TY 2015 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Information about Form 990-PF and its instructions is at www.irs.gov/form990pf.

OMB No. 1545-0052

2015

Open to Public Inspection

For calendar year 2015, or tax year beginning 09-01-2015 , and ending 08-31-2016

Name of foundation
PHILIP AND JANICE LEVIN FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)975 US HIGHWAY 22 WEST
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
NORTH PLAINFIELD, NJ07060

A Employer identification number

22-6075837

B Telephone number (see instructions)

(908) 755-2401

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$27,515,462J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check Sch. B .............
3	Interest on savings and temporary cash investments	4		4
4	Dividends and interest from securities...	688,148		688,148
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		403,348
b	Gross sales price for all assets on line 6a 12,391,613
7	Capital gain net income (from Part IV, line 2)...			403,348
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).......		698	698
12	Total. Add lines 1 through 11........	1,092,198		1,092,198
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		8,514	0	0
c	Other professional fees (attach schedule)....		184,466	134,466	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		9,577	0	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		37,427	0	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	239,984		134,466	0
25	Contributions, gifts, grants paid.......	2,811,397			2,885,397
26	Total expenses and disbursements. Add lines 24 and 25	3,051,381		134,466	2,885,397
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-1,959,183
b	Net investment income (if negative, enter -0-)			957,732
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2015)

Form 990-PF (2015)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	153,184	388,110	388,110
	2	Savings and temporary cash investments.........	875,761	2,031,764	2,031,764
	3	Accounts receivable 67,744
		Less: allowance for doubtful accounts	67,883	67,744	67,744
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........		21,435	21,435
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	4,529,136	5,641,558	6,469,839
	c	Investments—corporate bonds (attach schedule).......	5,187,999	5,834,260	5,746,080
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	16,613,355	11,445,656	12,790,490
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	27,427,318	25,430,527	27,515,462
	17	Accounts payable and accrued expenses..........	8,813	8,515
	18	Grants payable..................	3,543,819	3,506,509
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	3,552,632	3,515,024
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................	23,874,686	21,915,503
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see instructions).....	23,874,686	21,915,503
	31	Total liabilities and net assets/fund balances (see instructions).	27,427,318	25,430,527

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............

23,874,686

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

-1,959,183

Other increases not included in line 2 (itemize) bullet

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

21,915,503

Decreases not included in line 2 (itemize) bullet

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

21,915,503

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
1 a	ALL PUBLICLY TRADED SECURITIES
b	JPM ACCESS MULTI-STRATEGY FUND	P
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	12,086,613	11,637,104	449,509
b	305,000	351,161	-46,161
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			449,509
b			-46,161
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	403,348
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2014	2,153,284	30,611,032	0.070343
2013	2,479,983	31,693,495	0.078249
2012	2,450,039	32,615,599	0.075119
2011	2,608,341	32,003,955	0.081501
2010	3,359,081	30,585,603	0.109826

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

20.415038

Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years . . .

0.083008

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

28,158,189

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

2,337,355

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

9,577

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

2,346,932

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

2,885,397

If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.

Form 990-PF (2015)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	9,577
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	9,577
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	9,577
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	31,012
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	31,012
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	21,435
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax21,435	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions

for definition)?.................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ 0(2) On foundation managers. bullet

$ 0

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

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation . Click to see attachment

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?

If "Yes," complete Part XIV.............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2015)

Page 5

Part VII-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement (see instructions).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

LEVIN FOUNDATION Telephone no. bullet

(908) 755-2401

Located at bullet

893 ROUTE 22 N PLAINFIELD NJNORTH PLAINFIELDNJ ZIP+4 bullet

07060

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here....... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country?

16 No

See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?...............YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).......YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2015?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2015, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2015?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2015.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?

