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 07-01-2015 , and ending 06-30-2016
Name of foundation
THE POLLOCK-KRASNER FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)863 PARK AVENUE AT 77TH STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY100750342
A Employer identification number

13-3255693
B Telephone number (see instructions)

(212) 517-5400
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$63,487,087J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 21 21  
4 Dividends and interest from securities... 1,380,509 1,380,509  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,260,236
b Gross sales price for all assets on line 6a 15,975,259
7 Capital gain net income (from Part IV, line 2)... 1,260,236
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)....... Click to see attachment 984,309 871,817  
12 Total. Add lines 1 through 11........ 3,625,075 3,512,583  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 624,861 228,329   396,532
14 Other employee salaries and wages...... 320,473 0   320,473
15 Pension plans, employee benefits....... 647,903 152,550   495,353
16a Legal fees (attach schedule)......... Click to see attachment 27,874 0   27,874
b Accounting fees (attach schedule)....... Click to see attachment 28,665 21,499   7,166
c Other professional fees (attach schedule).... Click to see attachment 322,793 266,996   55,797
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 148,991 23,869   43,867
19 Depreciation (attach schedule) and depletion... Click to see attachment 70,603 21,181  
20 Occupancy.............. 122,098 12,210   109,888
21 Travel, conferences, and meetings....... 115,397 0   115,397
22 Printing and publications.......... 24,013 0   24,013
23 Other expenses (attach schedule)....... Click to see attachment 693,068 594,341   98,727
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,146,739 1,320,975   1,695,087
25 Contributions, gifts, grants paid....... 2,585,000 2,585,000
26 Total expenses and disbursements. Add lines 24 and 25 5,731,739 1,320,975   4,280,087
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,106,664
b Net investment income (if negative, enter -0-) 2,191,608
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 1,299,791 1,113,405 1,113,405
2 Savings and temporary cash investments......... 1,309,103 708,717 708,717
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 66,321 66,321 66,321
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 29,303,263 Click to see attachment28,306,957 32,067,709
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).......... 12,209,740 Click to see attachment10,844,234 11,986,183
14 Land, buildings, and equipment: basis bullet3,076,804
Less: accumulated depreciation (attach schedule) bullet1,664,163 1,483,244 Click to see attachment1,412,641 4,402,587
15 Other assets (describe bullet) Click to see attachment3,744,686 Click to see attachment3,725,104 Click to see attachment13,142,165
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 49,416,148 46,177,379 63,487,087
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) Click to see attachment120,004 Click to see attachment121,740
23 Total liabilities (add lines 17 through 22)......... 120,004 121,740
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 49,296,144 46,055,639
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)..... 49,296,144 46,055,639
31 Total liabilities and net assets/fund balances (see instructions). 49,416,148 46,177,379
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
49,296,144
2
Enter amount from Part I, line 27a .....................
2
-2,106,664
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
47,189,480
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,133,841
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
46,055,639
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 THROUGH GOLDENTREE PARTNERS-1231 GAIN P    
b THROUGH GOLDENTREE PARTNERS-SHORT TERM P    
c THROUGH GOLDENTREE PARTNERS-LONG TERM P    
d THROUGH GOLDENTREE PARTNERS-1256 GAIN P    
e THROUGH GOLDENTREE PARTNERS-1256 GAIN P    
COOKE & BIELER SHORT TERM P    
COOKE & BIELER LONG TERM P    
BW GLOBAL OPPORTUNITES P 2012-05-03 2015-08-12
SALE OF ARTWORK D   2016-06-30
TITAN MASTERS P 2010-08-16 2016-01-05
IRONWOOD INTL LTD P   2016-02-05
WCM MANAGED-SHORT TERM P   2016-06-30
WCM MANAGED-LONG TERM P   2016-06-30
WESTFIELD MANAGED-SHORT TERM P   2016-06-30
EARNEST PARTNERS MNGD-SHORT TERM P   2016-06-30
EARNEST PARTNERS MNGD-LONG TERM P   2016-06-30
WESTFIELD MANAGED-LONG TERM P   2016-06-30
PROCEEDS FROM HERITAGE RECOVERY P   2016-06-30
CAPITAL GAINS DIVIDENDS 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       102,449
b       -36,294
c       -27,057
d       7,690
e       11,535
247,992   199,938 48,054
2,156,881   1,690,393 466,488
500,000   549,853 -49,853
503,000   135,307 367,693
750,000   565,755 184,245
750,000   610,137 139,863
155,136   195,310 -40,174
781,800   738,283 43,517
5,924,860   6,682,311 -757,451
61,081   66,489 -5,408
870,878   752,958 117,920
3,239,024   2,586,612 652,412
33,000     33,000
1,607     1,607
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       102,449
b       -36,294
c       -27,057
d       7,690
e       11,535
      48,054
      466,488
      -49,853
      367,693
      184,245
      139,863
      -40,174
      43,517
      -757,451
      -5,408
      117,920
      652,412
      33,000
      1,607
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 1,260,236
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  
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 4,173,566 65,083,945 0.064126
2013 3,660,676 64,773,063 0.056515
2012 3,883,880 56,380,197 0.068887
2011 3,420,920 51,891,120 0.065925
2010 3,257,748 54,154,754 0.060156
2
Total of line 1, column (d) .....................
20.315609
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
0.063122
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
61,206,241
5
Multiply line 4 by line 3......................
5
3,863,460
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
21,916
7
Add lines 5 and 6........................
7
3,885,376
8
Enter qualifying distributions from Part XII, line 4.............
8
4,280,087
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 21,916
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 21,916
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 21,916
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 79,297
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 10,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 89,297
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 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 67,381
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet67,381 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)
    bulletNY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.PKF.ORG
    14
    The books are in care ofbulletKERRIE BUITRAGO Telephone no.bullet (212) 517-5400

