TY 2015 Form 990PF

- TIN:

Form990-PF
Click to see list of attachments

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

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

OMB No. 1545-0052

2015

Open to Public Inspection

For calendar year 2015, or tax year beginning 10-01-2015 , and ending 09-30-2016

Name of foundation
SEVEN BRIDGES FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)114 JOHN STREET
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
GREENWICH, CT06831

A Employer identification number

06-1498953

B Telephone number (see instructions)

(203) 861-7527

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$84,883,138J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)	10,240
2	Check Sch. B .............
3	Interest on savings and temporary cash investments	109		109	109
4	Dividends and interest from securities...	611,477		611,477	611,477
5a	Gross rents............	66,000		66,000	66,000
b	Net rental income or (loss) 66,000
6a	Net gain or (loss) from sale of assets not on line 10		3,456,319
b	Gross sales price for all assets on line 6a 53,759,425
7	Capital gain net income (from Part IV, line 2)...			3,456,319
8	Net short-term capital gain.........				5,248,816
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	4,144,145		4,133,905	5,926,402
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......	179,875				179,875
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		17,825	8,912	8,912	8,913
c	Other professional fees (attach schedule)....		126,587	93,587	93,587	33,000
17	Interest...............	100		100	100
18	Taxes (attach schedule) (see instructions)...		282,392	92	92	282,300
19	Depreciation (attach schedule) and depletion...		437,441
20	Occupancy..............
21	Travel, conferences, and meetings.......	15,539				15,539
22	Printing and publications..........
23	Other expenses (attach schedule).......		299,693	9,279	9,279	290,414
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	1,359,452		111,970	111,970	810,041
25	Contributions, gifts, grants paid.......	0				0
26	Total expenses and disbursements. Add lines 24 and 25	1,359,452		111,970	111,970	810,041
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	2,784,693
b	Net investment income (if negative, enter -0-)			4,021,935
c	Adjusted net income (if negative, enter -0-)...				5,814,432

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2015)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	3,043,757	3,231,550	3,232,640
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	8,541,156	9,576,628	7,407,840
	c	Investments—corporate bonds (attach schedule).......	8,812,737	9,430,218	9,559,406
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	3,048,616	3,840,709	3,130,828
	14	Land, buildings, and equipment: basis 27,900,729
		Less: accumulated depreciation (attach schedule) 2,999,215	25,301,301	24,901,514	24,901,514
	15	Other assets (describe )	36,089,977	36,650,910	36,650,910
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	84,837,544	87,631,529	84,883,138
	17	Accounts payable and accrued expenses..........		9,292
	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 )
	23	Total liabilities (add lines 17 through 22).........		9,292
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	17,210,649	17,210,649
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	67,626,895	70,411,588
	30	Total net assets or fund balances (see instructions).....	84,837,544	87,622,237
	31	Total liabilities and net assets/fund balances (see instructions).	84,837,544	87,631,529