Form 990-PF (2015)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (Continued)

During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? (see instructions)................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

Form 990-PF (2015)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
ADAM LEVIN	PRESIDENT 1.00	0	0	0
975 US HIGHWAY 22 WEST N PLAINFIELD,NJ07060	PRESIDENT 1.00	0	0	0
WILLIAM FARBER	V. PRESIDENT 1.00	0	0	0
975 US HIGHWAY 22 WEST N PLAINFIELD,NJ07060	V. PRESIDENT 1.00	0	0	0
ARIELLE TEPPER MADOVER	V. PRESIDENT 1.00	0	0	0
975 US HIGHWAY 22 WEST N PLAINFIELD,NJ07060	V. PRESIDENT 1.00	0	0	0
MAUREEN MOONEY	SECRETARY 1.00	0	0	0
975 US HIGHWAY 22 WEST N PLAINFIELD,NJ07060	SECRETARY 1.00	0	0	0
MATTHEW K HARDING	V. PRESIDENT 1.00	0	0	0
975 US HIGHWAY 22 WEST N PLAINFIELD,NJ07060	V. PRESIDENT 1.00	0	0	0
STACY A GARRITY	ASSISTANT SECRETARY 1.00	0	0	0
975 US HIGHWAY 22 WEST N PLAINFIELD,NJ07060	ASSISTANT SECRETARY 1.00	0	0	0
TIMOTHY G DECOLA	TREASURER 1.00	0	0	0
975 US HIGHWAY 22 WEST N PLAINFIELD,NJ07060	TREASURER 1.00	0	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









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

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

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

26,784,053

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

1,724,410

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

78,531

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

28,586,994

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

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

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

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

28,586,994

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

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

428,805

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

28,158,189

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

1,407,909

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

1,407,909

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

9,577

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

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

9,577

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

1,398,332

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

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

1,398,332

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

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

1,398,332

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

2,885,397

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

2,885,397

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

9,577

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

2,875,820

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2015)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2014	(c) 2014	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7					1,398,332
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2015:
a From 2010......	1,868,539
b From 2011......	1,040,941
c From 2012......	850,961
d From 2013......	926,009
e From 2014......	653,744
fTotal of lines 3a through e........		5,340,194
4Qualifying distributions for 2015 from Part
XII, line 4: $ 2,885,397
a Applied to 2014, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2015 distributable amount.....					1,398,332
e Remaining amount distributed out of corpus		1,487,065
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		6,827,259
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) ...		1,868,539
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......		4,958,720
10 Analysis of line 9:
a Excess from 2011....	1,040,941
b Excess from 2012....	850,961
c Excess from 2013....	926,009
d Excess from 2014....	653,744
e Excess from 2015....	1,487,065

Form 990-PF (2015)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2015, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2015	(b) 2014	(c) 2013	(d) 2012	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

PHILIP JANICE LEVIN FOUNDATION
975 US HIGHWAY 22 WEST
NORTH PLAINFIELD,NJ07060
(908) 755-2401

bThe form in which applications should be submitted and information and materials they should include:

BY LETTER ONLY

cAny submission deadlines:

