Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 09-01-2015 , and ending 08-31-2016
Name of foundation
CALDER FOUNDATION
C/O LH FRISHKOFF & COMPANY LLP
Number and street (or P.O. box number if mail is not delivered to street address)529 FIFTH AVENUE NO 901
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10017
A Employer identification number

13-3466986
B Telephone number (see instructions)

(212) 808-0070
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$512,923,672J 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) 15,232,500
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 10,179 10,179  
4 Dividends and interest from securities... 124 124  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 9,743,362
b Gross sales price for all assets on line 6a 13,500,000
7 Capital gain net income (from Part IV, line 2)... 13,469,862
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 294,184 252,200 43,984
12 Total. Add lines 1 through 11........ 25,280,349 13,732,365 43,984
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages...... 692,172 30,839 5,421 655,912
15 Pension plans, employee benefits....... 120,755 5,291 930 114,534
16a Legal fees (attach schedule)......... Click to see attachment 8,348 0 0 8,348
b Accounting fees (attach schedule)....... Click to see attachment 50,043 42,561 7,481 0
c Other professional fees (attach schedule).... Click to see attachment 53,291 0 0 53,291
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 106,935 4,307 757 60,483
19 Depreciation (attach schedule) and depletion... Click to see attachment 176,329 0 176,946
20 Occupancy.............. 72,000 15,309 2,691 54,000
21 Travel, conferences, and meetings....... 38,904 8,272 1,454 29,178
22 Printing and publications.......... 31,806 6,763 1,189 23,854
23 Other expenses (attach schedule)....... Click to see attachment 333,480 65,571 12,098 255,812
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,684,063 178,913 208,967 1,255,412
25 Contributions, gifts, grants paid....... 35,914 35,914
26 Total expenses and disbursements. Add lines 24 and 25 1,719,977 178,913 208,967 1,291,326
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 23,560,372
b Net investment income (if negative, enter -0-) 13,553,452
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 8,275,050 1,015,645 1,015,645
2 Savings and temporary cash investments......... 7,181,549 3,408,960 3,408,960
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 1,963 1,493 1,493
10a Investments—U.S. and state government obligations (attach schedule) 0 Click to see attachment13,959,680 13,959,680
b Investments—corporate stock (attach schedule)....... 0 Click to see attachment4,217 4,217
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).......... 30,118 Click to see attachment259,114 259,114
14 Land, buildings, and equipment: basis bullet7,323,295
Less: accumulated depreciation (attach schedule) bullet2,088,278 5,028,793 Click to see attachment5,235,017 13,192,562
15 Other assets (describe bullet) Click to see attachment237,505,996 Click to see attachment257,632,793 Click to see attachment481,082,001
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 258,023,469 281,516,919 512,923,672
Liabilities 17 Accounts payable and accrued expenses.......... 32,482  
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment25,000 Click to see attachment0
23 Total liabilities (add lines 17 through 22)......... 57,482 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........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 257,965,987 281,516,919
30 Total net assets or fund balances (see instructions)..... 257,965,987 281,516,919
31 Total liabilities and net assets/fund balances (see instructions). 258,023,469 281,516,919
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
257,965,987
2
Enter amount from Part I, line 27a .....................
2
23,560,372
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
2,012
4
Add lines 1, 2, and 3 ..........................
4
281,528,371
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
11,452
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
281,516,919
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 ALEXANDER CALDER, LE CHIEN EN TROIS COULEURS, 1973 D 2005-12-26 2015-09-16
b CURRENCY EXCHANGE LOSS P    
c
d
e
(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 13,500,000   23,500 13,476,500
b     6,638 -6,638
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       13,476,500
b       -6,638
c
d
e
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 13,469,862
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 1,203,992 8,950,487 0.134517
2013 1,316,093 7,988,571 0.164747
2012 1,892,794 8,586,040 0.220450
2011 2,943,816 11,017,732 0.267189
2010 1,135,428 21,274,178 0.053371
2
Total of line 1, column (d) .....................
20.840274
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
0.168055
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
16,243,184
5
Multiply line 4 by line 3......................
5
2,729,748
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
135,535
7
Add lines 5 and 6........................
7
2,865,283
8
Enter qualifying distributions from Part XII, line 4.............
8
1,291,326
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 1 271,069
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 271,069
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 271,069
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a  
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 271,669
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 271,669
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 1,267
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 667
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
    Yes
     