Part III

Analysis of Changes in Net Assets or Fund Balances

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

84,837,544

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

2,784,693

Other increases not included in line 2 (itemize) bullet

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

87,622,237

Decreases not included in line 2 (itemize) bullet

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

87,622,237

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	Lynn Chadwick - Wind IV	P	2003-06-29	2015-12-21
b	Bo Bartlett - America	P	2008-06-30	2016-03-04
c	Heinz - "1-2-3"	P	2008-05-03	2016-09-15
d	IMPERIAL CAPITAL - SEE ATTACHED	P	2016-01-01	2016-09-30
e	IMPERIAL CAPITAL - SEE ATTACHED	P	2000-01-01	2016-09-30
	BTIG - SEE ATTACHED	P	2016-01-01	2016-09-30
	BTIG - SEE ATTACHED	P	2000-01-01	2016-09-30
	7,321 Affiliated Managers GRP 6.375%	P	2013-02-04	2016-01-29
	4,705 Raymond James Financial 6.90%	P	2012-03-02	2016-09-17
	1,800 Qwest Corporation 7.375%	P	2015-10-16	2016-08-29
	1,000 Entergy New Orleans 5.5%	P	2016-03-15	2016-09-02
	5,200 Endurance Specialty Hldg 7.5%	P	2011-12-28	2015-12-24
	1,000 Axis Capital Holdings 6.875%	P	2012-03-12	2016-01-05
	405 Axis Capital Holdings 6.875%	P	2012-09-25	2016-02-11
	3,692 Axis Capital Holdings 6.875%	P	2012-03-12	2016-02-26
	5,914 Aspen Insurance Hldg 7.401%	P	2015-03-20	2016-03-08
	1,761 Aspen Insurance Hldg 7.401%	P	2015-03-20	2016-03-10
	620 Aspen Insurance Hldg 7.401%	P	2015-03-20	2016-03-31
	12,095 Equity Commonwealth 7.25%	P	2011-08-25	2016-05-16
	17,250 Endurance Specialty Hldg 7.5%	P	2012-09-25	2016-06-01
	100,000 General Elec Capital 7.125%	P	2012-06-07	2015-12-03
	450 General Elec Co 4% Perp	P	2015-12-03	2016-02-09
	800 Allstate Corp 6.625%	P	2014-12-23	2015-11-05
	2,200 Allstate Corp 6.625%	P	2014-06-11	2015-11-24
	1,100 BB&T Corporation 5.625%	P	2014-07-24	2016-01-05
	1,500 Allstate Corp 6.625%	P	2014-06-11	2016-02-02
	1,100 First Niagara Fin GRP 8.625%	P	2011-12-07	2016-04-20
	9,000 HSBC Finance Corp 6.36%	P	2014-05-20	2016-06-30
	1,000 First Rebublic Bank 6.70%	P	2015-06-05	2016-07-25
	100 Fifth Third Bancorp 6.625%	P	2014-02-25	2016-08-11
	400 First Rebublic Bank 6.70%	P	2015-06-05	2016-08-23
	Settled transactions	P	2000-01-01	2016-06-01

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	859,241	305,000	554,241
b	150,000	160,000	-10,000
c	16,000	20,000	-4,000
d	3,320,961		3,320,961
e		871,533	-871,533
	45,834,670	43,899,263	1,935,407
	1,434,691	1,839,388	-404,697
	190,874	188,516	2,358
	122,838	119,742	3,096
	45,106	45,954	-848
	26,779	25,000	1,779
	130,000	131,355	-1,355
	26,969	25,000	1,969
	10,145	10,631	-486
	97,517	92,300	5,217
	147,069	154,060	-6,991
	43,739	45,874	-2,135
	15,260	16,151	-891
	302,375	302,182	193
	431,250	456,410	-25,160
	107,479	100,000	7,479
	456	392	64
	21,907	21,328	579
	60,250	57,414	2,836
	28,851	27,500	1,351
	41,099	39,081	2,018
	29,292	27,500	1,792
	225,000	210,563	14,437
	26,029	26,030	-1
	3,170	2,600	570
	10,408	10,412	-4
		1,071,927	-1,071,927

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			554,241
b			-10,000
c			-4,000
d			3,320,961
e			-871,533
			1,935,407
			-404,697
			2,358
			3,096
			-848
			1,779
			-1,355
			1,969
			-486
			5,217
			-6,991
			-2,135
			-891
			193
			-25,160
			7,479
			64
			579
			2,836
			1,351
			2,018
			1,792
			14,437
			-1
			570
			-4
			-1,071,927

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	3,456,319
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3	5,248,816

Part V

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

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

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

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

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

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

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2014	2,476,968	21,061,936	0.11760
2013	1,921,330	29,297,209	0.06558
2012	2,991,246	43,412,205	0.06890
2011	5,911,135	60,497,644	0.09771
2010	10,327,612	70,318,220	0.14687

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

20.496667

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

0.099333

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

19,253,504

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

1,912,508

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

40,219

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

1,952,727

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

1,990,973

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

Form 990-PF (2015)

Page 4

Part VI

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	40,219
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	40,219
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	40,219
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	104,300
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	104,300
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	64,081
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax64,081	Refunded	11

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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.............................