    Located atbullet863 PARK AVENUENEW YORKNY ZIP+4bullet100750342
    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
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    CHARLES C BERGMAN CHAIRMAN
    40.00     		263,833 53,000 0
    24 E 82ND STREET
    NEW YORK,NY10028
    SAMUEL SACHS PRESIDENT
    20.00     		144,228 0 0
    169 STONE HILL ROAD
    BEDFORD,NY10506
    KERRIE BUITRAGO EXECUTIVE V.P.
    40.00     		216,800 53,000 0
    65 MONTAGUE STREET
    BROOKLYN,NY11201
    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
    CAROLINE BLACK PROGRAM OFFICER
    40.00     		104,491 5,597 0
    863 PARK AVENUE
    NEW YORK,NY10075
    BETH COCHEMS-BUDRIS GRANTS MANAGER
    40.00     		86,619 4,640 0
    863 PARK AVENUE
    NEW YORK,NY10075
    GLYNNIS DOLBEE PROGRAM/ADMIN
    40.00     		55,883 3,026 0
    863 PARK AVENUE
    NEW YORK,NY10075
    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
    WESTFILED CAPITAL MANAGEMENT INVESTMENT ADVISORY 57,808
    ONE FINANCIAL CENTER 23RD FL
    BOSTON,MA02111
    EARNEST PARTNERS LLC INVESTMENT ADVISORY 53,820
    1180 PEACHTREE STREET NE SUITE 2300
    ATLANTA,GA30309
    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
    46,330,302
    b
    Average of monthly cash balances.......................
    1b
    2,643,929
    c
    Fair market value of all other assets (see instructions)................
    1c
    13,164,085
    d
    Total (add lines 1a, b, and c).........................
    1d
    62,138,316
    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
    62,138,316
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    932,075
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    61,206,241
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,060,312
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    3,060,312
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    21,916
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
    26,222
    c
    Add lines 2a and 2b............................
    2c
    48,138
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,012,174
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,012,174
    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
    3,012,174
    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
    4,280,087
    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
    4,280,087
    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
    21,916
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    4,258,171
    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 3,012,174
    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...... 3,257,748
    b From 2011...... 3,444,101
    c From 2012...... 1,138,683
    d From 2013...... 544,357
    e From 2014...... 1,004,191
    fTotal of lines 3a through e........ 9,389,080
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 4,280,087
    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..... 3,012,174
    e Remaining amount distributed out of corpus 1,267,913
    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 10,656,993
    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) ...     		3,257,748
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		7,399,245
    10 Analysis of line 9:
    a Excess from 2011.... 3,444,101
    b Excess from 2012.... 1,138,683
    c Excess from 2013.... 544,357
    d Excess from 2014.... 1,004,191
    e Excess from 2015.... 1,267,913
    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:
    MS CAROLINE BLACK
    POLLOCK-KRASNER FDTN 863 PARK
    AVENUE
    NEW YORK,NY100750342
    (212) 517-5400
    bThe form in which applications should be submitted and information and materials they should include:
    THE FOUNDATION HAS A STANDARD APPLICATION FORM TO BE COMPLETED ON LINE AT WWW.PKF.ORG . THE REQUIRED INFORMATION AND MATERIALS NOTED IN THE APPLICATION ARE AS FOLLOWS: 1) CD OF TEN IMAGES 2) A COVER LETTER STATING THE PURPOSE OF THE GRANT, THE AMOUNT REQUESTED AND IN WHAT AMOUNTS. THE APPLICATION MUST BE COMPLETED ON LINE.
    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)
    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
    ADAMS TRACEY
    24745 SUMMIT FIELD ROAD
    CARMEL,CA93923     		NONE N/A GENERAL 10,000
    ALEXANDER STEVEN
    58 ORCHARD RD
    WEST ABINGTON,PA18414     		NONE N/A GENERAL 13,000
    ADAMS LAUREN FRANCES
    2744 GUILFORD AVENUE
    BALTIMORE,MD21218     		NONE N/A GENERAL 13,000
    WOODSTOCK BYRDCLIFFE GUILD
    34 TINKER STREET
    WOODSTOCK,NY12498     		NONE 501 (C) (3) GENERAL 21,000
    AHMADI SHIVA
    2527 ARLINGTON BLVD
    EL CERRITO,CA94530     		NONE N/A GENERAL 10,000
    ALEMU DESTA GENET
    PO BOX 21700
    ADDIS ABABA    
    ET     		NONE N/A GENERAL 10,000
    GUILD HALL OF EAST HAMPTON
    158 MAIN STREET
    EAST HAMPTON,NY11937     		NONE 501 (C) (3) GENERAL 5,000
    ARNAL ENRIQUE
    1028 LA PAZ
    CASILLA    
    BL     		NONE N/A GENERAL 26,000
    ATTIE ALICE
    924 WEST END AVENUE 73
    NEW YORK,NY10025     		NONE N/A GENERAL 30,000
    BARNES DAVID
    16 PECKHAM AVENUE
    NEWPORT,RI02840     		NONE N/A GENERAL 20,000
    BARTOLOME BALAM
    CONKAL 266 TORRES DE PADIERNA
    DEL TLALPANDF   14200
    MX     		NONE N/A GENERAL 18,000
    BAXTER ROBERT
    4284 AMPUDIA STREET
    SAN DIEGO,CA92103     		NONE N/A GENERAL 30,000
    BEACH LOU
    900 S TREMAINE AVE
    LOS ANGELES,CA90019     		NONE N/A GENERAL 10,000
    BEDFORD WHITNEY
    2900 AIRPORT AVENUE
    SANTA MONICA,CA90405     		NONE N/A GENERAL 20,000
    BENNETT AMY
    59 PARROTT STREET
    COLD SPRING,NY10516     		NONE N/A GENERAL 12,000
    BEUBE DOUG
    69 FT GREENE PL APT 1
    BROOKLYN,NY11217     		NONE N/A GENERAL 25,000
    BHATTACHARYA JAYANTA
    15-95 JHEEL ROAD BANK PLOT
    JADAVPUR KOLKATA   700075
    IN     		NONE N/A GENERAL 18,000
    BOLD NOMIN
    HAN UUL DISTRICT 11 HOROO HATAN
    TUULULAANBAATAR   210134
    MO     		NONE N/A GENERAL 20,000
    BOSWORTH BARBARA
    313 RED ACRE ROAD
    STOW,MA01775     		NONE N/A GENERAL 15,000
    BOVASSO NINA
    PO BOX 1148 COOPER STATION
    NEW YORK,NY10276     		NONE N/A GENERAL 20,000
    BRAND JONATHAN
    718 ORANGE STREET FL 1
    NEW HAVEN,CT06511     		NONE N/A GENERAL 25,000
    BRAUNIG SASCHA
    11 MOTLEY STREET
    PORTLAND,ME04102     		NONE N/A GENERAL 13,000
    BRIGGS KEVIN
    123 LEIBROCK CIRCLE
    SOLDOTNA,AK99669     		NONE N/A GENERAL 15,000
    BROUGHAN JUDE
    1397A UNION STREET APT 2
    BROOKLYN,NY11213     		NONE N/A GENERAL 18,000
    BROWN MARK
    3707 HARK RIDGE ROAD
    CHAPEL HILL,NC27516     		NONE N/A GENERAL 20,000
    CAPPS KENNETH
    1175 HOOVER STREET
    CARLSBAD,CA92008     		NONE N/A GENERAL 25,000
    CARVALHO JOSELY
    216 EAST 18TH STREET
    NEW YORK,NY10003     		NONE N/A GENERAL 10,000
    CASH SIDNEY
    72 RESERVOIR ROAD
    MARLBORO,NY12542     		NONE N/A GENERAL 20,000
    CATALAN ANIBAL
    ESPRESSA 51 DEPTO 301 COLONIA
    MEXICO CITY    
    MX     		NONE N/A GENERAL 10,000
    CHALRABORTY DEBASHIS
    6F BT ROAD
    KOLKATA   700002
    IN     		NONE N/A GENERAL 10,000
    CHARLANDCALEB
    22 LITTLE JOHN LANE
    BREWSTER,ME04412     		NONE N/A GENERAL 25,000
    CHEN PHILLIP
    3908 GREENWOOD DRIVE
    DES MOINES,IA50312     		NONE N/A GENERAL 10,000
    VERMONT STUDIO CENTER
    PO BOX 613
    JOHNSON,VT05656     		NONE 501 (C) (3) GENERAL 20,000
    COLWELL VIRGINIA
    3733 CHELLOWE ROAD
    RICHMOND,VA23225     		NONE N/A GENERAL 12,000
    CONNOR LINDA
    87 RUTHERFORD AVENUE
    SAN ANSELMO,CA94960     		NONE N/A GENERAL 30,000
    COOKE LYNETTE
    371 WILLIAM STREET
    DALY CITY,CA94014     		NONE N/A GENERAL 14,000
    COOKE SUE
    12 TULLOCH ST ST JOHNS HILL