    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
    Yes
     
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.CALDER.ORG
    14
    The books are in care ofbulletCALDER FOUNDATION Telephone no.bullet (212) 334-2424

    Located atbullet207 WEST 25TH STREET 12 FLNEW YORKNY ZIP+4bullet10001
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
    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
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    ALEXANDER SC ROWER CHAIRMAN / PRESIDENT
    40.00     		0 0 0
    C/O LHFRISHKOFF CO529 FIFTH AVE
    NEW YORK,NY10017
    SANDRA DAVIDSON SECRETARY / TRUSTEE
    1.00     		0 0 0
    C/O LHFRISHKOFF CO529 FIFTH AVE
    NEW YORK,NY10017
    JOHN V PERNA TREASURER / TRUSTEE
    0.30     		0 0 0
    C/O LHFRISHKOFF CO529 FIFTH AVE
    NEW YORK,NY10017
    SHAWN DAVIDSON VICE PRESIDENT / TRUSTEE
    0.00     		0 0 0
    C/O LHFRISHKOFF CO529 FIFTH AVE
    NEW YORK,NY10017
    SEAN SWEENEY VICE PRESIDENT / TRUSTEE
    0.00     		0 0 0
    C/O LHFRISHKOFF CO529 FIFTH AVE
    NEW YORK,NY10017
    ANDREA DAVIDSON VICE PRESIDENT / TRUSTEE
    0.30     		0 0 0
    C/O LHFRISHKOFF CO529 FIFTH AVE
    NEW YORK,NY10017
    HOLTON ROWER VICE PRESIDENT / TRUSTEE
    0.00     		0 0 0
    C/O LHFRISHKOFF CO529 FIFTH AVE
    NEW YORK,NY10017
    PETER LIPMAN VICE PRESIDENT / TRUSTEE
    0.00     		0 0 0
    C/O LHFRISHKOFF CO529 FIFTH AVE
    NEW YORK,NY10017
    GRYPHON ROWER-UPJOHN VICE PRESIDENT / TRUSTEE
    1.00     		0 0 0
    C/O LHFRISHKOFF CO529 FIFTH AVE
    NEW YORK,NY10017
    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
    ALEXIS MAROTTA DIRECTOR OF ARCHIVES
    40.00     		122,340 0 0
    C/O CALDER FOUNDATION 207 WEST 25TH
    STREET FL 12
    NEW YORK,NY10001
    LILY C LYONS DIRECTOR OF EXTERNAL
    40.00     		99,625 0 0
    C/O CALDER FOUNDATION 207 WEST 25TH
    STREET FL 12
    NEW YORK,NY10001
    SUSAN DAM DIRECTOR RESEARCH AN
    40.00     		97,337 0 0
    C/O CALDER FOUNDATION 207 WEST 25TH
    STREET FL 12
    NEW YORK,NY10001
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    LH FRISHKOFF & CO LLP ACCOUNTING FEES 50,043
    529 FIFTH AVE
    NEW YORK,NY10017
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 CATALOGUING ALL THE WORKS PRODUCED BY THE ARTIST ALEXANDER CALDER AND MAKING HIS WORKS AVAILABLE FOR PUBLIC INSPECTION IN ORDER TO FACILITATE ART EDUCATION AND RESEARCH 1,291,326
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    585,726
    b
    Average of monthly cash balances.......................
    1b
    15,904,816
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    16,490,542
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    16,490,542
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    247,358
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    16,243,184
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    812,159
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
     
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    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
     
