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 10-01-2015 , and ending 09-30-2016
Name of foundation
WALTER J & BETTY C ZABLE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1660 HOTEL CIRCLE NORTH 710
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SAN DIEGO, CA92108
A Employer identification number

31-1540383
B Telephone number (see instructions)

(619) 294-7005
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$90,734,206J 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) 964,097
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 1,988 1,988  
4 Dividends and interest from securities... 2,131,620 2,131,620  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -227,913
b Gross sales price for all assets on line 6a 18,603,807
7 Capital gain net income (from Part IV, line 2)... 0
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 378,629 326,941  
12 Total. Add lines 1 through 11........ 3,248,421 2,460,549  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 306,000 76,500   229,500
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 6,501 1,625   4,876
b Accounting fees (attach schedule)....... Click to see attachment 18,000 4,500   13,500
c Other professional fees (attach schedule).... Click to see attachment 1,043 261   782
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 15,298 6,973   8,325
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 467,214 439,924   27,290
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 814,056 529,783   284,273
25 Contributions, gifts, grants paid....... 4,220,291 4,220,291
26 Total expenses and disbursements. Add lines 24 and 25 5,034,347 529,783   4,504,564
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,785,926
b Net investment income (if negative, enter -0-) 1,930,766
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 76,104 67,718 67,718
2 Savings and temporary cash investments......... 1,149,543 1,101,956 1,101,956
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..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 51,535,179 Click to see attachment46,631,891 48,699,667
c Investments—corporate bonds (attach schedule)....... 19,361,259 Click to see attachment18,595,804 18,332,385
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 17,853,076 Click to see attachment21,702,456 22,532,480
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 89,975,161 88,099,825 90,734,206
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment20,000 Click to see attachment150
23 Total liabilities (add lines 17 through 22)......... 20,000 150
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........ 41,681,917 41,681,917
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 48,273,244 46,417,758
30 Total net assets or fund balances (see instructions)..... 89,955,161 88,099,675
31 Total liabilities and net assets/fund balances (see instructions). 89,975,161 88,099,825
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
89,955,161
2
Enter amount from Part I, line 27a .....................
2
-1,785,926
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
88,169,235
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
69,560
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
88,099,675
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 JP MORGAN P   2016-09-30
b
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 18,603,807   18,831,720 -227,913
b
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       -227,913
b
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 -227,913
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)
If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2014 4,814,043 93,716,403 0.051368
2013 1,769,323 103,462,171 0.017101
2012 1,961,578 45,314,886 0.043288
2011 1,477,763 31,132,397 0.047467
2010 1,611,109 34,006,036 0.047377
2
Total of line 1, column (d) .....................
20.206601
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
0.041320
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
87,738,916
5
Multiply line 4 by line 3......................
5
3,625,372
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
19,308
7
Add lines 5 and 6........................
7
3,644,680
8
Enter qualifying distributions from Part XII, line 4.............
8
4,504,564
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 19,308
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 19,308
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 19,308
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 61,737
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 61,737
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 42,429
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet42,429 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
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)
    bulletCA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletWARREN MAGILL Telephone no.bullet (619) 294-7005