Yes

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

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

Form 990-PF (2015)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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

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

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

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

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

Yes

Website address bullet

WWW.SEVENBRIDGES.ORG

The books are in care of bullet

LINDA WILLIAMS Telephone no. bullet

(203) 861-7527

Located at bullet

114 JOHN STREETGREENWICHCT ZIP+4 bullet

06831

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

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

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

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

16 No

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

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If "Yes," list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2015)

Page 6

Part VII-B

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2015)

Page 7

Part VIII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
richard c mckenzie jr	President 15.00	0
114 john street greenwich,CT06831	President 15.00	0
Laura Kaehler	Director 0.50	0
114 john street greenwich,CT06831	Director 0.50	0
philip korsant	Director 0.50	0
114 john street greenwich,CT06831	Director 0.50	0
james shantz	Director 0.50	0
114 john street greenwich,CT06831	Director 0.50	0
eileen baylis	Director 0.50	0
114 john street greenwich,CT06831	Director 0.50	0
steve walker	Director 0.50	0
114 john street greenwich,CT06831	Director 0.50	0
john ryan	Director 0.50	0
114 john street greenwich,CT06831	Director 0.50	0

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


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
linda williams	Bus. Manager 30.00	82,875
114 john street greenwich,CT06831	Bus. Manager 30.00	82,875
Alicia Castro	Prop. Manager 30.00	52,000
114 john street greenwich,CT06831	Prop. Manager 30.00	52,000






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

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
flaherty & crumrine	portfolio management	87,342
301 e colorado blvd suite 720 pasadena,CA91101	portfolio management	87,342

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	collection of contemporary and modern works of art - new acquisitions and improvements	1,180,932
2	development, maintenance, operation and exhibition of collection in gallery and sculpture gardens, and acquisition, maintenance and improvement of grounds and program facilities	810,041
3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2015)

Page 8

Part X

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

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

purposes:

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

16,950,199

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

2,596,506

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

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

19,546,705

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

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

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

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

19,546,705

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

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

293,201

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

19,253,504

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

962,675

Part XI

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

and do not complete this part.)

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

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

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

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

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

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

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

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

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

Part XII

Qualifying Distributions (see instructions)

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

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

810,041

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

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

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

1,180,932

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

1,990,973

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

40,219

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

1,950,754

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

Form 990-PF (2015)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2014	(c) 2014	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2015:
a From 2010......
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: $
a Applied to 2014, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2015 distributable amount.....
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 ..........
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)

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

1998-04-28

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

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2015	(b) 2014	(c) 2013	(d) 2012	(e) Total
	962,675	599,696	1,308,654	1,957,492	4,828,517
b 85% of line 2a .........	818,274	509,742	1,112,356	1,663,868	4,104,240
c Qualifying distributions from Part XII, line 4 for each year listed .....	1,990,973	2,482,965	1,921,330	2,991,246	9,386,514
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 ....	1,990,973	2,482,965	1,921,330	2,991,246	9,386,514
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...	641,783	702,064	976,573	1,447,073	3,767,493
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).)

richard c mckenzie jr

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

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

Check here bullet

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

aThe name, address, and telephone number or 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)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year

Total ................................. 3a

bApproved for future payment

Total ................................. 3b

Form 990-PF (2015)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........			14	109
4 Dividends and interest from securities....			14	611,477
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....			16	66,000
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	4,528,246	-1,071,927
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)..				5,205,832	-1,071,927

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

134,133,905

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2015)

Page 13

Part XVII

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2015)

Additional Data

Software ID:	15000324
Software Version:	2015v3.0

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

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

SEVEN BRIDGES FOUNDATION INC

Employer identification number

06-1498953

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

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

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Do not complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... 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 SEVEN BRIDGES FOUNDATION INC

