fame Foundation
    617 HWY 72 W
    TUSCUMBIA,AL35674     		    public charity 2,500
    Alabama PALS
    340 N HULL ST
    MONTGOMERY,AL36104     		    public charity 20,000
    Alabama Policy Institute
    402 OFFICE PARK DR STE 300
    BIRMINGHAM,AL35223     		    public charity 15,000
    Alabama Shakespeare Festival Inc
    ONE FESTIVAL DR
    MONTGOMERY,AL36117     		    public charity 25,000
    Alabama Treasure Forest Association
    PO BOX 11000
    MONTGOMERY,AL36191     		    public charity 10,895
    Alzheimer's Resource Center Inc
    PO BOX 1170
    DOTHAN,AL36302     		    public charity 1,000
    American Cancer Society
    3054 MCGEHEE RD
    MONTGOMERY,AL36111     		    public charity 75,000
    American Farm Bureau Foundation for Agriculture
    600 MARYLAND AVE SW STE 1000W
    WASHINGTON,DC20024     		    public charity 2,500
    American Heart Association
    1449 MEDICAL PARK DR
    BIRMINGHAM,AL35213     		    public charity 2,500
    Arthritis Foundation
    PO BOX 242414
    MONTGOMERY,AL36124     		    public charity 2,000
    Arts Revive
    PO BOX 2548
    SELMA,AL36702     		    public charity 2,500
    Auburn University Foundation
    317 S COLLEGE ST
    AUBURN,AL36849     		    public charity 26,200
    Auburn University School of Forestry and Wildlife Science
    3301 FORESTRY AND WILDLIFE SCIENCES
    BUILDING
    AUBURN,AL36849     		    public charity 1,000
    Autism2Ability
    164 ST FRANCIS ST
    MOBILE,AL36602     		    public charity 2,500
    Birmingham Education Foundation
    PO BOX 1470
    BIRMINGHAM,AL35201     		    public charity 2,000
    Bridges of Faith International Children's Fund
    302 CO RD 3838
    BILLINGSLEY,AL36006     		    public charity 1,000
    Burritt on the Mountain
    3101 BURRITT DR
    HUNTSVILLE,AL35801     		    public charity 500
    Business Education Alliance
    PO BOX 38
    MONTGOMERY,AL36101     		    public charity 50,000
    Butterfly Bridge Children's Advocacy Center Inc
    PO BOX 588
    CLANTON,AL35046     		    public charity 10,000
    Camille Place
    PO BOX 1217
    MONROEVILLE,AL36461     		    public charity 5,000
    Camp Ryne--YMCA Camp Chandler
    PO BOX 2336
    MONTGOMERY,AL36102     		    public charity 1,500
    Capri Community Film Society
    1045 E FAIRVIEW AVE
    MONTGOMERY,AL36106     		    public charity 1,000
    Catholic Social Services
    4455 NARROW LANE RD
    MONTGOMERY,AL36116     		    public charity 1,000
    Central Alabama Community Foundation
    35 S COURT ST
    MONTGOMERY,AL36104     		    public charity 1,000
    Children's Harbor
    1 OUR CHILDRENS HWY
    ALEXANDER CITY,AL35010     		    public charity 15,000
    Children's Hospital of Alabama
    PO BOX 6209
    MONTGOMERY,AL36106     		    public charity 1,500
    Compassion 21
    PO BOX 156
    MONTGOMERY,AL36106     		    public charity 2,500
    Dawn House Inc
    PO BOX 1446
    BAY MINETTE,AL36507     		    public charity 500
    Dream Court Inc
    3027 CLOVERDALE RD
    MONTGOMERY,AL36106     		    public charity 500
    Eagle Forum of Alabama Education Foundation
    4200 STONE RIVER CIR
    birMINGHAM,AL35213     		    public charity 2,500
    Family Guidance Center
    2358 FAIRLANE DR
    MONTGOMERY,AL36116     		    public charity 1,000
    Family Promise of Montgomery
    PO BOX 36
    MONTGOMERY,AL36101     		    public charity 1,500
    Friends of the Playhouse
    960 CLOVERDALE RD
    MONTGOMERY,AL36106     		    public charity 2,000
    Greensboro Opera House Inc
    1110 MAIN ST
    GREENSBORO,AL36744     		    public charity 5,000