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,291,326
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,291,326
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,291,326
    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  
    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: bullet$  
    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)
    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
    1991-09-18
    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
    0 115,968 6,946 0 122,914
    b 85% of line 2a ......... 0 98,573 5,904 0 104,477
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		1,291,326 1,203,992 1,316,710 1,892,794 5,704,822
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		0 0 0 0 0
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		1,291,326 1,203,992 1,316,710 1,892,794 5,704,822
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......     239,936,146 238,170,134 478,106,280
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		     239,936,146 238,170,134 478,106,280
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		        0
    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) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    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).)
    SANDRA DAVIDSON
    HOLTON ROWER
    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
    MIRO FOUNDATION
    SUCCESSIO MIRO CB AV JAUME III 23
    1-B
    PALMA DE MALLORA   07012
    SP     		NONE PUBLIC FUNDRAISING TO ESTABLISH A MUSEUM FOR PUBLIC 10,561
    HAROON MIRZA
    1 NEVILLE PLACE HIGH ROAD
    WOOD GREEN,LONDONN22 8HX
    UK     		NONE NC TO HONOR A LIVING ARTIST WHO HAS COMPLETED EXEMPLARY AND INNOVATIVE EARLY WORK AND WHO HAS DEMONSTRATED THE POTENTIAL TO MAKE A MAJOR CONTRIBUTION TO THE FIELD 25,353
    Total .................................bullet 3a 35,914
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    aROYALTY FEES     15   250,200
    bEXHIBITION INCOME         5,000
    cINSURANCE PROCEEDS     01   38,984
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		    14 10,179  
    4 Dividends and interest from securities....     14 124  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 9,743,362  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 9,753,665 294,184
    13Total. Add line 12, columns (b), (d), and (e)..................
    1310,047,849
    (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.)
    1B ART WORKS WERE DISPLAYED TO THE PUBLIC FOR ART EDUCATION AND RESEARCH
    1C RECOVERY OF INSURANCE PROCEEDS
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    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
    CALDER FOUNDATION
    C/O LH FRISHKOFF & COMPANY LLP
    Employer identification number

    13-3466986
    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
    CALDER FOUNDATION
    C/O LH FRISHKOFF & COMPANY LLP         		Employer identification number
    13-3466986
    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
     
     

    ALEXANDER ROWER  
    C/O LH FRISHKOFF CO LLP 529 FIFTH A
     
    NEW YORK, NY10017

    		$ 7,500,000


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

    SANDRA DAVIDSON  
    99 JANE STREET
     
    NEW YORK, NY10014

    		$ 3,250,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
     
     

    MARGARET S BILOTTI  
    109 JUNGLE ROAD
     
    PALM BEACH, FL33480

    		$ 3,500,000


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

    THE LIPMAN FAMILY FOUNDATION INC  
    188 FAVONIO ROAD
     
    PORTOLA VALLEY, CA94028

    		$ 982,500


    (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
    CALDER FOUNDATION
    C/O LH FRISHKOFF & COMPANY LLP         		Employer identification number

    13-3466986
    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
    1
    		 ALEXANDER CALDER, APPLE MONSTER, 1938 $ 7,500,000 2015-11-19
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    2
    		 BLACK CONSTELLATION 1943 $ 3,250,000 2015-09-01
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    3
    		 CRAG, 1974 - A11601 $ 3,500,000 2015-09-01
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    4
    		 DONATION OF AAA AWARD (MAQUETTE) $ 12,500 2016-03-10
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    4
    		 SAVE OUR PLANET CARTOON $ 50,000 2016-03-10
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    4
    		 SAVE OUR PLANET CARTOON $ 50,000 2016-03-10
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Name of organization
    CALDER FOUNDATION
    C/O LH FRISHKOFF & COMPANY LLP         		Employer identification number

    13-3466986
    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
    4
    		 JIMMY DURANTE $ 800,000 2016-03-10
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    4
    		 SAVE OUR PLANET CARTOON $ 70,000 2016-03-10
    (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
    CALDER FOUNDATION
    C/O LH FRISHKOFF & COMPANY LLP         		Employer identification number

    13-3466986
    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:  
    Software Version:  

    TY 2015 AccountingFeesSchedule
    Name:
    CALDER FOUNDATION
     
    C/O LH FRISHKOFF & COMPANY LLP
    EIN:
    13-3466986
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    L.H. FRISHKOFF & CO LLP 50,043 42,561 7,481 0