    Located atbullet1660 HOTEL CIRCLE NORTH 710SAN DIEGOCA ZIP+4bullet92108
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    WARREN MAGILL PRESIDENT/DIRECTOR
    20.00     		240,000 0 0
    1660 HOTEL CIRCLE NORTH SUITE 710
    SAN DIEGO,CA92108
    KATHRYN M STARR SECRETARY/DIRECTOR
    1.15     		22,000 0 0
    1660 HOTEL CIRCLE NORTH SUITE 710
    SAN DIEGO,CA92108
    WILLIAM W BOYLE DIRECTOR
    1.15     		22,000 0 0
    1660 HOTEL CIRCLE NORTH SUITE 710
    SAN DIEGO,CA92108
    JOHN D THOMAS TREASURER/DIRECTOR
    1.15     		22,000 0 0
    1660 HOTEL CIRCLE NORTH SUITE 710
    SAN DIEGO,CA92108
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    87,561,122
    b
    Average of monthly cash balances.......................
    1b
    1,513,920
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    89,075,042
    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
    89,075,042
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,336,126
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    87,738,916
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    4,386,946
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    4,386,946
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    19,308
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    19,308
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,367,638
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    4,367,638
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    4,367,638
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    4,504,564
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    4,504,564
    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
    19,308
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    4,485,256
    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 4,367,638
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 4,297,170
    b Total for prior years:20, 20, 20 0
    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........ 0
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 4,504,564
    a Applied to 2014, but not more than line 2a 4,297,170
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 207,394
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2015. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		4,160,244
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    WARREN MAGILL
    1660 HOTEL CIRCLE NORTH 710
    SAN DIEGO,CA92108
    (619) 294-7005
    bThe form in which applications should be submitted and information and materials they should include:
    WRITTEN
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ALLIANCE FOR HOPE INTERNATIONAL
    101 W BROADWAY 1770
    SAN DIEGO,CA92101     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    ALZHEIMER'S ASSOCIATION
    6632 CONVOY COURT
    SAN DIEGO,CA92111     		  PUBLIC CHARITY SUPPORT FAMILY SERVICES PROGRAMS 105,000
    AMERICAN DIABETES ASSOCIATION
    5060 SHOREHAM PL 100
    SAN DIEGO,CA92122     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    ANGEL'S DEPOT
    2820 LA MIRADA DRIVE SUITE C
    VISTA,CA92081     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    ANGELS FOSTER FAMILY NETWORK
    9295 FARNHAM ST 200
    SAN DIEGO,CA92123     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    ARMED SERVICES YMCA
    3293 SANTO RD
    SAN DIEGO,CA92124     		  PUBLIC CHARITY GENERAL ASSISTANCE 50,000
    AUTISM TREE PROJECT INC
    2845 NIMITZ BLVD
    SAN DIEGO,CA92106     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    BIG BROTHERS BIG SISTERS OF SAN DIEGO COUNTY
    4305 UNIVERSITY AVE 300
    SAN DIEGO,CA92105     		  PUBLIC CHARITY GENERAL ASSISTANCE 25,000
    BOYS & GIRLS CLUB OF EAST COUNTY
    8820 TAMBERLY WAY
    SANTEE,CA92071     		  PUBLIC CHARITY GENERAL ASSISTANCE 60,000
    BOYS & GIRLS CLUB OF NORTH COUNTY
    445 E IVY STREET