NONE

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

NONE

Form 990-PF (2015)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
CARNEGIE HALL SOCIETY 881 7TH AVENUE NEW YORK,NY10019	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	25,000
CHILDREN OF THE FALLEN PATRIOTS FOUNDATION 419 THIRD ST NORTH JACKSONVILLE BEACH,FL32250	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	23,500
CITY MEALS ON WHEELS 355 LEXINGTON AVENUE NEW YORK,NY10017	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	10,000
COMMON CAUSE EDUCATION FUND 1133 19TH STREET NW 9TH FL WAHSHINGTON,DC20036	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	40,000
CONSUMER ACTION 221 MAIN STREET SAN FRANCISCO,CA94105	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	14,400
DREAM YARD C/O 40 VANDERBURGH AVENUE LARCHMONT,NY10538	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	25,000
FRIENDS OF THE HIGHLINE 529 WEST 20TH STREET SUITE 8W NEW YORK,NY10011	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	359,000
GABRIELLE'S ANGEL FOUNDATION FOR CANCER RESEARCH 136 EAST 57TH ST SUITE 1704 NEW YORK,NY10022	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	62,720
IDENTITY THEFT RESOURCE CENTER PO BOX 26833 SAN DIEGO,CA92196	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	25,000
MAKE A WISH FOUNDATION 1111 MARCUS AVENUE LAKE SUCCESS,NY11042	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	10,000
MUSEUM OF MODERN ART 11 WEST 53RD STREET NEW YORK,NY10019	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	200,000
NEW JERSEY PERFORMING ARTS ONE CENTER STREET NEWARK,NJ07102	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	50,000
NYU SCHOOL OF MEDICINE 550 1ST AVENUE NEW YORK,NY10016	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	300,000
RUTGERS UNIVERSITY 7 COLLEGE AVENUE NEW BRUNSWICK,NJ08901	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	234,000
SCHOOL OF AMERICAN BALLET 70 LINCOLN CENTER PLAZA NEW YORK,NY10023	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	40,000
THE PUBLIC THEATER 425 LAFAYETTE AVENUE NEW YORK,NY10003	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	665,000
THE UCLA FOUNDATION 10945 LE CONTE AVENUE LOS ANGELES,CA90095	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	50,000
THIRTEENWNET 450 WEST 33RD STREET NEW YORK,NY10001	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	225,000
WHITNEY MUSEUM OF AMERICAN ART 945 MADISON AVE NEW YORK,NY10021	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	155,000
TEL AVIV-YAFO FOUNDATION 1201 BROADWAY NEW YORK,NY10001	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	75,000
DEMOS DEVELOPMENT 220 FIFTH AVENUE NEW YORK,NY10001	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	10,000
180 TURNING LIVES AROUND INC 1 BETHANY ROAD BLDG 3 SUITE 42 HAZLET,NJ07730	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	500
POLICE ATHLETIC LEAGUE 34 1/2 EAST 12TH STREET NEW YORK,NY10003	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	9,750
NEW YORK CITY BALLET 20 LINCOLN CENTER NEW YORK,NY10023	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	25,000
LUZERNE MUSIC CENTER PO BOX 39 LAKE LUZERNE,NY12846	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	94,527
GLAAD 5455 WILSHIRE BLVD SUITE 1500 LOS ANGELES,CA90036	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	27,000
ENCOURAGE KIDS FOUNDATION 1560 BROADWAY SUITE 600 NEW YORK,NY10036	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	5,000
FRIENDS OF THE HUDSON RIVER PARK 305 7TH AVENUE NEW YORK,NY10001	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	100,000
LINCOLN CNETER FOR PERFORMING ARTS 70 LINCOLN CENTER PLAZA NEW YORK,NY10023	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	25,000
Total ................................. 3a				2,885,397

bApproved for future payment
CARNEGIE HALL SOCIETY 881 7TH AVENUE NEW YORK,NY10019	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	25,000
COMMON CAUSE EDUCATION FUND 1133 19TH STREET NW 9TH FL WAHSHINGTON,DC20036	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	100,000
FRIENDS OF THE HIGHLINE 529 WEST 20TH STREET SUITE 8W NEW YORK,NY10011	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	666,000
GABRIELLE'S ANGEL FOUNDATION FOR CANCER RESEARCH 136 EAST 57TH ST SUITE 1704 NEW YORK,NY10022	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	50,000
NYU SCHOOL OF MEDICINE 550 1ST AVENUE NEW YORK,NY10016	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	800,000
RUTGERS UNIVERSITY 7 COLLEGE AVENUE NEW BRUNSWICK,NJ08901	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	200,000
THE PUBLIC THEATER 425 LAFAYETTE AVENUE NEW YORK,NY10003	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	850,000
THIRTEENWNET 450 WEST 33RD STREET NEW YORK,NY10001	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	250,000
FRIENDS OF THE HUDSON RIVER PARK 305 7TH AVENUE NEW YORK,NY10001	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	200,000
SCHOOL OF AMERICAN BALLET 70 LINCOLN CENTER PLAZA NEW YORK,NY10023	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	50,000
MUSEUM OF MODERN ART 11 WEST 53RD STREET NEW YORK,NY10019	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	300,000
TEL AVIV-YAFO FOUNDATION 1201 BROADWAY SUITE 802 NEW YORK,NY10001	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	150,000
Total ................................. 3b				3,641,000

Form 990-PF (2015)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........			14	4
4 Dividends and interest from securities....			14	688,148
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....			14	698
8 Gain or (loss) from sales of assets other than inventory ............			18	403,348
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		1,092,198	0

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

131,092,198

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2015)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........YesNo

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2015)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2015 AccountingFeesSchedule

Name:

PHILIP AND JANICE LEVIN FOUNDATION

EIN:

22-6075837

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	8,514	0		0

- TIN:

TY 2015 ExplnOfNonFilingWithAGStmt

Name:

PHILIP AND JANICE LEVIN FOUNDATION

EIN:

22-6075837

Statement:

THE FOUNDATION IS EXEMPT FROM REGISTRATION IN THE STATE OF NEW JERSEY.