    WHANGANUI   4500
    NZ     		NONE N/A GENERAL 15,000
    CORREA CLAUDIO
    PORTUGAL 87 TORRE 8 DEPT 195
    SANTIAGO   8330034
    CI     		NONE N/A GENERAL 25,000
    CROSBY NJIDEKA AKUNYILI
    1351 ARMADALE AVENUE APT 6
    LOS ANGELES,CA90042     		NONE N/A GENERAL 25,000
    DASGUPTA MITHUN
    8/C AUROBINDA SARANI ITALGACHA
    KOLKATA   700079
    IN     		NONE N/A GENERAL 15,000
    DAVIDSON NANCY
    137 DUANE STREET 4B
    NEW YORK,NY10013     		NONE N/A GENERAL 15,000
    DAVIES HANLYN
    198 LAWRENCE STREET
    NEW HAVEN,CT06511     		NONE N/A GENERAL 25,000
    DAVIS ANNA U
    230 UNDERWOOD STREET NW
    WASHINGTON,DC20012     		NONE N/A GENERAL 14,000
    DE MOREAS MARCIA
    RUA PERO CORRES 386 VILAMARIANA
    SAN PAULO   04113-040
    BR     		NONE N/A GENERAL 25,000
    DENNIS DONNA
    131 DUANE STREET 3E
    NEW YORK,NY10013     		NONE N/A GENERAL 13,000
    DION MARK
    601 WEST 176 STREET APT 67
    NEW YORK,NY10033     		NONE N/A GENERAL 20,000
    DUBNAU JENNY
    78-10 34 AVENUE 1B
    JACKSON HEIGHTS,NY11372     		NONE N/A GENERAL 10,000
    DUGAN JESS T
    4047 HARTFORD STREET
    ST LOUIS,MO63116     		NONE N/A GENERAL 11,000
    FAHLSTROM BRIAN
    538 BROOKSIDE LANE
    SIERRA MADRE,CA91024     		NONE N/A GENERAL 10,000
    FERNANDES MARIA-THERESA
    4401 ROLAND AVENUE UNIT 410
    BALTIMORE,MD21210     		NONE N/A GENERAL 10,000
    FERRERO CARL
    21-19 AMORY COURT GROUND FL
    RIDGEWOOD,NY11385     		NONE N/A GENERAL 17,000
    FISHER MATTHEW
    148 JAVA STREET 2
    BROOKLYN,NY11222     		NONE N/A GENERAL 14,000
    FLEISCHNER RICHARD
    224 WILLIAMS STREET
    PROVIDENCE,RI02906     		NONE N/A GENERAL 15,000
    INTERNATIONAL FDN FOR ART RESEARCH
    500 FIFTH AVENUE STE 935
    NEW YORK,NY10110     		NONE N/A GENERAL 10,000
    FRANK MARY
    139 WEST 19TH STREETAPT 6SW
    NEW YORK,NY10011     		NONE N/A GENERAL 10,000
    GALLOWAY STEVE
    2508 2ND STREET
    SANTA MONICA,CA90405     		NONE N/A GENERAL 25,000
    GOMEZ VERONICA
    AV DIAZ VELEZ 3393 IRO
    BUENOS AIRES   1200
    AR     		NONE N/A GENERAL 18,000
    GOVIL PRIYANKA
    B-701 OLIVE CRESCENT SEC-47
    GURGAON HARYANA   122001
    IN     		NONE N/A GENERAL 19,000
    GRAF BRYAN
    22 VESPER STREET 2
    PORTLAND,ME04101     		NONE N/A GENERAL 25,000
    GRAY OWEN
    310 GREENWICH STREET 13K
    NEW YORK,NY10013     		NONE N/A GENERAL 15,000
    GRIFFIN KOJO
    1069 SEABOARD AVENUE NE 19
    ATLANTA,GA30307     		NONE N/A GENERAL 10,000
    GUYTON TYREE
    42 WATSON
    DETROIT,MI48201     		NONE N/A GENERAL 12,000
    HAENDEL KARL
    556 WEST AVENUE 46
    LOS ANGELES,CA90065     		NONE N/A GENERAL 13,000
    HAMMOND PEROTTO PHYLLIS
    1108 SPRINGS- FIREPLACE ROAD
    EAST HAMPTON,NY11937     		NONE N/A GENERAL 13,000
    HAMOY CAROL
    340 EAST 66TH STREET
    NEW YORK,NY10065     		NONE N/A GENERAL 15,000
    INTERNATIONAL STUDIO & CURATORIAL PROGRAM
    1040 METROPOLITAN AVENUE
    BROOKLYN,NY11211     		NONE 501 (C) (3) GENERAL 25,000
    STONY BROOK FDN (PKF HOUSE & STUDY CENTER)
    830 FIREPLACE ROAD
    EAST HAMPTON,NY11937     		NONE 501 (C) (3) GENERAL 200,000
    HASTON BRADY
    1335 MERIDIAN STREET
    NASHVILLE,TN37207     		NONE N/A GENERAL 20,000
    HAYMAN JEFFERSON
    30 ANDRE HILL
    TAPPAN,NY10983     		NONE N/A GENERAL 10,000
    HEGARTY VALERIE
    171 EAST PARKWAY B7
    BROOKLYN,NY11283     		NONE N/A GENERAL 30,000
    HERRERA CLAUDIO
    ALEJANDRO DEL RIO 2368 NUNOA
    SANTIAGO    
    CI     		NONE N/A GENERAL 25,000
    HOLMES TOM
    165 ROBERT DAVENPORT ROAD
    READYVILLE,TN37149     		NONE N/A GENERAL 25,000
    HOWARD MILDRED
    1820 HARMON STREET
    BERKELEY,CA94703     		NONE N/A GENERAL 30,000
    HUDSON ROBERT
    392 EUCALYPTUS AVENUE
    COTATI,CA94931     		NONE N/A GENERAL 30,000
    HUMAN RICHARD
    176 NORMAN AVENUE
