Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
Name of foundation
The June Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)4221 Wilshire Blvd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Los Angeles, CA90010
A Employer identification number

95-4745292
B Telephone number (see instructions)

(323) 648-3292
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$18,909,207J 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) 506,391
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 367,389 367,389  
5a Gross rents............ 5,000 5,000  
b Net rental income or (loss) -2,092
6a Net gain or (loss) from sale of assets not on line 10 310,796
b Gross sales price for all assets on line 6a 30,496,446
7 Capital gain net income (from Part IV, line 2)... 311,334
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 -56,827 -56,827  
12 Total. Add lines 1 through 11........ 1,132,749 626,896  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 147,500 73,750   73,750
14 Other employee salaries and wages...... 56,454 28,227   28,227
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 45,281 22,641   22,640
c Other professional fees (attach schedule).... Click to see attachment 5,925 2,963   2,962
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion... Click to see attachment 7,092 7,092  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 251,793 234,684   17,109
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 514,045 369,357   144,688
25 Contributions, gifts, grants paid....... 781,635 781,635
26 Total expenses and disbursements. Add lines 24 and 25 1,295,680 369,357   926,323
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -162,931
b Net investment income (if negative, enter -0-) 257,539
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,477,283 2,107,971 2,107,971
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) bullet632,611
Less: allowance for doubtful accounts bullet   1,722,803 Click to see attachment632,611 632,611
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 92,611 Click to see attachment92,611 92,611
b Investments—corporate stock (attach schedule)....... 3,733,649 Click to see attachment7,032,199 7,032,199
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).......... 10,491,180 Click to see attachment8,600,907 8,600,907
14 Land, buildings, and equipment: basis bullet450,000
Less: accumulated depreciation (attach schedule) bullet7,092   Click to see attachment442,908 442,908
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 17,517,526 18,909,207 18,909,207
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
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 17,517,526 18,909,207
30 Total net assets or fund balances (see instructions)..... 17,517,526 18,909,207
31 Total liabilities and net assets/fund balances (see instructions). 17,517,526 18,909,207
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
17,517,526
2
Enter amount from Part I, line 27a .....................
2
-162,931
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,554,612
4
Add lines 1, 2, and 3 ..........................
4
18,909,207
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
18,909,207
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 Total Short Term Capital Gain P 2015-01-01 2015-01-01
b Total Long Term Capital Gain P 2015-01-01 2015-01-01
c 195 Lakeside Dr P    
d Capital Gain Distribution P 2015-01-01 2015-01-01
e Interactive Brokers Covered Short-Term P 2015-01-01 2015-01-01
Interactive Brokers Covered Long-Term P 2014-01-01 2015-12-31
Interactive Brokers Noncovered P 2015-01-01 2015-01-01
Wash Sale      
(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 1,513,622   1,540,916 -27,294
b 271,844   272,730 -886
c 1,371,657   1,322,579 49,078
d 858     858
e 26,757,590   26,619,851 137,739
544,361   429,574 114,787
36,514     36,514
      538
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       -27,294
b       -886
c       49,078
d       858
e       137,739
      114,787
      36,514
       
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 2 311,334
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 877,679 17,151,017 0.05117
2013 865,910 17,092,357 0.05066
2012 784,910 16,194,716 0.04847
2011 853,763 16,762,509 0.05093
2010 562,622 15,441,440 0.03644
2
Total of line 1, column (d) .....................
20.237671
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
0.047534
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
17,940,166
5
Multiply line 4 by line 3......................
5
852,768
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
2,575
7
Add lines 5 and 6........................
7
855,343
8
Enter qualifying distributions from Part XII, line 4.............
8
926,323
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 2,575
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 2,575
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,575
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 15,000
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 15,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 12,425
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet12,425 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
No
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletMatthew Kest Telephone no.bullet (323) 648-3292