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

    TY 2015 DepreciationSchedule
    Name:
    CALDER FOUNDATION
     
    C/O LH FRISHKOFF & COMPANY LLP
    EIN:
    13-3466986
    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
    FURNITURE & FIXTURES 1993-06-30 3,078 3,078 150DB 7.000000000000 0 0 0  
    FURNITURE & FIXTURES 1999-08-05 200 200 SL 7.000000000000 0 0 0  
    FURNITURE & FIXTURES 1993-09-01 3,890 3,890 150DB 7.000000000000 0 0 0  
    FURNITURE & FIXTURES 1996-02-01 923 923 SL 5.000000000000 0 0 0  
    OFFICE EQUIPMENT 1999-01-20 4,950 4,950 SL 7.000000000000 0 0 0  
    LEASEHOLD IMPROVEMENT 1999-01-22 2,000 848 SL 39.000000000000 51 0 51  
    LEASEHOLD IMPROVEMENT 1999-02-08 250 99 SL 39.000000000000 6 0 6  
    OFFICE EQUIPMENT 1999-02-25 198 198 SL 7.000000000000 0 0 0  
    FURNITURE & FIXTURES 1999-02-25 606 606 SL 7.000000000000 0 0 0  
    FURNITURE & FIXTURES 1999-03-15 610 610 SL 7.000000000000 0 0 0  
    OFFICE EQUIPMENT 1999-06-22 2,451 2,451 SL 7.000000000000 0 0 0  
    ART EQUIPMENT 1999-06-24 830 830 SL 7.000000000000 0 0 0  
    OFFICE EQUIPMENT 1999-08-05 390 390 SL 7.000000000000 0 0 0  
    COMPUTER EQUIPMENT 2000-09-01 12,567 11,906 200DB 5.000000000000 0 0 0  
    OFFICE EQUIPMENT 2001-06-01 4,094 4,094 200DB 7.000000000000 0 0 0  
    WEBSITE DEVELOPMENT 2003-08-31 11,375 11,375 SL 3.000000000000 0 0 0  
    EQUIPMENT 2006-06-09 4,600 4,600 200DB 7.000000000000 0 0 0  
    BUILDING 2005-10-31 4,674,087 1,183,499 SL 39.000000000000 119,848 0 119,848  
    BUILDING IMPROVEMENT 2006-07-31 1,062,881 248,798 SL 39.000000000000 27,253 0 27,253  
    OFFICE EQUIPMENT 2006-12-31 38,879 38,879 200DB 7.000000000000 0 0 0  
    FIXTURES 2006-12-31 107,928 107,928 SL 7.000000000000 0 0 0  
    COMPUTER EQUIPMENT 2006-12-31 24,027 24,027 200DB 5.000000000000 0 0 0  
    OFFICE FURNITURES 2007-09-05 5,019 5,019 SL 7.000000000000 0 0 0  
    EQUIPMENT 2007-11-09 1,945 1,945 200DB 7.000000000000 0 0 0  
    OFFICE FURNITURES 2007-11-27 1,630 1,630 SL 7.000000000000 0 0 0  
    OFFICE FURNITURES 2008-01-17 2,229 2,229 SL 7.000000000000 0 0 0  
    OFFICE FURNITURES 2008-07-24 150 150 SL 7.000000000000 0 0 0  
    OFFICE FURNITURES 2008-10-08 125 59 200DB 7.000000000000 3 0 1  
    OFFICE FURNITURE 2008-10-24 822 393 200DB 7.000000000000 18 0 20  
    COMPUTER EQUIPMENT 2009-03-02 699 349 200DB 5.000000000000 0 0 0  
    SHELVES 2009-09-01 500 216 200DB 7.000000000000 23 0 71  
    OFFICE FURNITURE 2009-09-14 484 210 200DB 7.000000000000 21 0 69  
    OFFICE EQUIPMENT 2010-01-14 5,091 2,204 200DB 7.000000000000 227 0 727  