    BROOKLYN,NY11222     		NONE N/A GENERAL 25,000
    HWANG RAN
    28 WARREN STREET 2ND FL
    NEW YORK,NY10007     		NONE N/A GENERAL 30,000
    IGLESIAS JANELLE
    198-60 POMPEII AVENUE
    HOLLIS,NY11423     		NONE N/A GENERAL 10,000
    JAKOBSDOTTIR ELIN
    FLAT I/L 190 GARRIOCH ROAD
    GLASGOW   G20 8RW
    UK     		NONE N/A GENERAL 20,000
    RESEARCH CENTER FOR ARTS & CULTURE
    729 7TH AVENUE
    NEW YORK,NY10019     		NONE 501 (C) (3) GENERAL 10,000
    KENT LORI
    228 AVENUE B 10
    NEW YORK,NY10009     		NONE N/A GENERAL 30,000
    KENT CAROLINE
    2285 UNIVERSITY W UNIT 364
    ST PAUL,MN55114     		NONE N/A GENERAL 11,000
    KLETT MARK & WOLFE BYRON
    1136 S ASH AVENUE
    TEMPE,AZ85281     		NONE N/A GENERAL 30,000
    CHARLOTTE STREET FDN
    PO BOX 102633
    KANSAS CITY,MO64171     		NONE 501 (C) (3) GENERAL 10,000
    KOPYSTIANSKY IGOR
    526 W 26TH STREET 608
    NEW YORK,NY10001     		NONE N/A GENERAL 15,000
    KOTAKA RYOSAKU
    1663 UENO TOSACHIMIZU
    KOCHI   747-0447
    JA     		NONE N/A GENERAL 28,000
    LA VACCARA FILIPPO
    VIA CASCINA BALCASULE 15
    MILANO   20141
    IT     		NONE N/A GENERAL 11,000
    LANE MARION
    463 WEST STREET APT G119
    NEW YORK,NY10014     		NONE N/A GENERAL 26,000
    LAWLESS SHARON
    431 E 12TH STREET APT 1B
    NEW YORK,NY10009     		NONE N/A GENERAL 20,000
    MALDONADO ADAL
    CALLE RIERA 518 APT 3
    SAN JUAN,PR00909     		NONE N/A GENERAL 10,000
    MAR PEPE JOSE
    1040 BISCANE BLVD
    MIAMI,FL33132     		NONE N/A GENERAL 20,000
    MARTINEZ-CANAS MARIA
    2011 SW 10 STREET
    MIAMI,FL33135     		NONE N/A GENERAL 13,000
    MARUYAMA YUKI
    2038 AUSTIN STREET
    OAKLAND,CA94601     		NONE N/A GENERAL 24,000
    MCDONOUGH PAUL
    606 CARROLL STREET
    BROOKLYN,NY11215     		NONE N/A GENERAL 25,000
    MELEE ROBERT
    1203 LANGFORD STREET
    ASBURY PARK,NJ07712     		NONE N/A GENERAL 25,000
    MENDEL GIDEON
    122 MILDENHAL ROAD
    LONDON   E5 0RZ
    UK     		NONE N/A GENERAL 80,000
    MERZ KATIE
    176 DEAN STREET
    NEW YORK,NY11217     		NONE N/A GENERAL 30,000
    LOWER MANHATTAN CULTURAL COUNCIL
    125 MAIDEN LANE 2ND FL
    NEW YORK,NY10038     		NONE 501 (C) (3) GENERAL 15,000
    MILLS JOHN
    2143 PRINCETON AVE APT 3
    LOS ANGELES,CA90026     		NONE N/A GENERAL 10,000
    MINAMI NORITAKA
    1215 W ELMDALE AVE 1
    CHICAGO,IL60660     		NONE N/A GENERAL 15,000
    MONTEITH MATTHEW
    66 BRICKSIDE AVENUE 3
    JAMAICA PLAIN,MA02130     		NONE N/A GENERAL 21,000
    MONTGOMERY STEVEN
    145 4TH AVENUE PHM
    NEW YORK,NY10003     		NONE N/A GENERAL 30,000
    NAVARRO MARLO
    NUEVA HANNOVER 415 NUNOA
    SANTIAGO   07790647
    CI     		NONE N/A GENERAL 25,000
    NEWBY CHRISTIAN
    C/ TORTOSA 10 2D
    MADRID   28045
    SP     		NONE N/A GENERAL 25,000
    NICE DON
    73 INDIAN BROOK ROAD
    GARRISON,NY10524     		NONE N/A GENERAL 30,000
    NIGOGHOSSIAN JO
    450 GRAHAM AVE 4R
    BROOKLYN,NY11211     		NONE N/A GENERAL 15,000
    OLIVERI CHRIS
    2613 PEPPER AVENUE
    LOS ANGELES,CA90065     		NONE N/A GENERAL 12,000
    OSINSKI CHRISTINE
    490 MAIN STREET
    RIDGEFIELD,CT06877     		NONE N/A GENERAL 15,000
    POUNDSTONE VIRGINIA
    127 CHAUNCAY STREET
    BROOKLYN,NY11233     		NONE N/A GENERAL 20,000
    PUETT J MORGAN
    516 PLANK ROAD
    BEACH LAKE,PA18405     		NONE N/A GENERAL 25,000
    PURYEAR CHARLA
    932 N BUENA VISTA STREET
    BURBANK,CA91505     		NONE N/A GENERAL 15,000
    RASGADO PABLO
    CDA DE BAJIO 29-403
    MEXICO   06760
    MX     		NONE N/A GENERAL 20,000
    REYNOLDS BRIAN
    3512 FEDERAL AVENUE
    LOS ANGELES,CA90066     		NONE N/A GENERAL 11,000
    FINE ARTS WORK CENTER IN PROVINCETOWN
    24 PEARL STREET
    PROVIDENCETOWN,MA02657     		NONE 501 (C) (3) GENERAL 17,000
    ROBERTS DEBORAH
    3543 GREYSTONE DR 1034
    AUSTIN,TX78731     		NONE N/A GENERAL 11,000