    FALLBROOK,CA92028     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    BOYS & GIRLS CLUB OF SAN DIEGUITO
    14125 MANGO DR
    DEL MAR,CA92014     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    BOYS & GIRLS CLUB OF VISTA
    410 WEST CALIFORNIA AVENUE
    VISTA,CA92083     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    BURN INSTITUTE
    8825 AERO DRIVE
    SAN DIEGO,CA92123     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    CASA DE AMISTAD
    120 STEVENS AVE
    SOLANA BEACH,CA92075     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    CASA DE AMPARO
    3355 MISSION AVE SUITE 238
    OCEANSIDE,CA92058     		  PUBLIC CHARITY GENERAL ASSISTANCE WITH CHILD ABUSE PREVENTION 250,000
    CHALLENGED ATHLETES FOUNDATION
    9591 WAPLES STREET
    SAN DIEGO,CA92121     		  PUBLIC CHARITY GENERAL ASSISTANCE TO VETERANS WITH PERMANENT PHYSICAL DISABILITIES 10,000
    COMMUNITY RESOURCE CENTER
    650 SECOND STREET
    ENCINITAS,CA92024     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    EAST COUNTY YOUTH SYMPHONY
    339 HART DRIVE
    EL CAJON,CA920214567     		  PUBLIC CHARITY GENERAL ASSISTANCE, INCLUDING SUPPORT TO FREE AFTER-SCHOOL MUSIC PROGRAM 6,000
    ELDERHELP
    6150 MISSION GORGE RD 140
    SAN DIEGO,CA92120     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    ELEMENTARY INSTITUTE - SCIENCE
    608 51ST STREET
    SAN DIEGO,CA92114     		  PUBLIC CHARITY GENERAL ASSISTANCE 25,000
    EMILIO NARES FOUNDATION
    11230 SORRENTO VALLEY RD 100
    SAN DIEGO,CA92121     		  PUBLIC CHARITY GENERAL ASSISTANCE 15,000
    FATHER JOE'S VILLAGE
    3350 E STREET
    SAN DIEGO,CA92102     		  PUBLIC CHARITY GENERAL ASSISTANCE 100,000
    FRIENDS OF VISTA HILL
    8910 CLAIREMONT MESA BLVD
    SAN DIEGO,CA92123     		  PUBLIC CHARITY SUPPORT PARENTCARE FAMILIY RECOVERY PROGRAM 65,000
    INSTITUTE OF THE AMERICAS
    10111 NORTH TORREY PINES ROAD
    LA JOLLA,CA92037     		  PUBLIC CHARITY GENERAL ASSISTANCE 13,200
    JOHN BROCKINGTON FOUNDATION
    1835 FORT STOCKTON DR
    SAN DIEGO,CA92103     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    JUNIOR ACHIEVEMENT
    4756 MISSION GORGE PLACE
    SAN DIEGO,CA92120     		  PUBLIC CHARITY GENERAL ASSISTANCE 35,000
    JUST IN TIME FOR FOSTER YOUTH
    3878 OLD TOWN AVE 200
    SAN DIEGO,CA92110     		  PUBLIC CHARITY GENERAL ASSISTANCE 25,000
    LIVING COAST DISCOVERY CENTER
    1000 GUNPOWDER POINT DR
    CHULA VISTA,CA91910     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    MAMA'S KITCHEN
    1875 SECOND AVENUE
    SAN DIEGO,CA92101     		  PUBLIC CHARITY GENERAL ASSISTANCE IN PROVIDING NUTRITIONAL FOOD TO PEOPLE WITH CANCER 25,000
    MEALS ON WHEELS
    2254 SAN DIEGO AVE SUITE 200
    SAN DIEGO,CA92110     		  PUBLIC CHARITY GENERAL ASSISTANCE 30,000
    MINGEI INTERNATIONAL MUSEUM
    1439 EL PRADO
    SAN DIEGO,CA92101     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    MONARCH SCHOOL
    808 WEST CEDAR STREET
    SAN DIEGO,CA92101     		  PUBLIC CHARITY GENERAL ASSISTANCE TO PROVIDE FOR THE HOMELESS & AT-RISK YOUTH 200,000
    NILE SISTERS DEVELOPMENT INITIATIVE
    6035 UNIVERSITY AVE 22
    SAN DIEGO,CA92115     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    NOAH HOMES
    12526 CAMPO RD
    SPRING VALLEY,CA91978     		  PUBLIC CHARITY GENERAL ASSISTANCE 15,000
    NORTH COUNTY LIFELINE
    3142 VISTA WAY SUITE 400
    OCEANSIDE,CA92056     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    OCEAN DISCOVERY INSTITUTE
    2211 PACIFIC BEACH DRIVE
    SAN DIEGO,CA92109     		  PUBLIC CHARITY GENERAL ASSISTANCE 55,000
    OCEANSIDE MUSEUM OF ART
    704 PIER VIEW WAY
    OCEANSIDE,CA92054     		  PUBLIC CHARITY GENERAL ASSISTANCE 9,000
    OUTDOOR OUTREACH
    5275 MARKET STREET
    SAN DIEGO,CA92114     		  PUBLIC CHARITY GENERAL ASSISTANCE 50,000
    PARTNERSHIP WITH INDUSTRY