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	btig llc 825 3rd Ave 6 New York, NY10022	$ 9,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (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 SEVEN BRIDGES FOUNDATION INC		Employer identification number 06-1498953

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 SEVEN BRIDGES FOUNDATION INC			Employer identification number 06-1498953
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.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No.from Part I

(b) Purpose 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

(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

(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

(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

- TIN:

TY 2015 AccountingFeesSchedule

Name:

SEVEN BRIDGES FOUNDATION INC

EIN:

06-1498953

Software ID:

15000324

Software Version:

2015v3.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
accounting	17,825	8,912	8,912	8,913

- TIN:

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

TY 2015 DepreciationSchedule

Name:

SEVEN BRIDGES FOUNDATION INC

EIN:

06-1498953

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
improvements	1999-04-01	11,836	9,768	SL	5.00 %	592
gates	1999-04-01	38,665	31,895	SL	5.00 %	1,933
shrubberies, landscaping	1999-04-01	25,107	20,708	SL	5.00 %	1,255
john st wall	1999-04-01	20,901	17,243	SL	5.00 %	1,045
waterfall	1999-04-01	6,999	5,775	SL	5.00 %	350
property improvements	2000-04-01	1,759	1,364	SL	5.00 %	88
gates	2000-04-01	12,292	9,532	SL	5.00 %	615
landscaping	2000-04-01	61,855	47,941	SL	5.00 %	3,093
john st wall	2000-04-01	77,818	60,310	SL	5.00 %	3,891
waterfall	2000-04-01	17,940	13,904	SL	5.00 %	897
john st wall	2001-04-01	67,324	48,807	SL	5.00 %	3,366
sunshields & window glaze	2001-02-07	16,256	11,924	SL	5.00 %	813
john st wall	2002-04-01	19,938	13,459	SL	5.00 %	997
waterfall	2002-08-21	4,025	2,630	SL	5.00 %	201
gallery lighting	2002-09-04	25,734	16,838	SL	5.00 %	1,287
carriage house	2002-04-01	46,556	31,428	SL	5.00 %	2,328
carriage house	2002-04-01	22,411	15,133	SL	5.00 %	1,121
john st wall	2003-04-01	32,439	20,275	SL	5.00 %	1,622
gallery improvements	2003-04-01	41,310	25,825	SL	5.00 %	2,066
property improvements	2003-04-01	30,409	19,000	SL	5.00 %	1,520
john st wall	2004-04-01	28,806	16,560	SL	5.00 %	1,440
Gallery Lighting	2004-04-01	47,450	27,289	SL	5.00 %	2,373
Bldg Impr. Gutters & Roof	2004-03-17	10,846	6,233	SL	5.00 %	542
Trellis Restoration	2004-03-09	17,215	9,973	SL	5.00 %	861
Bldg Impr. Kitchen	2004-07-14	22,437	12,622	SL	5.00 %	1,122
Wetlands Project	2004-04-01	111,409	64,055	SL	5.00 %	5,570
New drive gate	2005-03-01	4,594	2,434	SL	5.00 %	230
Gallery Lighting	2005-04-01	245,821	129,056	SL	5.00 %	12,291
Property Impr. Courtyard	2004-12-21	13,426	7,213	SL	5.00 %	671
Driveways	2004-12-21	64,024	34,411	SL	5.00 %	3,201
Stone walls/Pillars	2004-12-21	77,515	41,667	SL	5.00 %	3,876
Drainage & Sprinkler	2005-09-30	11,789	5,890	SL	5.00 %	589
Parking Area	2004-12-21	52,109	28,004	SL	5.00 %	2,605
Prprty Impr.-Wetlands	2004-11-10	7,182	3,919	SL	5.00 %	359
Bldg Impr.-Gallery Bldg	2005-07-01	59,073	30,278	SL	5.00 %	2,954