    ROTH MARIAN
    2 ALLERTON STREET
    PROVIDENCETOWN,MA02657     		NONE N/A GENERAL 30,000
    NEW YORK FDN FOR THE ARTS
    20 JAY STREET STE 740
    BROOKLYN,NY11201     		NONE 501 (C) (3) GENERAL 20,000
    SANCHEZ JUAN
    346 SOUTH 3RD STREET 1
    BROOKLYN,NY11211     		NONE N/A GENERAL 25,000
    SENGUPTA MEENAKSHI
    3/26 LAKE VIEW PARK BLOCK F
    BONHOOGHLY KOLKATA   700108
    IN     		NONE N/A GENERAL 20,000
    SHAEFER RICHARD
    140 CATAMOUNT ROAD
    FAIRFIELD,CT06824     		NONE N/A GENERAL 20,000
    STOLLE KIRSTEN
    193 SCARLETT RIDGE DRIVE
    MARSHALL,NC28753     		NONE N/A GENERAL 9,000
    STOLLER JESSICA
    98 GRAHAM AVENUE APT 1
    BROOKLYN,NY11206     		NONE N/A GENERAL 10,000
    TARUISHI NAHO
    477 WILLOUGHBY AVENUE APT 2
    BROOKLYN,NY11206     		NONE N/A GENERAL 15,000
    TEROAKA MASAMI
    41-048 KAULA STREET
    WAIMANALO,HI96795     		NONE N/A GENERAL 30,000
    WAGNER CRYSTAL
    234 KELKER STREET APT 2
    HARRISBURG,PA17102     		NONE N/A GENERAL 12,000
    ASPEN INSTITUTE
    ONE DUPONT CIRCLE NW STE 700
    WASHINGTON,DC20036     		NONE 501 (C) (3) GENERAL 10,000
    WALKER CORBAN
    1409 GLANWOOD ROAD
    BROOKLYN,NY11230     		NONE N/A GENERAL 22,000
    WEINBERG MICHELLE
    2200 BAY DRIVE 2
    MIAMI BEACH,FL33141     		NONE N/A GENERAL 15,000
    WINE JESSE
    70 COUNTY STREET
    LONDON   SEI 4AD
    UK     		NONE N/A GENERAL 15,000
    WIXTED KEVIN
    PO BOX 58
    NEW YORK,NY10012     		NONE N/A GENERAL 15,000
    Total .................................bullet 3a 2,585,000
    bApproved for future payment
    ADAMS LAUREN FRANCES
    2744 GUILFORD AVENUE
    BALTIMORE,MD21218     		NONE N/A GENERAL 12,000
    AHMADI SHIVA
    2527 ARLONGTON BLVD
    EL CERRITO,CA94530     		NONE N/A GENERAL 10,000
    BEACH LOU
    900 S TREMAINE AVE
    LOS ANGELES,CA90019     		NONE N/A GENERAL 10,000
    CARVALHO JOSELY
    216 EAST 18TH STREET
    NEW YORK,NY10003     		NONE N/A GENERAL 10,000
    CHEN PHILLIP
    3908 GREENWOOD DRIVE
    DES MOINES,IA50312     		NONE N/A GENERAL 10,000
    COOK LYNETTE
    371 WILLIAM STREET
    DALY CITY,CA94014     		NONE N/A GENERAL 13,000
    DENNIS DONNA
    131 DUANE STREET 3E
    NEW YORK,NY10013     		NONE N/A GENERAL 12,000
    FLEISCHNER RICHARD
    224 WILLIAMS STREET
    PROVIDENCE,RI02906     		NONE N/A GENERAL 15,000
    HAMMOND PHYLLIS
    1102 SPRINGS FIREPLACE RD
    EAST HAMPTON,NY11937     		NONE N/A GENERAL 12,000
    IGLESIAS JANELLE
    198-60 POMPEII AVENUE
    HOLLIS,NY11423     		NONE N/A GENERAL 10,000
    MALDONADO ADAL
    CALLE RIERA 518 APT 3
    SAN JUAN,PR00909     		NONE N/A GENERAL 10,000
    MARTINEZ-CANAS MARIA
    2011 SW 10 STREET
    MIAMI,FL33135     		NONE N/A GENERAL 12,000
    MILLS JOHN
    2143 PRINCETON AVE APT 3
    LOS ANGELES,CA90026     		NONE N/A GENERAL 10,000
    REYNOLDS BRIAN
    3512 FEDERAL AVENUE
    LOS ANGELES,CA90066     		NONE N/A GENERAL 10,000
    ROBERTS DEBORAH
    3543 GREYSTONE DR 1034
    AUSTIN,TX78731     		NONE N/A GENERAL 10,000
    STOLLER JESSICA
    98 GRAHAM AVENUE APT 1
    BROOKLYN,NY11206     		NONE N/A GENERAL 10,000
    Total .................................bullet 3b 176,000
    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 21  
    4 Dividends and interest from securities....     14 1,380,509  
    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.....     14 984,309  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 1,260,236  
    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 3,625,075 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    133,625,075
    (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 AccountingFeesSchedule
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN:
    13-3255693
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COOPERSMITH SIMON & VOGEL PC 28,665 21,499   7,166