    Located atbullet4221 Wilshire Blvd Suite 390Los AngelesCA ZIP+4bullet90010
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Michael Kest President
    2.00     		0    
    4221 Wilshire Blvd Suite 390
    Los Angeles,CA90010
    Matthew Kest CFO
    40.00     		147,500    
    4221 Wilshire Blvd Suite 390
    Los Angeles,CA90010
    Yosef Manela Secretary
    1.00     		0    
    6300 Wilshire Blvd Suite 2030
    Los Angeles,CA90048
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    5,382,924
    b
    Average of monthly cash balances.......................
    1b
    1,792,627
    c
    Fair market value of all other assets (see instructions)................
    1c
    11,037,816
    d
    Total (add lines 1a, b, and c).........................
    1d
    18,213,367
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    18,213,367
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    273,201
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    17,940,166
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    897,008
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    897,008
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    2,575
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,575
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    894,433
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    894,433
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    894,433
    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
    926,323
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    926,323
    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
    2,575
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    923,748
    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 7 894,433
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 778,950
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 926,323
    a Applied to 2014, but not more than line 2a 778,950
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 147,373
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2015.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		747,060
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    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).)
    Michael Kest
    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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    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
    National Soc For Hebrew Day Schools
    1090 Coney Island Ave 3RD FL
    Brooklyn,NY11210     		None PC Public Support of Organization's Mission 200,000
    Aish Tamid of Los Angeles
    5909 W 3rd St
    Los Angeles,CA90036     		None PC Public Support of Organization's Mission 100
    American Friends of Aish Hatorah
    1417 S Doheny Dr
    Los Angeles,CA90035     		None PC Public Support of Organization's Mission 100
    Bais Aharon
    1430 14th St
    Lakewood,NJ08701     		None PC Public Support of Organization's Mission 100
    Bais Chabad of Farmington Hills
    32000 Middlebelt Rd
    Farmington Hills,MI48334     		None PC Public Support of Organization's Mission 500
    Bais Gavriel
    143 N Formosa Ave
    Los Angeles,CA90336     		None PC Public Support of Organization's Mission 100
    Bais Medrash of Spring Valley
    23 Union Rd
    Spring Valley,NY10977     		None PC Public Support of Organization's Mission 100
    Bais Tefila
    5417 Whitsett Ave 101
    Valley Village,CA91607     		None PC Public Support of Organization's Mission 100
    Bais Yaakov Los Angeles
    7353 Beverly Blvd
    Los Angeles,CA90036     		None PC Public Support of Organization's Mission 750
    Bais Yaakov School For Girls
    7353 Beverly Blvd
    Los Angeles,CA90036     		None PC Public Support of Organization's Mission 1,675
    Beis Medrash Elyon
    73 Main St
    Monsey,NY10952     		None PC Public Support of Organization's Mission 100
    Beit Knesset Torah Ohr Los Angeles
    7200 Beverly Blvd
    Los Angeles,CA90036     		None PC Public Support of Organization's Mission 100
    Binyan Torah
    210 Giant Dr
    Richmond,VA23224     		None PC Public Support of Organization's Mission 100
    Bnos Orchos Chaim
    388 Chestnut St
    Lakewood,NJ08701     		None PC Public Support of Organization's Mission 1,900
    Chabad of Monroe
    261 Gravel Hill Rd
    Monroe Township,NJ08831     		None PC Public Support of Organization's Mission 100
    Chai Lifeline West Coast
    9233 W Pico Blvd Suite 200
    Los Angeles,CA90035     		None PC Public Support of Organization's Mission 402
    Chemdas Torah
    Los Angeles
    Los Angeles,CA90036     		None PC Public Support of Organization's Mission 100
    Chevra Kadisha
    7832 Santa Monica Blvd
    West Hollywood,CA90046     		None PC Public Support of Organization's Mission 1,000
    Chofetz Chaim Heritage Foundation
    204 Clifton Ave
    Lakewood,NJ08701     		None PC Public Support of Organization's Mission 100
    Community Essentials
    9454 Wilshire Blvd 4th Fl
    Beverly Hills,CA90212     		None PC Public Support of Organization's Mission 300
    Cong Chaye Olom
    Los Angeles
    Los Angeles,CA90036     		None PC Public Support of Organization's Mission 250
    Cong Etz Chaim
    1555 E 7th St
    Brooklyn,NY11230     		None PC Public Support of Organization's Mission 15,000