    OFFICE EQUIPMENT 2010-03-10 10,125 4,385 200DB 7.000000000000 451 0 1,446  
    FURNITURE & FIXTURE 2010-06-25 4,500 1,946 200DB 7.000000000000 203 0 643  
    OFFICE FURNITURE 2011-04-06 17,231   200DB 7.000000000000 0 0 2,462  
    OFFICE EQUIPMENT 2011-05-19 5,035   200DB 7.000000000000 0 0 719  
    OFFICE FURNITURE 2011-07-12 17,231   200DB 7.000000000000 0 0 2,462  
    OFFICE FURNITURE 2012-03-02 3,486 2,397 200DB 7.000000000000 311 0 498  
    OFFICE FURNITURE 2012-03-16 6,234 4,287 200DB 7.000000000000 556 0 891  
    OFFICE FURNITURE 2012-04-10 3,635 2,499 200DB 7.000000000000 325 0 519  
    LAND - 339 PAINTER HILLD ROAD, CT 2011-03-10 676,162   L   0 0 0  
    COMPUTER EQUIPMENT 2013-06-18 1,893 674 200DB 5.000000000000 109 0 379  
    OFFICE FURNITURE 2012-10-23 3,285 924 200DB 7.000000000000 205 0 469  
    OFFICE FURNITURE 2012-11-09 24,936 7,015 200DB 7.000000000000 1,558 0 3,562  
    OFFICE FURNITURE 2013-04-26 3,009 846 200DB 7.000000000000 188 0 430  
    COMPUTER EQUIPMENT 2013-12-16 9,521 2,475 200DB 5.000000000000 914 0 1,904  
    COMPUTER EQUIPMENT 2014-01-15 2,484 1,292 200DB 5.000000000000 477 0 497  
    COMPUTER EQUIPMENT 2014-04-15 1,299 676 200DB 5.000000000000 249 0 260  
    COMPUTER EQUIPMENT 2014-08-15 6,005 3,123 200DB 5.000000000000 1,153 0 1,201  
    FIXTURES 2014-09-04 48,000 3,429 200DB 7.000000000000 5,877 0 6,857  
    OFFICE FURNITURE 2015-06-22 5,760 823 200DB 7.000000000000 1,411 0 823  
    SCANNER 2015-01-22 1,030 206 200DB 5.000000000000 330 0 206  
    OFFICE FURNITURE 2015-11-12 2,393   200DB 7.000000000000 1,496 0 285  
    OFFICE FURNITURE 2016-08-11 5,319   200DB 7.000000000000 2,755 0 63  
    LEASEHOLD IMPROVEMENT 2016-03-07 14,580   SL 15.000000000000 486 0 486  
    OFFICE FIXTURE 2016-05-04 3,500   200DB 7.000000000000 1,938 0 167  
    COMPUTER EQUIPMENT 2015-10-14 1,128   200DB 5.000000000000 761 0 207  
    PRINTER 2015-11-12 1,795   200DB 5.000000000000 1,212 0 299  
    COMPUTER EQUIPMENT 2015-12-16 2,945   200DB 5.000000000000 1,841 0 393  
    COMPUTER EQUIPMENT 2016-02-10 1,499   200DB 5.000000000000 937 0 175  
    SECURITY CAMERA 2016-07-12 876   200DB 5.000000000000 460 0 29  
    DINING TABLE - LOWER FARM LLC 2016-07-22 450   200DB 7.000000000000 233 0 5  
    FURNITURE - LOWER FARM LLC 2016-07-19 1,464   200DB 7.000000000000 758 0 17  
    RANGE AND DISHWASHER - LOWER FARM LLC 2016-07-11 1,135   200DB 5.000000000000 596 0 38  
    REFRIGERATOR - LOWER FARM LLC 2016-08-24 1,106   200DB 5.000000000000 581 0 0  
    303 PAINTER HILL ROAD 2016-06-10 79,323   SL 39.000000000000 508 0 508  
    303 PAINTER HILL ROAD 2016-06-16 275,000   L   0 0 0  