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

    TY 2015 DepreciationSchedule
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN:
    13-3255693
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    CO-OP APARTMENT 1998-01-01 2,329,673 1,019,235 SL 40.000000000000 58,242 0    
    OFFICE FURNITURE & EQUIPMENT 1998-06-30 157,134 157,134 SL 7.000000000000 0 0    
    OFFICE FURNITURE & EQUIPMENT 1999-01-01 8,910 8,910 SL 7.000000000000 0 0    
    WOOD BLINDS 2000-05-03 1,725 1,722 SL 7.000000000000 0 0    
    BUILDING IMPROVEMENTS 1998-01-01 187,553 81,889 SL 40.000000000000 4,689 0    
    OFFICE FURNITURE & EQUIPMENT 1991-06-30 5,229 5,229 SL 5.000000000000 0 0    
    COMPUTER EQUIPMENT 1991-06-30 1,525 1,525 SL 5.000000000000 0 0    
    SECURITY SYSTEM 1993-06-30 1,950 1,950 SL 5.000000000000 0 0    
    COMPUTER EQUIPMENT 1995-01-01 28,874 28,874 SL 5.000000000000 0 0    
    OFFICE FURNITURE & EQUIPMENT 1996-06-30 2,509 2,509 SL 5.000000000000 0 0    
    SECURITY SYSTEM 1996-06-30 273 273 SL 5.000000000000 0 0    
    COMPUTER EQUIPMENT 1997-06-30 6,279 6,279 SL 5.000000000000 0 0    
    COMPUTER EQUIPMENT 1998-06-30 17,963 17,963 SL 5.000000000000 0 0    
    HP PRINTER 1999-11-11 850 843 SL 5.000000000000 0 0    
    COMPUTER EQUIPMENT 1999-11-02 34,667 34,667 SL 5.000000000000 0 0    
    COMPUTER EQUIPMENT 1996-06-30 11,363 11,363 SL 5.000000000000 0 0    
    WEB SITE 2002-02-28 45,900 45,900 SL 3.000000000000 0 0    
    COMPUTER EQUIPMENT 2003-06-30 1,709 1,709 SL 5.000000000000 0 0    
    A/C UNIT 2005-07-01 3,000 3,000 SL 5.000000000000 0 0    
    3 AIR CONDITIONERS 2006-07-12 3,800 3,800 SL 5.000000000000 0 0    
    COMPUTER EQUIPMENT 2007-04-27 6,199 6,199 SL 5.000000000000 0 0    
    BUILDING IMPROVEMENTS 2008-06-01 68,909 12,516 SL 39.000000000000 1,767 0    
    OFFICE EQUIPMENT 2009-06-30 4,533 4,533 SL 5.000000000000 0 0    
    PHONE SYSTEM 2010-11-10 12,025 11,223 SL 5.000000000000 802 0    
    OFFICE EQUIPMENT 2011-12-31 10,927 7,648 SL 5.000000000000 2,185 0    
    SOFTWARE 2011-12-31 7,820 7,820 SL 3.000000000000 0 0    
    COMPUTER EQUIPMENT 2012-08-31 14,591 8,268 SL 5.000000000000 2,918 0    

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN:
    13-3255693
    Name of Stock End of Year Book Value End of Year Fair Market Value
    EQUITIES AT WESTFIELD MANAGEMENT 6,678,056 7,373,390
    EQUITIES AT COOKE & BIELER, L.P. 6,770,739 7,630,049
    EQUITIES AT EARNEST PARTNERS, LLC 3,641,746 5,563,413
    TITAN MASTERS 3,939,516 4,819,220
    LEGG MASON BW GLOBAL OPP FUND CL IS 1,588,465 1,525,289
    WCM INTL FOCUSED GROWTH 2,591,709 2,837,018
    DODGE & COX INTL STOCK FUND 3,096,726 2,319,330