gallery imprvmnts-dimmers	2006-09-26	7,000	3,150	SL	5.00 %	350
Gallery Driveway	2005-11-22	22,000	10,817	SL	5.00 %	1,100
bldg. impr. drainline	2005-10-04	3,900	1,950	SL	5.00 %	195
bldg. impr. 117 John st	2006-05-31	349,190	162,960	SL	5.00 %	17,460
Building-117 John st	2006-05-31	530,552	247,595	SL	5.00 %	26,528
new boiler	2007-02-22	19,750	8,480	SL	5.00 %	988
stone walls	2007-03-01	63,735	27,355	SL	5.00 %	3,187
gates - gallery II	2007-03-01	65,959	28,308	SL	5.00 %	3,298
office lighting	2007-03-01	15,057	6,463	SL	5.00 %	753
roof & gutters at gllry I	2007-03-01	189,377	81,275	SL	5.00 %	9,469
stone walkways	2007-03-01	9,296	3,991	SL	5.00 %	465
turftrack parking area	2007-08-13	28,636	11,695	SL	5.00 %	1,432
irrigation system	2007-04-01	37,975	16,141	SL	5.00 %	1,899
carriage house imprvmnts	2007-04-01	13,871	5,899	SL	5.00 %	694
stone walls	2008-04-01	59,247	22,215	SL	5.00 %	2,962
security system	2008-09-11	240,432	85,156	SL	5.00 %	12,022
air cnd. unit-117 john st	2009-09-16	5,880	1,764	SL	5.00 %	294
snow blower-sp575	2009-02-12	875	833	SL	7.14 %	42
tractor-john deere	2009-07-08	11,093	9,904	SL	7.14 %	792
security camera	2009-04-15	654	214	SL	5.00 %	33
security system upgrade	2009-09-16	23,269	6,978	SL	5.00 %	1,163
washer/shades-carriage hs	2009-09-16	2,162	1,854	SL	7.14 %	154
appliances-carriage house	2009-07-17	2,282	2,010	SL	7.14 %	163
Painting carriage house	2009-07-29	5,991	2,467	SL	6.67 %	400
Renovations-Carriage hous	2009-08-17	39,121	15,871	SL	6.67 %	2,609
Landscaping-Carriage hous	2008-10-06	3,845	1,792	SL	6.67 %	256
Tileing-Carriage House	2009-09-16	4,054	1,620	SL	6.67 %	270
security system	2010-08-01	5,664	1,450	SL	5.00 %	283
security system upgrade	2011-02-01	19,075	4,293	SL	5.00 %	954
furniture & fixtures	2011-07-01	22,455	14,437	SL	14.28 %	3,207
equipment	2011-05-01	27,071	24,363	SL	10.00 %	2,708
improvements	2012-07-10	50,000	10,420	SL	6.67 %	3,335
equipment	2012-05-14	1,431	965	SL	20.00 %	286
furniture & fixtures	2012-02-01	38,321	19,846	SL	14.28 %	5,472
office equipment	2013-10-25	3,058	918	SL	20.00 %	612
office equipment	2014-03-10	3,510	1,053	SL	20.00 %	702
computer software	2013-11-18	1,300	650	SL	33.33 %	433
equipment	2014-04-08	1,168	351	SL	20.00 %	234
furniture & fixtures	2014-07-10	18,224	3,905	SL	14.29 %	2,604
automobile - dodge	2014-06-03	26,250	7,875	SL	20.00 %	5,250
BUILDING - GALLERY II	2013-10-01	9,758,377	490,359	SL	2.56 %	250,205
Boiler	2014-12-19	11,089	369	SL	6.67 %	740
Hot Water Heater	2014-12-19	3,636	121	SL	6.67 %	243
Office Equipment	2014-10-20	1,078	108	SL	20.00 %	216
Laptop	2015-02-16	890	89	SL	20.00 %	178
Landscaping	2014-10-20	8,110	270	SL	6.67 %	541
Computer Software	2014-11-13	1,180	197	SL	33.33 %	393
lenovo Laptop G2	2015-09-22	949	95	SL	20.00 %	190
Office Equipment - TV	2014-10-20	601	60	SL	20.00 %	120
Shed	2016-09-29	15,000		SL	0.63 %	94
Sonic Wall Server	2015-12-03	2,856		SL	17.50 %	500
HP Elite 8300	2016-07-12	1,974		SL	2.50 %	49
Lenovo M800	2016-08-09	2,032		SL	2.50 %	51
Server - Main	2016-09-23	5,543		SL	2.50 %	139
G2 Carpet - Gallery	2015-12-03	6,281		SL	12.50 %	785
Office Chairs	2015-12-15	968		SL	12.50 %	121
Gallery Rugs	2016-08-30	3,000		SL	1.79 %	54