- TIN:

TY 2015 InvestmentsCorpBondsSchedule

Name:

PHILIP AND JANICE LEVIN FOUNDATION

EIN:

22-6075837

Name of Bond	End of Year Book Value	End of Year Fair Market Value
US BANCORP-F 6.5% FLTS 1/15/22	50,033	51,167
ANADARKO PETROLEUM CORP 5.55% Mature 03/15/2026	50,447	51,979
ANHEUSER-BUSCH INBEV FIN 3.65% Mature 02/01/2026	49,549	50,135
CAPITAL ONE FINL CO 6.15% 9/1/2016	49,874	49,000
CELGENE CORP 3.63% Mature 05/15/2024	50,065	50,866
CIT GROUP INC. 5.25% Mature 03/15/2018	49,980	50,040
CANADIAN NATL RESOURCES 3.45% Mature 11/15/2021	49,891	52,140
CIMAREX ENERGY CORPORATION 5.88% Mature 05/01/2022	50,879	50,055
DISH DBS CORPORATION 5.13% Mature 05/01/2020	50,293	51,750
GENERAL ELECTRIC CO 4.13% Mature 10/09/2042	50,474	53,033
JPMORGAN CHASE & CO 6% FIXED TO 08/01/23	49,944	50,602
WESTERN UNION 5.93% 10/1/2016	49,998	49,166
WELLS FARGO & CO 7.98% FIXED DIV TO 3/2018	50,621	50,760
AGILENT TECHNOLOGIES, INC. 3.2% 10/01/2022	121,203	128,466
AT&T INC. FRN 11/27/2018	225,000	227,419
AVALONBAY COMMUNITIES, INC. 2.85% 03/15/2023	102,123	101,910
CBS CORPORATION 5.75% 04/15/2020	116,443	113,137
CELGENE CORPORATION 3.25% 08/15/2022	103,329	104,399
COCA-COLA FEMSA S.A.B. DE C.V. 2.375% 11/26/2018	225,158	229,003
DR PEPPER SNAPPLE GRP INC 2.0% 01/15/2020	148,838	150,650
GENERAL ELECTRIC CAPITAL CORPO MTN 2.3% 04/27/2017	99,869	100,843
GENZYME CORPORATION 5.0% 06/15/2020	236,390	225,048
HEWLETT-PACKARD COMPANY 4.375% 09/15/2021	131,148	134,828
HOST HOTELS & RESORTS, L.P. 6.0% 10/01/2021	230,272	227,120
ING BANK N.V. HYBRID MTN 11/21/2023 4.125%	206,000	205,103
INTL BUSINESS MACHINES CORP 5.7% 09/14/2017	120,788	104,808
JPMORGAN CHASE & CO 1.85% 03/22/2019	149,904	151,082
KRAFT FOODS GROUP, INC. 3.5% 06/06/2022	200,642	213,776
LOCKHEED MARTIN CORPORATION 3.35% 09/15/2021	127,826	133,693
LYONDELLBASELL INDUSTRIES N.V. 5.0% 04/15/2019	245,268	242,219
MORGAN STANLEY MTN 6.625% 04/01/2018	236,530	215,668
NETAPP, INC. 3.375% 06/15/2021	99,560	104,122
NOVARTIS SECURITIES INVESTMENT 5.125% 02/10/2019	238,748	218,786
ORACLE CORPORATION 5.0% 07/08/2019	206,120	192,915
PHILIP MORRIS INTERNATIONAL IN 5.65% 05/16/2018	120,144	107,491
SANOFI 1.25% 04/10/2018	148,374	150,342
STARWOOD HOTELS & RESORTS WORL 6.75% 05/15/2018	152,126	135,585
SYNCHRONY FINANCIAL 3.75% 08/15/2021	125,605	131,186
THE HOME DEPOT, INC. 2.625% 06/01/2022	174,356	182,172
TIME WARNER CABLE, LLC 6.75% 07/01/2018	61,127	54,501
TOYOTA MOTOR CREDIT CORP MTN 1.7% 02/19/2019	174,979	176,713
VERIZON COMMUNICATIONS INC. 4.5% 09/15/2020	163,458	165,362
VODAFONE GROUP PUBLIC LIMITED 1.5% 02/19/2018	223,965	225,011
WAL-MART STORES, INC. 5.375% 04/05/2017	118,374	102,600
WELLPOINT, INC. 5.875% 06/15/2017	148,545	129,429