    7540 METROPOLITAN DR SUITE 105
    SOLANA BEACH,CA92108     		  PUBLIC CHARITY SUPPORT FOR ADULTS WITH DEVELOPMENTAL & OTHER DISABILITIES 10,000
    PHYSICIANS ADVOCATES FOR VETERANS
    5575 RUFFIN RD 250
    SAN DIEGO,CA92123     		  PUBLIC CHARITY GENERAL ASSISTANCE 25,000
    POWAY CENTER FOR THE PERFORMING ARTS FOUNDATION
    15498 ESPOLA RD
    POWAY,CA92064     		  PUBLIC CHARITY GENERAL ASSISTANCE 5,000
    POWAY HIGH FOUNDATION
    15500 ESPOLA RD
    POWAY,CA92064     		  PUBLIC CHARITY SUPPORT AGRICULTURAL PROGRAM 25,000
    POWAY VALLEY THERAPEUTIC RIDING CENTER
    13943 POWAY VALLEY RD
    POWAY,CA92064     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    PRO KIDS GOLF ACADEMY INC
    4085 52ND STREET
    SAN DIEGO,CA92105     		  PUBLIC CHARITY GENERAL ASSISTANCE 50,000
    PROJECT CONCERN INTERNATIONAL
    5151 MURPHY CANYON RD SUITE 320
    SAN DIEGO,CA92123     		  PUBLIC CHARITY GENERAL ASSISTANCE 50,000
    PROMISES 2 KIDS
    9440 RUFFIN COURT SUITE 2
    SAN DIEGO,CA92123     		  PUBLIC CHARITY PROVIDE SUPPORT FOR ABUSED AND NEGLECTED CHILDREN 25,000
    REINS THERAPEUTIC HORSEMANSHIP PROGRAM
    4461 S MISSION ROAD
    FALLBROOK,CA92028     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    REUBEN H FLEET SCIENCE CENTER
    1875 EL PRADO
    SAN DIEGO,CA92101     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    RISE UP INDUSTRIES
    8186 COMMERCIAL STREET SUITE B
    LA MESA,CA91942     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    ROLF BENIRSCHKE LEGACY FOUNDATION
    12790 EL CAMINO REAL SUITE 300
    SAN DIEGO,CA92130     		  PUBLIC CHARITY GENERAL ASSISTANCE 2,500
    RONALD MCDONALD HOUSE
    2929 CHILDRENS WAY
    SAN DIEGO,CA92123     		  PUBLIC CHARITY GENERAL ASSISTANCE 50,000
    SALK INSTITUTE
    10010 N TORREY PINES RD
    LA JOLLA,CA92037     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    SALVATION ARMY
    2320 FIFTH AVE
    SAN DIEGO,CA92101     		  PUBLIC CHARITY GENERAL ASSISTANCE TO PROVIDE FOOD & CARE FOR THE HUNGRY 250,000
    SAN DIEGO AIR & SPACE MUSEUM
    2001 PAN AMERICAN PLAZA
    SAN DIEGO,CA92101     		  PUBLIC CHARITY GENERAL ASSISTANCE 25,000
    SAN DIEGO BLOOD BANK
    3440 UPAS ST
    SAN DIEGO,CA92103     		  PUBLIC CHARITY GENERAL ASSISTANCE 596,500
    SAN DIEGO CHILDREN'S DISCOVERY MUSEUM
    320 N BROADWAY
    ESCONDIDO,CA92025     		  PUBLIC CHARITY GENERAL ASSISTANCE 5,000
    SAN DIEGO HALL OF CHAMPIONS
    2131 PAN AMERICAN PLAZA
    SAN DIEGO,CA92101     		  PUBLIC CHARITY GENERAL ASSISTANCE 25,000
    SAN DIEGO NATURAL HISTORY MUSEUM
    1788 EL PRADO
    SAN DIEGO,CA92101     		  PUBLIC CHARITY GENERAL ASSISTANCE TO ENVIRONMENTAL SCIENCE EDUCATION PROGRAMS 20,000
    SAN DIEGO OPERA
    1200 3RD AVENUE 1800
    SAN DIEGO,CA92101     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    SAN DIEGO PUBLIC LIBRARY
    7555 DRAPER AVE
    LA JOLLA,CA92037     		  PUBLIC CHARITY GENERAL ASSISTANCE 100,000
    SAN DIEGO RESCUE MISSION
    120 ELM STREET
    SAN DIEGO,CA92101     		  PUBLIC CHARITY SUPPORT PROGRAMS TO HELP HOMELESS 20,000
    SAN DIEGO STATE UNIVERSITY
    5500 CAMPANILE DR
    SAN DIEGO,CA92182     		  PUBLIC CHARITY GENERAL ASSISTANCE 350,228
    SAN DIEGO YOUTH SYMPHONY
    1650 EL PRADO SUITE 270A
    SAN DIEGO,CA92101     		  PUBLIC CHARITY GENERAL ASSISTANCE 25,000
    SAY SAN DIEGO
    8755 AERO DRIVE SUITE 100
    SAN DIEGO,CA92123     		  PUBLIC CHARITY SUPPORT MILITARY FAMILY RESOURCE CENTER 50,000
    SECOND CHANCE
    6145 IMPERIAL AVENUE
    SAN DIEGO,CA92114     		  PUBLIC CHARITY GENERAL ASSISTANCE FOR AT-RISK INDIVIDUALS WITH JOBS 20,000
    SEMPER FI FUND
    BLDG H49 SANTA MARGARITA RD
    CAMP PENDLETON,CA92055     		  PUBLIC CHARITY SUPPORT INJURED MARINE FUND 15,000
    SOLUTIONS FOR CHANGE
    722 W CALIFORNIA AVENUE
    VISTA,CA92083     		  PUBLIC CHARITY GENERAL ASSISTANCE 25,000