- TIN:

TY 2015 InvestmentsCorpBondsSchedule

Name:

SEVEN BRIDGES FOUNDATION INC

EIN:

06-1498953

Software ID:

15000324

Software Version:

2015v3.0

Name of Bond	End of Year Book Value	End of Year Fair Market Value
bonds - flaherty	9,430,218	9,559,406

- TIN:

TY 2015 InvestmentsCorpStockSchedule

Name:

SEVEN BRIDGES FOUNDATION INC

EIN:

06-1498953

Software ID:

15000324

Software Version:

2015v3.0

Name of Stock	End of Year Book Value	End of Year Fair Market Value
equities - btig	5,738,782	4,315,546
equities - imperial capital	3,837,846	3,092,294

- TIN:

TY 2015 InvestmentsOtherSchedule2

Name:

SEVEN BRIDGES FOUNDATION INC

EIN:

06-1498953

Software ID:

15000324

Software Version:

2015v3.0

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
american gold eagle coins	AT COST	1,832,168	1,454,750
options - imperial capital	AT COST	1,647,522	1,481,250
Canadian securities - imperial capital	AT COST	361,019	194,828

- TIN:

TY 2015 LandEtcSchedule2

Name:

SEVEN BRIDGES FOUNDATION INC

EIN:

06-1498953

Software ID:

15000324

Software Version:

2015v3.0

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
Auto./Transportation Equip.	26,250	13,125	13,125	13,125
Furniture and Fixtures	501,675	325,930	175,745	175,745
Machinery and Equipment	289,313	257,213	32,100	26,754
Buildings	10,288,929	1,014,687	9,274,242	9,274,242
Improvements	2,424,249	1,388,260	1,035,989	1,041,335
Land	14,370,313		14,370,313	14,370,313

- TIN:

TY 2015 OtherAssetsSchedule

Name:

SEVEN BRIDGES FOUNDATION INC

EIN:

06-1498953

Software ID:

15000324

Software Version:

2015v3.0

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
artwork, capitalized costs	35,957,378	36,650,910	36,650,910

- TIN:

TY 2015 OtherExpensesSchedule

Name:

SEVEN BRIDGES FOUNDATION INC

EIN:

06-1498953

Software ID:

15000324

Software Version:

2015v3.0

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
bank fees	1,727	864	864	863
computer support	6,534	3,267	3,267	3,267
Grant Expense	250			250
Insurance	88,199			88,199
office expenses	7,066	3,533	3,533	3,533
program expenses	10,796			10,796
property management expenses	113,825			113,825
rental expenses	1,615	1,615	1,615
shipping, handling & Repair of art	11,004			11,004
utilities	58,677			58,677

- TIN:

TY 2015 OtherProfessionalFeesSchedule

Name:

SEVEN BRIDGES FOUNDATION INC

EIN:

06-1498953

Software ID:

15000324

Software Version:

2015v3.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
fine art advisory fees	33,000	0	0	33,000
investment advisory fees	93,587	93,587	93,587	0

- TIN:

TY 2015 TaxesSchedule

Name:

SEVEN BRIDGES FOUNDATION INC

EIN:

06-1498953

Software ID:

15000324

Software Version:

2015v3.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
excise tax	60,000			60,000
Foreign Tax Withholding	92	92	92
payroll taxes	13,760			13,760
property taxes	208,540			208,540