    TY 2015 InvestmentsOtherSchedule2
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN:
    13-3255693
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    GOLDENTREE HIGH YIELD PARTNERS AT COST 6,454,371 6,615,976
    IRONWOOD INTERNATIONAL LTD AT COST 4,389,863 5,370,207

    TY 2015 LandEtcSchedule2
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN:
    13-3255693
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    CO-OP APARTMENT 2,329,673 1,077,477 1,252,196  
    OFFICE FURNITURE & EQUIPMENT 157,134 157,134 0  
    OFFICE FURNITURE & EQUIPMENT 8,910 8,910 0  
    WOOD BLINDS 1,725 1,722 3  
    BUILDING IMPROVEMENTS 187,553 86,578 100,975  
    OFFICE FURNITURE & EQUIPMENT 5,229 5,229 0  
    COMPUTER EQUIPMENT 1,525 1,525 0  
    SECURITY SYSTEM 1,950 1,950 0  
    COMPUTER EQUIPMENT 28,874 28,874 0  
    OFFICE FURNITURE & EQUIPMENT 2,509 2,509 0  
    SECURITY SYSTEM 273 273 0  
    COMPUTER EQUIPMENT 6,279 6,279 0  
    COMPUTER EQUIPMENT 17,963 17,963 0  
    HP PRINTER 850 843 7  
    COMPUTER EQUIPMENT 34,667 34,667 0  
    COMPUTER EQUIPMENT 11,363 11,363 0  
    WEB SITE 45,900 45,900 0  
    COMPUTER EQUIPMENT 1,709 1,709 0  
    A/C UNIT 3,000 3,000 0  
    3 AIR CONDITIONERS 3,800 3,800 0  
    COMPUTER EQUIPMENT 6,199 6,199 0  
    BUILDING IMPROVEMENTS 68,909 14,283 54,626  
    OFFICE EQUIPMENT 4,533 4,533 0  
    PHONE SYSTEM 12,025 12,025 0  
    OFFICE EQUIPMENT 10,927 9,833 1,094  
    SOFTWARE 7,820 7,820 0  
    COMPUTER EQUIPMENT 14,591 11,186 3,405  


    TY 2015 LegalFeesSchedule
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN:
    13-3255693
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CARTER LEDYARD & MILBURN LLP 27,874 0   27,874


    TY 2015 OtherAssetsSchedule
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN:
    13-3255693
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ARTWORK 3,741,806 3,699,724 13,116,785
    SECURITY DEPOSIT 2,880 2,880 2,880
    DEPOSIT ON WEBSITE   22,500 22,500


    TY 2015 OtherDecreasesSchedule
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN:
    13-3255693
    Description Amount
    UNREALIZED GAIN/LOSS FROM PASSTHROUGHS AND BOOK ADJUSTMENTS 1,133,841


    TY 2015 OtherExpensesSchedule
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN:
    13-3255693
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 38,750 17,412   21,338
    OFFICE EXPENSE 31,617 7,904   23,713
    TELEPHONE 20,253 5,468   14,785
    COMMITTEE OF SELECTION 17,523 0   17,523
    ARTWORK EXPENSE 61,174 61,174   0
    STATE FILING FEES 1,916 0   1,916
    POSTAGE 2,876 719   2,157
    EQUIPMENT LEASING 17,967 4,492   13,475
    COMPUTER EXPENSE 5,093 1,273   3,820
    INVESTMENT EXPENSE-CUSTODY FEES 45,729 45,729   0
    THROUGH PASSTHROUGH ENTITIES 450,170 450,170   0


    TY 2015 OtherIncomeSchedule2
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN:
    13-3255693
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME 208,396 208,396 208,396
    UBTI INCOME INCLUDED ABOVE   -112,492  
    GOLDENTREE PARTNERS-PORTFOLIO 775,913 775,913 775,913


    TY 2015 OtherLiabilitiesSchedule
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN:
    13-3255693
    Description Beginning of Year - Book Value End of Year - Book Value
    ACCRUED PENSION 120,004 121,740


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN:
    13-3255693
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EARNEST PARTNERS, LLC 53,820 53,820   0
    COOKE & BEILER, L.P. 44,359 44,359   0
    CYBER CITY INC 37,156 14,119   23,037
    PRINCIPAL FINANCIAL-PENSION SERVICE 9,500 3,135   6,365
    WESTFIELD CAPITAL 57,808 57,808   0
    GAVION 46,841 46,841   0
    WCM INTL 39,990 39,990   0
    MICROEDGE 18,222 6,924   11,298
    FINN PARTNERS 15,097 0   15,097


    TY 2015 TaxesSchedule
    Name:
    THE POLLOCK-KRASNER FOUNDATION INC
    EIN:
    13-3255693
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE 80,000 0   0
    PAYROLL 57,687 13,820   43,867
    FOREIGN TAX WITHHELD 10,049 10,049   0
    TAX ON UBTI 1,255 0   0