- TIN:

TY 2015 InvestmentsCorpStockSchedule

Name:

PHILIP AND JANICE LEVIN FOUNDATION

EIN:

22-6075837

Name of Stock	End of Year Book Value	End of Year Fair Market Value
A G C O CORP	70,135	63,490
ALLERGAN PLC SHS	70,122	74,584
ALPHABET INC CL C	70,369	76,705
AMAZON COM INC	69,869	88,453
AMGEN INC	70,352	73,806
ANHEUSER BUSCH INBEV SA SPON	69,931	67,472
APPLE INC	64,198	72,042
BLACKROCK INC	70,020	70,834
CBS CORP NEW CL B SHRS	70,163	63,328
CDN PACIFIC RY LTD NEW	69,847	73,953
CHUBB LTD	64,492	64,354
COMCAST CORP (NEW) CLASS A	70,146	74,592
COSTCO WHOLESALE CORP NEW	69,290	73,103
CROWN CASTLE INTL CORP	69,842	75,437
CVS HEALTH CORP COM	70,195	63,699
DANAHER CORPORATION	53,469	58,697
DIAGEO PLC SPON ADR NEW	70,023	72,100
ESTEE LAUDER CO INC CL A	70,065	64,870
FACEBOOK INC CL-A	70,324	82,104
GILEAD SCIENCE	74,130	68,191
GRUPO TELEVISA S.A.GLOBAL DEP	70,176	71,222
HONEYWELL INTERNATIONAL INC	70,038	70,610
INGERSOLL-RAND PLC SHS	70,039	72,273
JPMORGAN CHASE & CO	69,302	75,128
KONINKLIJKE PHIL EL SP ADR NEW	72,224	75,012
MEDTRONIC PLC SHS	70,047	76,586
MICROSOFT CORP	70,173	79,295
NEXTERA ENERGY INC COM	70,267	72,080
NOVO NORDISK A/S ADR	64,532	63,960
ORACLE CORP	70,204	70,692
PEPSICO INC NC	70,010	72,697
PFIZER INC	70,216	73,811
RAYTHEON CO (NEW)	69,806	74,970
SAP AG	70,020	76,006
SCHLUMBERGER LTD	70,022	68,414
T-MOBILE US INC COM	70,136	81,141
THERMO FISHER SCIENTIFIC	70,070	72,290
VISA INC CL A	70,128	72,001
VODAFONE GROUP PLC	70,068	64,396
WELLS FARGO & CO NEW	64,511	64,770
DELPHI AUTOMOTIVE PLC	64,499	64,795
ALPHABET INC. CMN CLASS A	17,281	43,442
ALPHABET INC. CMN CLASS C	42,956	79,006
AMAZON.COM INC CMN	36,662	79,993
ANADARKO PETROLEUM CORP CMN	15,697	10,694
AON PLC CMN	42,643	100,215
BANK OF AMERICA CORP CMN	34,344	32,280
BERKSHIRE HATHAWAY INC. CLASS B	66,274	116,630
CITIGROUP INC. CMN	76,506	75,191
DISH NETWORK CORPORATION CMN CLASS A	41,932	51,486
ECOLAB INC CMN	33,023	67,678
FIDELITY NATL INFO SVCS INC CMN	13,152	17,849
INTERVAL LEISURE GROUP, INC. CMN	1,157	1,670
JPMORGAN CHASE & CO CMN	15,182	16,875
LIBERTY GLOBAL PLC-LILAC GROUP CMN SERIES C	7,386	9,482
LIBERTY GLOBAL, PLC. CMN CLASS C	35,832	58,577
MARRIOTT INTERNATIONAL, INC. CMN CLASS A	24,381	28,532
MICROSOFT CORPORATION CMN	53,936	101,992
MONDELEZ INTERNATIONAL, INC. CMN	33,142	60,777