    Cong Levi Yitzchok
    356 N La Brea
    Los Angeles,CA90036     		None PC Public Support of Organization's Mission 1,000
    Cong Maza Cohen - Sadogora
    122 Harrison Avenue
    Brooklyn,NY11206     		None PC Public Support of Organization's Mission 100
    Congregation Bais Naftoli
    221 S La Brea
    Los Angeles,CA90036     		None PC Public Support of Organization's Mission 100
    Congregation Kehilas Yaakov
    7211 Beverly Blvd
    Los Angeles,CA90036     		None PC Public Support of Organization's Mission 2,000
    Congregation Zichron Moshe
    1441 Monmouth Ave
    Lakewood,NJ08701     		None PC Public Support of Organization's Mission 360
    Cranbury Kollel
    4A Cedar Brook Dr
    Cranbury,NJ08512     		None PC Public Support of Organization's Mission 100
    Daas Chochma
    Los Angeles
    Los Angeles,CA90036     		None PC Public Support of Organization's Mission 750
    EOM
    Los Angeles
    Los Angeles,CA90036     		None PC Public Support of Organization's Mission 1,000
    Ezras Avos
    Los Angeles
    Los Angeles,CA90036     		None PC Public Support of Organization's Mission 100
    Ezrat Yisroel
    4415 14th Ave
    Brooklyn,NY11219     		None PC Public Support of Organization's Mission 100
    Hatzolo
    1880 Ocean Ave
    New York,NY11230     		None PC Public Support of Organization's Mission 300
    Institute For Dayanim
    21751 W 11 MILE RD
    Southfield,MI48076     		None PC Public Support of Organization's Mission 360
    Israel Purim Fund
    205 Wet Beech St PO Box 630
    Long Beach,NY11561     		None PC Public Support of Organization's Mission 100
    JETS
    16601 Rinaldi St
    Granada Hills,CA91344     		None PC Public Support of Organization's Mission 100
    Jewish Routes
    9027 W Pico Blvd
    Los Angeles,CA90035     		None PC Public Support of Organization's Mission 100
    Kedushas Pinchas
    1063 54th Street
    Brooklyn,NY11219     		None PC Public Support of Organization's Mission 250
    Keren Zichron Moshe
    22 Edward St
    Woodmere,NY11598     		None PC Public Support of Organization's Mission 100
    Kneses Bais Yisroel
    4221 Sunset Blvd
    Minneapolis,MN55416     		None PC Public Support of Organization's Mission 100
    LA Teacher Center of Torah UMesorah
    1030 Robertson Blvd
    Los Angeles,CA90035     		None PC Public Support of Organization's Mission 1,050
    Ladies Aux of Bnos Orchos Chaim
    410 Oberlin Ave S
    Lakewood Township,NJ08701     		None PC Public Support of Organization's Mission 18
    LINK East
    6022 W Pico Blvd
    Los Angeles,CA90035     		None PC Public Support of Organization's Mission 360
    Maaseh Chesed
    199 Lee Ave PMD 221
    Brooklyn,NY11211     		None PC Public Support of Organization's Mission 2,660
    Machon L'Hoyroa
    168 Maple Ave
    Monsey,NY10952     		None PC Public Support of Organization's Mission 10,000
    MBY CHARITY FUND
    6022 W Pico Blvd 101
    Los Angeles,CA90035     		None PC Public Support of Organization's Mission 720
    Mesivta Keser Torah
    503 11th Ave
    Belmar,NJ07719     		None PC Public Support of Organization's Mission 100
    Metzad Congregation
    662 Lefferts Ave
    Brooklyn,NY11203     		None PC Public Support of Organization's Mission 360
    Misameach
    326 3rd St Suite 305
    Lakewood,NJ08701     		None PC Public Support of Organization's Mission 100
    Mosdot Merkaz Letorah Israel
    1569 46th St
    Brooklyn,NY11219     		None PC Public Support of Organization's Mission 100
    Noam Hatorah
    947 Park Ave
    Lakewood,NJ08701     		None PC Public Support of Organization's Mission 100
    Od Yosef Chai
    18 New County Rd
    Monsey,NY10952     		None PC Public Support of Organization's Mission 100
    Ohel Miriam
    Los Angeles
    Los Angeles,CA90036     		None PC Public Support of Organization's Mission 100
    Ohel Yitzchok
    Los Angeles
    Los Angeles,CA90036     		None PC Public Support of Organization's Mission 100
    Ohr Elchonon
    Los Angeles
    Los Angeles,CA90036     		None PC Public Support of Organization's Mission 500
    Ohr Eliyahu Rabbi's Fund
    Los Angeles
    Los Angeles,CA90036     		None PC Public Support of Organization's Mission 500
    Ohr Haner
    1654 53rd St
    Brooklyn,NY11204     		None PC Public Support of Organization's Mission 100
    Ramot Torah Schools
    Los Angeles
    Los Angeles,CA90036     		None PC Public Support of Organization's Mission 50
    Shaarei Torah
    334 N La Brea Ave
    Los Angeles,CA90036     		None PC Public Support of Organization's Mission 400
    Shuva Yisroel
    Los Angeles
    Los Angeles,CA90036     		None PC Public Support of Organization's Mission 500
    The Cheder
    Los Angeles
    Los Angeles,CA90036     		None PC Public Support of Organization's Mission 100
    The Shul Fund
    Los Angeles
    Los Angeles,CA90036     		None PC Public Support of Organization's Mission 500
    Tiferes Achim
    1442 45th St
    Brooklyn,NY11219     		None PC Public Support of Organization's Mission 1,000
    Tiferes Bachurim
    Los Angeles
    Los Angeles,CA90036     		None PC Public Support of Organization's Mission 100
    TLC
    9008 Cashio
    Los Angeles,CA90035     		None PC Public Support of Organization's Mission 750