    Hands of Christ Ministry Center
    3000 LOWER WETUMPKA RD
    MONTGOMERY,AL36110     		    public charity 5,000
    Harvest Time Ministries
    4 CHARLES WEST BLVD
    CLAYTON,AL36016     		    public charity 2,500
    Heart Gallery Alabama
    716 37TH ST
    BIRMINGHAM,AL35222     		    public charity 250
    Honoring Angels Like Owen Inc (HALO)
    101 LOCH RIDGE
    WETUMPKA,AL36092     		    public charity 5,000
    Hospice of Montgomery
    1111 HOLLOWAY PARK
    MONTGOMERY,AL36117     		    public charity 1,000
    Hudson-Alpha
    601 GENOME WAY
    HUNTSVILLE,AL35806     		    public charity 20,000
    Impact Alabama--Save First
    1901 6TH AVE N 2400
    BIRMINGHAM,AL35203     		    public charity 2,750
    Iron Man Outdoor Ministries
    6449 NORMAN BRIDGE RD
    MONTGOMERY,AL36105     		    public charity 1,000
    Isabel Anderson Comer Museum and Arts Cente
    PO BOX 245
    SYLACAUGA,AL35150     		    public charity 1,000
    Jackson Hospital Foundation
    1725 PINE ST
    MONTGOMERY,AL36106     		    public charity 2,500
    Jesse Owens Runners Club Inc
    13200 COURT ST
    MOULTON,AL35650     		    public charity 1,000
    Jimmy Rane Fundation
    PO BOX 40
    abbeville,AL36310     		    public charity 5,000
    Liberty Learning Foundation
    1015 AIRPORT RD STE 101
    HUNTSVILLE,AL35802     		    public charity 33,600
    Louisiana Farm Bureau Foundation Inc
    PO BOX 95005
    BATON ROUGE,LA70895     		    public charity 5,000
    Lutzie 43 Foundation
    2840 LANDING WAY
    MARIETTA,GA30066     		    public charity 2,000
    MMS Charities
    8650 MINNIE BROWN RD STE 100B
    MONTGOMERY,AL36117     		    public charity 10,000
    Montgomery Area Council on Aging
    115 EAST JEFFERSON ST
    MONTGOMERY,AL36104     		    public charity 590
    Montgomery Area Down Syndrome Outreach Group Inc
    136 SPEARS CROSSING
    MILLBROOK,AL36054     		    public charity 2,500
    Montgomery Chorale
    315 CLANTON AVE
    MONTGOMERY,AL36104     		    public charity 5,000
    Montgomery Dragon Boat Race & Festival Inc
    35 S COURT ST
    MONTGOMERY,AL36104     		    public charity 2,500
    Montgomery YMCA
    PO BOX 2336
    MONTGOMERY,AL36102     		    public charity 4,000
    Montgomery Zoological Society
    2301 COLISEUM PKWY
    MONTGOMERY,AL36110     		    public charity 10,000
    Muscular Dystrophy Association
    7011 FULTON CT
    MONTGOMERY,AL36117     		    public charity 2,000
    National Multiple Sclerosis Society
    813 SHADES CREEK PKWY 100B
    BIRMINGHAM,AL35209     		    public charity 500
    Pilots for Christ
    PO BOX 707
    MONROEVILLE,AL36461     		    public charity 10,000
    River Region United Way
    PO BOX 868
    MONTGOMERY,AL36101     		    public charity 160,000
    Ronald McDonald House Charities of Mobile
    1626 SPRING HILL AVE
    MOBILE,AL36604     		    public charity 1,000
    Sav-A-Life
    380 MENDEL PKWY
    MONTGOMERY,AL36117     		    public charity 500
    Scholarship America
    PO BOX 240
    ST PETER,MN56082     		    public charity 119,647
    Special Olympics Alabama
    PO BOX 1087
    MONTGOMERY,AL36101     		    public charity 2,000
    Take Back Our Republic
    246 E GLENN AVE
    AUBURN,AL36830     		    public charity 5,000
    Talladega College
    627 W BATTLE ST
    TALLADEGA,AL35160     		    public charity 2,000
    Taste of the South
    PO BOX 2826
    WASHINGTON,DC20013     		    public charity 500
    Teach for America
    5529 1ST AVE S STE 3
    BIRMINGHAM,AL35212     		    public charity 20,000
    The Exceptional Foundation