MORGAN STANLEY CMN	23,322	51,296
NOBLE ENERGY INC CMN	39,800	30,170
ORACLE CORPORATION CMN	87,228	118,508
PEPSICO INC CMN	38,964	64,050
STARWOOD HOTELS & RESORTS CMN	14,144	17,429
THERMO FISHER SCIENTIFIC INC CMN	21,323	60,876
TWENTY-FIRST CENTURY FOX, INC. CMN CLASS B	80,210	63,368
UNITEDHEALTH GROUP INCORPORATE CMN	27,355	64,624
W.R. BERKLEY CORPORATION CMN	18,956	31,169
ADVANCE AUTO PARTS, INC. CMN	62,402	61,850
ALLERGAN PLC CMN	71,893	59,104
AMERICAN INTL GROUP, INC. CMN	55,209	60,309
AON PLC CMN	52,608	62,801
APPLE INC. CMN	60,818	58,249
BERKSHIRE HATHAWAY INC. CLASS B	79,400	83,522
CANADIAN PACIFIC RAILWAY LTD CMN	30,865	35,062
CERNER CORP CMN	39,602	41,886
CHINA MOBILE LIMITED SPONSORED ADR CMN	31,853	33,391
COMCAST CORPORATION CMN CLASS A VOTING	60,270	64,085
CVS HEALTH CORP CMN	58,490	59,963
DOLLAR GENERAL CORPORATION CMN	43,140	45,221
GENTEX CORP CMN	30,054	30,279
KANSAS CITY SOUTHERN CMN	15,770	15,959
MCKESSON CORPORATION CMN	51,297	60,740
MICROSOFT CORPORATION CMN	62,165	77,973
MOTOROLA SOLUTIONS INC CMN	53,227	66,134
NIELSEN HLDGS PLC CMN	52,904	61,645
NOVARTIS AG-ADR SPONSORED ADR CMN	32,873	27,491
ORACLE CORPORATION CMN	80,003	84,254
PRICELINE GROUP INC/THE CMN	52,517	62,336
SAP SE (SPON ADR)	46,641	55,949
SCHLUMBERGER LTD CMN	47,243	46,373
SHIRE LIMITED SPONSORED ADR CMN	30,970	31,072
WALGREENS BOOTS ALLIANCE, INC. CMN	24,245	23,648
WILLIS TOWERS WATSON PLC CMN	30,770	30,630
WEX INC	2,040	2,185
BRISTOL-MYERS SQUIBB CO	2,491	3,730
PFIZER INC	5,644	5,672
NISOURCE INC	1,208	2,945
METLIFE INC	2,161	3,298
SVB FINANCIAL GROUP	1,923	1,777
DISCOVER FINANCIAL SERVICES	3,023	3,420
GENERAL DYNAMICS CORP	2,586	2,588
MERCK & CO. INC.	3,853	3,830
WORKDAY INC-CLASS A	1,403	1,441
TRANSCANADA CORP	2,077	2,091
BLACKROCK INC	3,305	3,728
AETNA INC	2,787	3,631
MORGAN STANLEY	4,622	7,214
ADOBE SYSTEMS INC	1,214	3,888
UNITED CONTINENTAL HOLDINGS	1,865	2,521
EASTMAN CHEMICAL CO	2,643	2,783
GILEAD SCIENCES INC	4,241	3,605
CMS ENERGY CORP	2,146	2,602
JOHN HANCOCK INCOME FD-I	110,000	111,533
ALEXION PHARMACEUTICALS INC	2,148	2,643
LENNOX INTERNATIONAL INC	2,181	2,899
DIAMONDBACK ENERGY INC	2,167	2,858
BANK OF AMERICA CORP	3,307	5,649
AMERICAN INTERNATIONAL GROUP	3,918	4,128
GENERAL MOTORS CO	3,078	3,926
COMCAST CORP-CLASS A	875	3,263