    Tomchei Shabbos
    Los Angeles
    Los Angeles,CA90036     		None PC Public Support of Organization's Mission 5,600
    Torah For Special Children
    6214 24 Ave
    Brooklyn,NY11204     		None PC Public Support of Organization's Mission 200
    Tzedaka Fund
    42 W 39th St RM 901
    New York,NY10018     		None PC Public Support of Organization's Mission 1,925
    United Institute of Karlin Stolin
    1436 42nd St
    Brooklyn,NY11219     		None PC Public Support of Organization's Mission 100
    Valley Torah High School
    12517 Chandler Blvd
    Valley Village,CA91607     		None PC Public Support of Organization's Mission 1,000
    Yeshiva Derech Chaim
    1573 39th ST
    Brooklyn,NY11218     		None PC Public Support of Organization's Mission 100
    Yeshiva Gedolah of Lakewood
    Los Angeles
    Los Angeles,CA90036     		None PC Public Support of Organization's Mission 100
    Yeshiva High Tech
    5870 W Olympic Blvd
    Los Angeles,CA90036     		None PC Public Support of Organization's Mission 250
    Yeshiva Keren Hatorah
    299 Monmouth Ave
    Lakewood,NJ08701     		None PC Public Support of Organization's Mission 100
    Yeshiva Ner Aryeh
    12422 Chandler Blvd
    Valley Village,CA91607     		None PC Public Support of Organization's Mission 100
    Yeshiva of the Telshe Alumni
    4904 Independence Avenue
    Riverdale,NY10471     		None PC Public Support of Organization's Mission 1,000
    Yeshiva Ohev Shalom
    525 S Fairfax Ave
    Los Angeles,CA90036     		None PC Public Support of Organization's Mission 200
    Yeshiva Ohr Menachem
    8 Darby Rd
    Monsey,NY10952     		None PC Public Support of Organization's Mission 200
    Yeshiva Orchos Chaim
    410 Oberlin Ave S
    Lakewood Township,NJ08701     		None PC Public Support of Organization's Mission 1,800
    Yeshiva Rav Isacsohn
    7223 Beverly Blvd Ste 201
    Los Angeles,CA90036     		None PC Public Support of Organization's Mission 540
    Yeshivas Chayel Olam
    Los Angeles
    Los Angeles,CA90036     		None PC Public Support of Organization's Mission 100
    Yeshivas Knesses Bais Ahron
    Los Angeles
    Los Angeles,CA90036     		None PC Public Support of Organization's Mission 100
    Yeshivas Ohev Shalom
    525 S Fairfax Ave
    Los Angeles,CA90036     		None PC Public Support of Organization's Mission 180
    Yeshivas Ohr Hameir Peekskill
    Los Angeles
    Los Angeles,CA90036     		None PC Public Support of Organization's Mission 500
    Yeshivas Radin
    Los Angeles
    Los Angeles,CA90036     		None PC Public Support of Organization's Mission 100
    Young Israel of Hancock Park
    225 S La Brea Ave
    Los Angeles,CA90036     		None PC Public Support of Organization's Mission 500
    Young Israel Of Northridge
    Los Angeles
    Los Angeles,CA90036     		None PC Public Support of Organization's Mission 100
    Young Israel Tzedakah Fund
    50 Eisenhower Drive Suite 102
    Paramus,NJ07652     		None PC Public Support of Organization's Mission 5,500
    Zichron Shlome Refuah Fund
    Los Angeles
    Los Angeles,CA90036     		None PC Public Support of Organization's Mission 50
    West Coast Vaad Hachesed
    7200 Beverly Blvd
    Los Angeles,CA90036     		None PC Public Support of Organization's Mission 23,970
    Marbeh Tzedakah
    345 N La Brea 208
    Los Angeles,CA90036     		None PC Public Support of Organization's Mission 1,455
    Kollel Bais Yechiel
    6080 N Whipple Street
    Chicago,IL60659     		None PC Public Support of Organization's Mission 500
    Jewish Community Foundation
    6505 Wilshire Blvd Suite 1200
    Los Angeles,CA90048     		None PC Public Support of Organization's Mission 85,000
    Fidelity Charitable Donor Advised F
    PO Box 770001
    Cincinnati,OH45277     		None PC Public Support of Organization's Mission 400,000
    Total .................................bullet 3a 781,635
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		         
    4 Dividends and interest from securities....     14 367,389  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 -2,092  
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 310,796  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aAltair - GOF III, LLC K-1     		    14 153,728  
    bAltair - Marathon SOF LLC     14 -5,598  
    cAltair - Rimrock, LLC K-1     14 -18,810  
    dAltair Direct Lending Fun     14 -4,310  
    eALTAIR GLOBAL CREDIT     14 46,621  
    fALTAIR GLOBAL CREDIT     18 35,660  
    gAltair Special Situations     14 27,702  
    hAltair Special Situations     16 -341  
    iAltair Special Situations     18 8,416  
    jCanyon Distressed Opportu     18 52,671  
    kEastside Century Partners     14 -441,519  
    lMagellan Midstream Partne     14 -3,469  
    mSpectra Energy Partners L     14 -3,767  
    nSpectra Energy Partners L     18 -306  
    oTate Loan     14 66,000  
    pU.S. Farming Realty Fund     14 -99  
    qU.S. Farming Realty Fund     16 10,713  
    rU.S. Farming Realty Fund     18 3,811  
    sVarious K-1s Received     14 14,208  
    tWC16 LLC K-1     16 1,862  
    12 Subtotal. Add columns (b), (d), and (e)..   619,266  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13619,266
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID: 15000324
    Software Version: 2015v3.0