    SPECIAL OLYMPICS SOUTHERN CALIFORNIA
    1600 FORBES WAY SUITE 200
    LONG BEACH,CA90810     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    ST MADELEINE SOPHIE'S CTR
    2119 EAST MADISON AVE
    EL CAJON,CA92019     		  PUBLIC CHARITY SUPPORT TO ADULTS WITH DEVELOPMENTAL DISABILITIES 50,000
    STARPAL
    4110 54TH STREET
    SAN DIEGO,CA92105     		  PUBLIC CHARITY GENERAL ASSISTANCE TO PROVIDE FOR YOUTH SERVICES FOR AT-RISK YOUTH 10,000
    SUPPORT THE ENLISTED PROJECT (STEP)
    7128 MIRAMAR RD SUITE 14B
    SAN DIEGO,CA92121     		  PUBLIC CHARITY GENERAL ASSISTANCE 200,000
    TENDER LOVING CANINES ASSISTANCE DOGS INC
    1250 ACTIVITY DRIVE SUITE A
    VISTA,CA92081     		  PUBLIC CHARITY GENERAL ASSISTANCE 50,000
    TERI - CAMPUS OF LIFE
    251 AIRPORT RD
    OCEANSIDE,CA92058     		  PUBLIC CHARITY GENERAL ASSISTANCE 50,000
    THE CHILDREN'S INITIATIVE
    4438 INGRAHAM STREET
    SAN DIEGO,CA92109     		  PUBLIC CHARITY GENERAL ASSISTANCE TO SUPPORT AFTER SCHOOL PROGRAMS 10,000
    THE GLENNER MEMORY CARE CENTERS
    3702 4TH AVE
    SAN DIEGO,CA92103     		  PUBLIC CHARITY GENERAL ASSISTANCE 30,000
    THE GREATER SAN DIEGO SCIENCE AND ENGINEERING FAIR
    PO BOX 15547
    SAN DIEGO,CA92175     		  PUBLIC CHARITY GENERAL ASSISTANCE 5,000
    THE NEW CHILDREN'S MUSEUM
    200 W ISLAND AVE
    SAN DIEGO,CA92101     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    THE SEANY FOUNDATION
    3530 CAMINO DEL RIO N 101
    SAN DIEGO,CA92108     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    THEATER AND ARTS FOUNDATION OF SAN DIEGO COUNTY
    PO BOX 12039
    LA JOLLA,CA92039     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    TURNING POINT HOME
    1315 25TH STREET
    SAN DIEGO,CA92102     		  PUBLIC CHARITY GENERAL ASSISTANCE 25,000
    UC SAN DIEGO FOUNDATION
    9500 GILMAN DRIVE
    LA JOLLA,CA92093     		  PUBLIC CHARITY GENERAL ASSISTANCE 25,000
    UNITED CEREBRAL PALSY
    8525 GIBBS DR 209
    SAN DIEGO,CA92123     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    URBAN CORPS
    3127 JEFFERSON ST
    SAN DIEGO,CA92110     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    URBANLIFE
    5202 ORANGE AVE
    SAN DIEGO,CA92115     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    USO SAN DIEGO
    303 A STREET SUITE 100
    SAN DIEGO,CA92101     		  PUBLIC CHARITY GENERAL ASSISTANCE FOR LOCAL MILITARY 50,000
    VIETNAM VETERANS OF AMERICA
    8719 COLESVILLE ROAD SUITE 100
    SILVER SPRING,MD20910     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    VOICES FOR CHILDREN
    2851 MEADOW LARK DRIVE
    SAN DIEGO,CA92123     		  PUBLIC CHARITY GENERAL ASSISTANCE TO SUPPORT ADVOCATES FOR ABUSED & NEGLECTED FOSTER CHILDREN 100,000
    WALDEN FAMILY SERVICES
    8525 GIBBS DR 100
    SAN DIEGO,CA92123     		  PUBLIC CHARITY GENERAL ASSISTANCE 30,000
    WORDS ALIVE
    5111 SANTA FE ST 219
    SAN DIEGO,CA92109     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    YMCA OF SAN DIEGO COUNTY
    3708 RUFFIN ROAD
    SAN DIEGO,CA92123     		  PUBLIC CHARITY GENERAL ASSISTANCE 157,863
    Total .................................bullet 3a 4,220,291
    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
    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 1,988  
    4 Dividends and interest from securities....     14 2,131,620  
    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.....     18 326,941  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 -227,913  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aTAX REFUND     		      51,688  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 2,284,324 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    132,284,324
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    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
    WALTER J & BETTY C ZABLE FOUNDATION
     