    PO BOX 1267
    FAIRHOPE,AL36533     		    public charity 5,000
    The Family Sunshine Center
    PO BOX 5160
    MONTGOMERY,AL36103     		    public charity 2,500
    The Friendship Mission
    312 CHISOLM ST
    MONTGOMERY,AL36110     		    public charity 2,500
    The Love Center Inc
    PO BOX 1013
    GADSDEN,AL35902     		    public charity 1,000
    Troy University Foundation
    BIBB GRAVES HALL
    TROY,AL36082     		    public charity 150
    Vestavia Hills City Schools Foundation
    PO BOX 660483
    VESTAVIA HILLS,AL35266     		    public charity 5,000
    VOICES for Alabama
    PO BOX 4576
    MONTGOMERY,AL36103     		    public charity 2,000
    West Alabama Children's Advocacy Center
    PO BOX 685
    VERNON,AL35592     		    public charity 2,500
    Women In Touch
    PO BOX 4192
    MONTGOMERY,AL36103     		    public charity 2,000
    Wounded Warrior Project
    PO BOX 758517
    TOPEKA,KS66675     		    public charity 1,000
    Total .................................bullet 3a 1,039,582
    bApproved for future payment
    Total .................................bullet 3b 0
    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 4,989  
    4 Dividends and interest from securities....     14 451,870  
    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 ............     		    18 810,805  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 1,267,664 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,267,664
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    ALFA FOUNDATION
    EIN:
    72-1373145
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ALPHABET INC. CLASS A 378,894 534,534
    ALPHABET INC. CLASS C 376,661 518,583
    APPLE COMPUTER 356,122 1,192,170
    BANK AMER CORP MLZRX 400,000 428,840
    BANK OF AMERICA CORP 413,478 412,500
    BARCLAYS BK PLC 500,000 524,000
    BE AEROSPACE INC 690,239 714,240
    BIOGEN IDEC INC 219,784 196,126
    BLACKSTONE ALTERNATIVE 660,000 660,000
    BLACKSTONE GROUP 354,795 675,810
    BLACKSTONE MOR-A 1,003,812 1,026,800
    BREP VII COMM RE TRUST 622,500 621,000
    COGNIZANT TECHNOLOGY SOLUTIONS 350,646 308,100
    DELPHI AUTOMOTIVE 409,452 403,434
    DELTA AIR 168,509 146,195
    DISNEY WALT CO 399,340 417,105
    EXPRESS SCRIPTS 460,003 438,100
    FACEBOOK INC 312,179 654,950
    FEDEX CORP 618,748 700,766
    GENERAL MOTORS CO 742,442 632,000
    GILEAD SCIENCES 427,085 316,609
    JP MORGAN CHASE 376,556 609,488
    LOWE'S COMP. INC. 419,800 433,225
    MCKESSON CORP 600,523 394,227
    MOHAWK INDS 408,444 407,303
    NORWEIGAN CRUISE 389,300 326,508
    NOVO NORDISK 298,535 261,503
    PTC THERAPEUTICS 351,610 57,132
    SIGNET JEWELERS 451,082 397,930
    SKYWORKS SOLUTIONS 475,636 415,476
    SP500 ARN ISS BAC MLTQO 500,000 565,300
    SP500 ARN ISSUER HSBC MLHKV 500,000 535,000
    WHIRLPOOL CORP 689,659 794,046
    CANADIAN IMPERIAL BK COMM MLZVS 250,000 250,000

    TY 2015 LegalFeesSchedule
    Name:
    ALFA FOUNDATION
    EIN:
    72-1373145
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 10,333 10,333 0 0


    TY 2015 OtherAssetsSchedule
    Name:
    ALFA FOUNDATION
    EIN:
    72-1373145
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INVESTMENT INCOME 17,102 3,548 3,548


    TY 2015 OtherExpensesSchedule
    Name:
    ALFA FOUNDATION
    EIN:
    72-1373145
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 1,296 1,296 0 0


    TY 2015 TaxesSchedule
    Name:
    ALFA FOUNDATION
    EIN:
    72-1373145
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INCOME TAX EXPENSE 1,408 0 0 0