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    CALDER FOUNDATION
     
    C/O LH FRISHKOFF & COMPANY LLP
    EIN:
    13-3466986
    Name of Stock End of Year Book Value End of Year Fair Market Value
    GE STOCK 4,217 4,217

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    CALDER FOUNDATION
     
    C/O LH FRISHKOFF & COMPANY LLP
    EIN:
    13-3466986
    US Government Securities - End of Year Book Value:

    13,959,680
    US Government Securities - End of Year Fair Market Value:

    13,959,680
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2015 InvestmentsOtherSchedule2
    Name:
    CALDER FOUNDATION
     
    C/O LH FRISHKOFF & COMPANY LLP
    EIN:
    13-3466986
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    POSTAGE STAMP COLLECTION AT COST 22,400 22,400
    ICESTONE LLC AT COST 1,842 1,842
    INVESTMENT - LOWER FARM LLC AT COST 232,522 232,522
    CR TRADER PARTNERS LP AT COST 2,350 2,350

    TY 2015 LandEtcSchedule2
    Name:
    CALDER FOUNDATION
     
    C/O LH FRISHKOFF & COMPANY LLP
    EIN:
    13-3466986
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    FURNITURE & FIXTURES 3,078 3,078 0  
    FURNITURE & FIXTURES 200 200 0  
    FURNITURE & FIXTURES 3,890 3,890 0  
    FURNITURE & FIXTURES 923 923 0  
    OFFICE EQUIPMENT 4,950 4,950 0  
    LEASEHOLD IMPROVEMENT 2,000 899 1,101  
    LEASEHOLD IMPROVEMENT 250 105 145  
    OFFICE EQUIPMENT 198 198 0  
    FURNITURE & FIXTURES 606 606 0  
    FURNITURE & FIXTURES 610 610 0  
    OFFICE EQUIPMENT 2,451 2,451 0  
    ART EQUIPMENT 830 830 0  
    OFFICE EQUIPMENT 390 390 0  
    COMPUTER EQUIPMENT 12,567 11,906 661  
    OFFICE EQUIPMENT 4,094 4,094 0  
    WEBSITE DEVELOPMENT 11,375 11,375 0  
    EQUIPMENT 4,600 4,600 0  
    BUILDING 4,674,087 1,303,347 3,370,740  
    BUILDING IMPROVEMENT 1,062,881 276,051 786,830  
    OFFICE EQUIPMENT 38,879 38,879 0  
    FIXTURES 107,928 107,928 0  
    COMPUTER EQUIPMENT 24,027 24,027 0  
    COMPUTER SOFTWARE 2,414 2,414 0  
    OFFICE FURNITURES 5,019 5,019 0  
    EQUIPMENT 1,945 1,945 0  
    OFFICE FURNITURES 1,630 1,630 0  
    OFFICE FURNITURES 2,229 2,229 0  
    COMPUTER SOFTWARE 20,999 20,999 0  
    OFFICE FURNITURES 150 150 0  
    OFFICE FURNITURES 125 125 0  
    OFFICE FURNITURE 822 822 0  
    COMPUTER EQUIPMENT 699 699 0  
    SHELVES 500 489 11  
    OFFICE FURNITURE 484 473 11  
    OFFICE EQUIPMENT 5,091 4,977 114  
    OFFICE EQUIPMENT 10,125 9,899 226  
    FURNITURE & FIXTURE 4,500 4,399 101  
    OFFICE FURNITURE 17,231 17,231 0  
    OFFICE EQUIPMENT 5,035 5,035 0  
    OFFICE FURNITURE 17,231 17,231 0  
    COMPUTER SOFTWARE 77,000 77,000 0  
    OFFICE FURNITURE 3,486 2,708 778  
    OFFICE FURNITURE 6,234 4,843 1,391  
    OFFICE FURNITURE 3,635 2,824 811  
    LAND - 339 PAINTER HILLD ROAD, CT 676,162 0 676,162  
    COMPUTER EQUIPMENT 1,893 1,730 163  
    OFFICE FURNITURE 3,285 2,772 513  
    OFFICE FURNITURE 24,936 21,041 3,895  
    OFFICE FURNITURE 3,009 2,539 470  
    COMPUTER EQUIPMENT 9,521 8,150 1,371  
    COMPUTER EQUIPMENT 2,484 1,769 715  
    COMPUTER EQUIPMENT 1,299 925 374  
    COMPUTER EQUIPMENT 6,005 4,276 1,729  
    FIXTURES 48,000 33,306 14,694  
    OFFICE FURNITURE 5,760 2,234 3,526  
    SCANNER 1,030 536 494  
    OFFICE FURNITURE 2,393 1,496 897  
    OFFICE FURNITURE 5,319 2,755 2,564  
    LEASEHOLD IMPROVEMENT 14,580 486 14,094  
    OFFICE FIXTURE 3,500 1,938 1,562  
    COMPUTER EQUIPMENT 1,128 761 367  
    PRINTER 1,795 1,212 583  
    COMPUTER EQUIPMENT 2,945 1,841 1,104  
    COMPUTER EQUIPMENT 1,499 937 562  
    SECURITY CAMERA 876 460 416  
    DINING TABLE - LOWER FARM LLC 450 233 217  
    FURNITURE - LOWER FARM LLC 1,464 758 706  
    RANGE AND DISHWASHER - LOWER FARM LLC 1,135 596 539  
    REFRIGERATOR - LOWER FARM LLC 1,106 581 525  
    303 PAINTER HILL ROAD 79,323 508 78,815  
    303 PAINTER HILL ROAD 275,000 0 275,000  


    TY 2015 LegalFeesSchedule
    Name:
    CALDER FOUNDATION
     
    C/O LH FRISHKOFF & COMPANY LLP
    EIN:
    13-3466986
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    KARP & KALAMATOUSAKIS LLP 213 0 0 213
    LADAS & PARRY LLP 6,551 0 0 6,551
    SCP LYON CAEN & THIRIEZ 1,584 0 0 1,584