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2015
    Name of the organization
    The June Foundation
     
    Employer identification number

    95-4745292
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2
    Name of organization
    The June Foundation
          		Employer identification number
    95-4745292
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    Michael Kest  
    4221 Wilshire Blvd
     
    Los Angeles, CA90010

    		$ 200,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
     
     

    Kest 2012 Charitable Lead Annuity T  
    5150 Overland Ave
     
    Culver City, CA90230

    		$ 306,391


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 3
    Name of organization
    The June Foundation
          		Employer identification number

    95-4745292
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 4
    Name of organization
    The June Foundation
          		Employer identification number

    95-4745292
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

    Additional Data


    Software ID: 15000324
    Software Version: 2015v3.0

    TY 2015 AccountingFeesSchedule
    Name:
    The June Foundation
    EIN:
    95-4745292
    Software ID:
    15000324
    Software Version:
    2015v3.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 45,281 22,641 0 22,640

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

    TY 2015 DepreciationSchedule
    Name:
    The June Foundation
    EIN:
    95-4745292
    Software ID:
    15000324
    Software Version:
    2015v3.0
    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
    940 1st Ave, NY, NY 2015-06-13 360,000   SL 1.97 % 7,092 7,092    

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    The June Foundation
    EIN:
    95-4745292
    Software ID:
    15000324
    Software Version:
    2015v3.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Interactive Brokers - U518854 1,447,064 1,447,064
    Luminous Capital - 213942 3,942,032 3,942,032
    Luminous Capital- 269263 637,700 637,700
    Monarch Capital 1291 357,602 357,602
    Monarch Capital 1291 647,801 647,801

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    The June Foundation
    EIN:
    95-4745292
    Software ID:
    15000324
    Software Version:
    2015v3.0
    US Government Securities - End of Year Book Value:

    92,611
    US Government Securities - End of Year Fair Market Value:

    92,611
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2015 InvestmentsOtherSchedule2
    Name:
    The June Foundation
    EIN:
    95-4745292
    Software ID:
    15000324
    Software Version:
    2015v3.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Luminous Capital Rimrock K-1 AT COST 1,919,825 1,919,825
    Luminous Capital US Farming Realty FD LP AT COST 927,834 927,834
    Canyon Distressed Opportunity FD AT COST 75,821 75,821
    Global Credit Opp FD FKA Senior Credit F AT COST 1,269,779 1,269,779
    Special Situations Fund K-1 AT COST 295,233 295,233
    CIBC World Markets Inc Vision Opp FD Tru AT COST 867,876 867,876
    Eastside Century Partners AT COST 888,687 888,687
    LC GOF III AT COST 627,899 627,899
    Direct Lending LP Class B AT COST 190,155 190,155
    Altair Marathon SOF, LLC AT COST 492,694 492,694
    Altair PCOF, LLC AT COST    
    195 Lakeside LLC AT COST    
    WC16 LLC AT COST    
    Spectra Energy Partners LP AT COST    
    Magellan Midstream Partners LP AT COST    
    Canyon Distress Oppotunity Fund AT COST 64,428 64,428
    Chase Merritt Fund II, LLC AT COST    
    CMRA Associates AT COST    
    CMRA Management AT COST    
    Neuman Dakota Investors LLC AT COST 980,676 980,676
    Altair-US Farming Realty Fund AT COST    
    Altair Direct Lending Fund LLC AT COST    

    TY 2015 LandEtcSchedule2
    Name:
    The June Foundation
    EIN:
    95-4745292
    Software ID:
    15000324
    Software Version:
    2015v3.0
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Buildings 360,000 7,092 352,908 352,908
    Land 90,000   90,000 90,000


    TY 2015 OtherExpensesSchedule
    Name:
    The June Foundation
    EIN:
    95-4745292
    Software ID:
    15000324
    Software Version:
    2015v3.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Bank Charges 100 50   50
    Insurance 475 238   237
    Other Investment Expense 217,573 217,573    
    Section 105 MERP 31,928 15,964   15,964
    Taxes, Licenses, & Permits 180 90   90
    Telephone 1,537 769   768


    TY 2015 OtherIncomeSchedule2
    Name:
    The June Foundation
    EIN:
    95-4745292
    Software ID:
    15000324
    Software Version:
    2015v3.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Altair - GOF III, LLC K-1 153,728 153,728  
    Altair - Marathon SOF LLC -5,598 -5,598  
    Altair - Rimrock, LLC K-1 -18,810 -18,810  
    Altair Direct Lending Fun -4,310 -4,310  
    ALTAIR GLOBAL CREDIT 35,660 35,660  
    ALTAIR GLOBAL CREDIT 46,621 46,621  
    Altair Special Situations 27,702 27,702  
    Altair Special Situations -341 -341  
    Altair Special Situations 8,416 8,416  
    Canyon Distressed Opportu 52,671 52,671  
    Eastside Century Partners -441,519 -441,519  
    Magellan Midstream Partne -3,469 -3,469  
    Spectra Energy Partners L -306 -306  
    Spectra Energy Partners L -3,767 -3,767  
    Tate Loan 66,000 66,000  
    U.S. Farming Realty Fund 10,713 10,713  
    U.S. Farming Realty Fund 3,811 3,811  
    U.S. Farming Realty Fund -99 -99  
    Various K-1s Received 14,208 14,208  
    WC16 LLC K-1 1,862 1,862  


    TY 2015 OtherIncreasesSchedule
    Name:
    The June Foundation
    EIN:
    95-4745292
    Software ID:
    15000324
    Software Version:
    2015v3.0
    Description Amount
    Prior Period Tax to Book Basis Adjustment 1,554,612


    TY 2015 OtherNotesLoansRcvblShortSch2
    Name:
    The June Foundation
    EIN:
    95-4745292
    Software ID:
    15000324
    Software Version:
    2015v3.0
    Name of 501(c)(3) Organization Balance Due
     
          		632,611


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    The June Foundation
    EIN:
    95-4745292
    Software ID:
    15000324
    Software Version:
    2015v3.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal Fees 5,925 2,963 0 2,962