T-MOBILE US INC	1,370	1,576
MARSH & MCLENNAN COS	2,988	4,666
PROCTER & GAMBLE CO	2,024	3,405
CELGENE CORP	511	1,921
MARTIN MARIETTA MATERIALS	2,394	2,745
YUM! BRANDS INC	2,350	2,721
AT&T INC	3,719	4,415
CHARTER COMMUNICATIONS INC-A	1,785	2,315
FACEBOOK INC-A	5,031	8,450
CBS CORP-CLASS B NON VOTING	1,925	1,735
VERTEX PHARMACEUTICALS INC	873	3,024
EOG RESOURCES INC	5,887	6,371
UNITEDHEALTH GROUP INC	2,141	7,755
COCA-COLA CO	2,046	2,041
WELLS FARGO & CO	3,728	7,722
ABBOTT LABORATORIES	1,971	1,975
CHUBB LTD	3,212	6,600
BROADCOM LTD	2,152	10,585
MCKESSON CORP	1,803	1,477
JOHNSON CONTROLS INC NON-TRADEABLE ASSET CORP	1,549	1,931
HONEYWELL INTERNATIONAL INC	3,255	8,987
HARTFORD FINANCIAL SVCS GRP	993	1,396
OCCIDENTAL PETROLEUM CORP	4,821	6,763
ASTON/PICTET INTERNATIONAL-I	90,000	88,913
CARNIVAL CORP	3,904	3,585
PPG INDUSTRIES INC	2,212	2,541
PIONEER NATURAL RESOURCES CO	3,453	4,834
MICROSOFT CORP	3,779	14,250
EQT CORP	2,581	2,789
ALPHABET INC/CA-CL A	3,324	5,529
NXP SEMICONDUCTORS NV	3,409	3,257
TJX COMPANIES INC	1,954	2,710
MOLSON COORS BREWING CO -B	3,080	4,297
GENERAL ELECTRIC CO	5,009	6,342
ALPHABET INC/CA-CL C	3,986	10,739
MASCO CORP	1,187	3,690
DANAHER CORP	2,313	2,442
PEPSICO INC	4,879	5,551
DOW CHEMICAL CO/THE	3,270	3,326
AMAZON.COM INC	4,744	9,999
HUMANA INC	696	1,787
HARMAN INTERNATIONAL	2,816	2,541
ALLERGAN PLC	7,736	7,740
LAM RESEARCH CORP	2,070	4,666
LOWE'S COS INC	1,792	7,197
ALLEGION PLC	2,655	2,920
BIOGEN INC	1,215	3,056
UNION PACIFIC CORP	1,984	2,197
DISH NETWORK CORP-A	1,202	1,306
APPLE INC	1,574	13,156
VISA INC-CLASS A SHARES	3,056	3,236
SCHLUMBERGER LTD	3,686	3,950
TEXAS INSTRUMENTS INC	3,393	4,659
SCHWAB (CHARLES) CORP	2,059	2,328
CITIGROUP INC	2,413	4,010
ELI LILLY & CO	3,918	3,965
ILLUMINA INC	1,732	1,852
UNITED TECHNOLOGIES CORP	1,457	3,086
MONDELEZ INTERNATIONAL INC-A	3,453	5,943
COSTCO WHOLESALE CORP	2,267	3,080
KEYCORP	1,791	2,110
OAKMARK INTERNATIONAL-I	146,535	133,953
GOLDMAN SACHS GROUP INC	2,492	2,881
TIME WARNER INC	2,059	7,449
TWENTY-FIRST CENTURY FOX	2,920	2,356
HOME DEPOT INC	2,027	8,047
FIDELITY NATIONAL INFO SERV	3,185	4,046
ACCENTURE PLC-CL A	3,002	4,370
CONCHO RESOURCES INC	2,043	2,196
WASTE CONNECTIONS INC	2,343	2,369
MASTERCARD INC-CLASS A	1,697	6,667
KIMBERLY-CLARK CORP	2,394	2,433
STANLEY BLACK & DECKER INC	3,891	5,321