    TY 2015 OtherAssetsSchedule
    Name:
    CALDER FOUNDATION
     
    C/O LH FRISHKOFF & COMPANY LLP
    EIN:
    13-3466986
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    WORKS OF ART 237,415,644 257,472,631 480,921,839
    PROMOTIONAL BOOKS/MATERIALS 79,268 79,268 79,268
    ARCHIVAL DOCUMENTS 11,084 80,894 80,894


    TY 2015 OtherDecreasesSchedule
    Name:
    CALDER FOUNDATION
     
    C/O LH FRISHKOFF & COMPANY LLP
    EIN:
    13-3466986
    Description Amount
    50 % MEALS & ENTERTAINMENT ALLOCATED TO NET INVESTMENT INCOME 1,493
    BOOK?TAX DEPRECIATION DIFFERENCE 9,959


    TY 2015 OtherExpensesSchedule
    Name:
    CALDER FOUNDATION
     
    C/O LH FRISHKOFF & COMPANY LLP
    EIN:
    13-3466986
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ART RESTORATION 6,480 6,480 0 0
    ARCHIVES & STORAGE 35,028 3,625 637 30,766
    ARCHIVAL DOCUMENT EXPENSE 4,698 0 0 4,698
    ARCHIVAL FILM EXPENSE 4,858 0 0 4,858
    BANK CHARGES 1,613 343 60 1,210
    CALDER PRIZE CEREMONY EXPENSES 10,498 0 0 10,498
    CLEANING EXPENSE 1,707 363 64 1,280
    COMPUTER EXPENSE 61,091 12,990 2,283 45,818
    ENTERTAINMENT 12,545 1,493 525 10,528
    INSURANCE 97,535 20,738 3,646 73,151
    LICENSES & FEES 2,655 564 99 1,992
    OFFICE EXPENSES 29,837 6,344 1,115 22,378
    CONTINUING EDUCATION 2,389 0 0 2,389
    EQUIPMENT RENTAL 942 0 0 942
    POSTAGE & DELIVERY 3,358 714 125 2,519
    REPAIRS & MAINTENANCE 23,261 4,946 869 17,446
    SECURITY 2,736 582 102 2,052
    TELEPHONE 5,410 1,151 202 4,057
    UTILITIES 21,963 4,670 821 16,472
    PROMOTION 757 0 0 757
    DUES AND SUBSCRIPTIONS 1,519 323 57 1,139
    EXHIBITION EXPENSES 1,450 0 1,450 0
    OTHER OFFICE ADMINISTRATIVE EXPENSES 1,150 245 43 862


    TY 2015 OtherIncomeSchedule2
    Name:
    CALDER FOUNDATION
     
    C/O LH FRISHKOFF & COMPANY LLP
    EIN:
    13-3466986
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ICESTONE LLC   2,000  
    ROYALTY FEES 250,200 250,200 0
    EXHIBITION INCOME 5,000   5,000
    INSURANCE PROCEEDS 38,984   38,984


    TY 2015 OtherIncreasesSchedule
    Name:
    CALDER FOUNDATION
     
    C/O LH FRISHKOFF & COMPANY LLP
    EIN:
    13-3466986
    Description Amount
    ICESTONE LLC INCOME RECORDED ON BOOKS, NOT TAX 2,000
    UNREALIZED GAIN FROM MARKETABLE SECURITIES RECORDED ON BOOKS, NOT TAX 12


    TY 2015 OtherLiabilitiesSchedule
    Name:
    CALDER FOUNDATION
     
    C/O LH FRISHKOFF & COMPANY LLP
    EIN:
    13-3466986
    Description Beginning of Year - Book Value End of Year - Book Value
    CALDER PRIZE PAYABLE 25,000 0


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    CALDER FOUNDATION
     
    C/O LH FRISHKOFF & COMPANY LLP
    EIN:
    13-3466986
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    RESEARCH 53,291 0 0 53,291


    TY 2015 TaxesSchedule
    Name:
    CALDER FOUNDATION
     
    C/O LH FRISHKOFF & COMPANY LLP
    EIN:
    13-3466986
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROPERTY TAX 9,160 1,948 342 6,870
    PAYROLL TAXES 56,387 2,359 415 53,613
    FEDERAL EXCISE TAX 41,388 0 0 0