    Employer identification number

    31-1540383
    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
    WALTER J & BETTY C ZABLE FOUNDATION
          		Employer identification number
    31-1540383
    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
     
     

    ZABLE QTIP MARITAL TRUST  
    497 PINE NEEDLES DRIVE
     
    DEL MAR, CA92014

    		$ 964,097


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

    ROMAN BRAUN CO MAGILL CO  
    1660 HOTEL CIRCLE NORTH 710
     
    SAN DIEGO, CA92108

    		$ 1


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 3
    Name of organization
    WALTER J & BETTY C ZABLE FOUNDATION
          		Employer identification number

    31-1540383
    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
    2
    		 2,000 SHS COSTCO STOCK $ 307,830 2016-09-30
    (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
    WALTER J & BETTY C ZABLE FOUNDATION
          		Employer identification number

    31-1540383
    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:
    WALTER J & BETTY C ZABLE FOUNDATION
    EIN:
    31-1540383
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 18,000 4,500   13,500

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    WALTER J & BETTY C ZABLE FOUNDATION
    EIN:
    31-1540383
    Name of Bond End of Year Book Value End of Year Fair Market Value
    JP MORGAN FIXED INCOME 18,595,804 18,332,385

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    WALTER J & BETTY C ZABLE FOUNDATION
    EIN:
    31-1540383
    Name of Stock End of Year Book Value End of Year Fair Market Value
    JP MORGAN SECURITIES 46,631,891 48,699,667

    TY 2015 InvestmentsOtherSchedule2
    Name:
    WALTER J & BETTY C ZABLE FOUNDATION
    EIN:
    31-1540383
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    HMLP MULTI-STRAT PI LTD - CLASS E AT COST 1,900,000 2,141,907
    OCH-ZIFF OZOFII PRIVATE INVESTORS OFFSHORE LTD CLASS G PRIME AT COST 512,693 514,812
    ETON PARK OVERSEAS FUND LTD AT COST 2,750,000 2,637,869
    JP MORGAN REAL ESTATE & ALTERNATIVE INFRASTRUCTURE AT COST 15,539,763 16,243,003
    AQR EQUITY MARKET NEUTRAL AT COST 1,000,000 994,889

    TY 2015 LegalFeesSchedule
    Name:
    WALTER J & BETTY C ZABLE FOUNDATION
    EIN:
    31-1540383
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 6,501 1,625   4,876


    TY 2015 OtherDecreasesSchedule
    Name:
    WALTER J & BETTY C ZABLE FOUNDATION
    EIN:
    31-1540383
    Description Amount
    PRIOR PERIOD ADJUSTMENT 69,560


    TY 2015 OtherExpensesSchedule
    Name:
    WALTER J & BETTY C ZABLE FOUNDATION
    EIN:
    31-1540383
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADMINISTRATIVE ASSISTANCE 4,262 0   4,262
    AUTO EXPENSE 766 0   766
    DUES & SUBSCRIPTIONS 8,894 0   8,894
    FRANCHISE TAX BOARD FEE 235 0   235
    INSURANCE 4,155 0   4,155
    INVESTMENT MANAGEMENT FEES 439,924 439,924   0
    MISCELLANEOUS 244 0   244
    OFFICE SUPPLIES 504 0   504
    ONLINE GRANT MANAGEMENT FEES 6,537 0   6,537
    POSTAGE 18 0   18
    TELEPHONE 1,675 0   1,675


    TY 2015 OtherIncomeSchedule2
    Name:
    WALTER J & BETTY C ZABLE FOUNDATION
    EIN:
    31-1540383
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP DISTRIBUTIONS 326,941 326,941 326,941
    TAX REFUND 51,688   51,688


    TY 2015 OtherLiabilitiesSchedule
    Name:
    WALTER J & BETTY C ZABLE FOUNDATION
    EIN:
    31-1540383
    Description Beginning of Year - Book Value End of Year - Book Value
    CREDIT CARD 20,000 150


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    WALTER J & BETTY C ZABLE FOUNDATION
    EIN:
    31-1540383
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL PROCESSING FEES 1,043 261   782


    TY 2015 TaxesSchedule
    Name:
    WALTER J & BETTY C ZABLE FOUNDATION
    EIN:
    31-1540383
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 11,100 2,775   8,325
    FOREIGN TAXES 4,198 4,198   0