- TIN:

TY 2015 InvestmentsOtherSchedule2

Name:

PHILIP AND JANICE LEVIN FOUNDATION

EIN:

22-6075837

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
BLACKROCK CORP HGH YLD FD INC	AT COST	49,977	52,964
FIRST TRUST HIGH INC LONG/SHOR	AT COST	100,041	106,357
ISHARES MSCI SOUTHKOREA CP ETF	AT COST	100,097	106,107
ISHARES IBOXX $ H/Y COR BD ETF	AT COST	100,075	103,520
ISHARES MBS ETF	AT COST	99,962	100,586
ISHARES US CREDIT BOND ETF	AT COST	100,021	102,783
ISHARES s&p US PFD STK INDX FD	AT COST	100,038	102,496
ISHARES CMBS ETF	AT COST	99,915	101,240
VANGUARD SHORT-TERM CORPORATE	AT COST	99,971	100,726
VANGUARD INTERMEDIATE TERM COR	AT COST	99,762	102,201
GS HIGH YIELD FUND INSTITUTIONAL SHARES	AT COST	697,154	638,209
GS STRATEGIC INCOME FUND INSTITUTIONAL SHARES	AT COST	348,694	324,912
NON-US EQUITY MANAGERS: PORTFOLIO 4 OFFSHORE L.P.	AT COST	955,000	1,377,905
WELLS FARGO EMERG MRKTS EQUITY FUND - CLASS INST	AT COST	217,618	209,215
ISHARES CURRENCY HEDGED MSCI EAFE ETF	AT COST	1,163,892	1,068,819
SPDR S&P 500 ETF TRUST	AT COST	1,644,841	2,293,576
GS TACTICAL TILT OVERLAY MUTUAL FUND	AT COST	1,307,400	1,261,498
GLOBAL OPPORTUNITIES OFFSHORE LTD	AT COST	500,000	527,505
HEDGE FUND OPPORTUNITIES LTD CLASS A SERIES 1	AT COST	500,000	555,226
JPM GLBL RES ENH INDEX FD	AT COST	212,176	226,815
JPM HIGH YIELD FD - SEL FUND 3580 5.02%	AT COST	212,915	228,790
JPM ACCESS MULTI-STRATEGY FUND II	AT COST	249,589	219,510
JPM ACCESS MULTI-STRATEGY FUND II RIC 5%	AT COST	10,000	10,000
SPDR S&P 500 ETF TRUST	AT COST	516,768	681,486
ISHARES MSCI EAFE INDEX FUND	AT COST	193,927	182,636
ISHARES JP MORGAN EM BOND FUND	AT COST	88,959	89,673
PIMCO LOW DURATION FD-INST	AT COST	449,154	426,675
DODGE & COX INTL STOCK FD	AT COST	168,100	193,216
DOUBLELINE TOTL RET BND-I	AT COST	91,622	89,409
DEUTSCHE X-TRACKERS MSCI EAF	AT COST	89,683	89,376
BROWN ADV JAPAN ALPHA OPP-IS	AT COST	92,858	90,450
ISHARES CORE S&P MIDCAP ETF	AT COST	156,946	279,867
VANGUARD INTM TRM INV G-ADM	AT COST	81,815	84,922
DODGE & COX INCOME FD	AT COST	135,000	135,388
JPM LARGE CAP GRWTH FD	AT COST	104,584	161,275
JPM STRAT INC OPP FD	AT COST	113,740	113,838
JPM INFLATION MGD BD FD	AT COST	86,256	85,758
PARNASSUS CORE EQUITY FD	AT COST	107,106	165,561

- TIN:

TY 2015 OtherExpensesSchedule

Name:

PHILIP AND JANICE LEVIN FOUNDATION

EIN:

22-6075837

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
CHANGE IN PRESENT VALUE OF FUTURE GRANTS	36,690	0		0
MISCELLANEOUS	737	0		0

- TIN:

TY 2015 OtherIncomeSchedule2

Name:

PHILIP AND JANICE LEVIN FOUNDATION

EIN:

22-6075837

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
SECURITIES LITIGATION SETTLEMENTS	698	698	698

- TIN:

TY 2015 OtherProfessionalFeesSchedule

Name:

PHILIP AND JANICE LEVIN FOUNDATION

EIN:

22-6075837

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENTS MANAGEMENT AND ADVISORY FEES	134,466	134,466		0
MANAGEMENT FEES	50,000	0		0

- TIN:

TY 2015 TaxesSchedule

Name:

PHILIP AND JANICE LEVIN FOUNDATION

EIN:

22-6075837

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FEDERAL EXCISE TAX	9,577	0		0