Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 07-01-2015 , and ending 06-30-2016
Name of foundation
CHARLES STEWART HARDING FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)111 EAST COURT STREET NO 3D
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
FLINT, MI485021649
A Employer identification number

38-6081208
B Telephone number (see instructions)

(810) 767-0136
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$12,253,848J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 364 364  
4 Dividends and interest from securities... 211,681 211,681  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 85,240
b Gross sales price for all assets on line 6a 4,633,318
7 Capital gain net income (from Part IV, line 2)... 85,240
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).......      
12 Total. Add lines 1 through 11........ 297,285 297,285  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 40,500 30,500   10,000
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 3,612 3,961   0
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 22,852 22,812   40
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 66,964 57,273   10,040
25 Contributions, gifts, grants paid....... 673,700 673,700
26 Total expenses and disbursements. Add lines 24 and 25 740,664 57,273   683,740
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -443,379
b Net investment income (if negative, enter -0-) 240,012
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............. 6,554 6,515 6,515
2 Savings and temporary cash investments......... 225,631 318,224 318,224
3 Accounts receivable bullet4,641
Less: allowance for doubtful accounts bullet   27,469 4,641 4,641
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)....... 7,689,783 Click to see attachment6,999,330 8,196,514
c Investments—corporate bonds (attach schedule)....... 1,402,509 Click to see attachment1,276,846 1,273,951
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,069,415 Click to see attachment2,370,426 2,454,003
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) 11,421,361 10,975,982 12,253,848
Liabilities 17 Accounts payable and accrued expenses.......... 43,000 25,400
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 attachment6,504 Click to see attachment4,504
23 Total liabilities (add lines 17 through 22)......... 49,504 29,904
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........ 5,045,559 5,045,559
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 6,326,298 5,900,519
30 Total net assets or fund balances (see instructions)..... 11,371,857 10,946,078
31 Total liabilities and net assets/fund balances (see instructions). 11,421,361 10,975,982
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
11,371,857
2
Enter amount from Part I, line 27a .....................
2
-443,379
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
17,600
4
Add lines 1, 2, and 3 ..........................
4
10,946,078
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
10,946,078
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 FROM MFO TOWLE FUND JOINT VENTURE STMT P    
b FROM MFO TOWLE FUND JOINT VENTURE STMT P    
c FROM MFO D&D SMID CAP VALUE FUND JOINT VENTURE STMT P    
d FROM MFO D&D SMID CAP VALUE FUND JOINT VENTURE STMT P    
e FROM MFO WORLD ASSET MANAGEMENT INTERNATIONAL EQUITY JOINT VENTURE STMT P    
FROM MFO WORLD ASSET MANAGEMENT INTERNATIONAL EQUITY JOINT VENTURE STMT P    
FROM MFO WORLD ASSET MANAGEMENT INTERNATIONAL EQUITY JOINT VENTURE STMT P    
FROM MFO WORLD ASSET MANAGEMENT INTERNATIONAL EQUITY JOINT VENTURE STMT P    
FROM MFO WESTFIELD FUND B JOINT VENTURE STMT P    
FROM MFO WESTFIELD FUND B JOINT VENTURE STMT P    
FROM CROSSLINK VENTURES VI, LP SCHEDULE K-1 P    
FROM CROSSLINK VENTURES VI, LP SCHEDULE K-1 P    
FROM DRAPER FISHER JURVETSON GROWTH FUND SCHEDULE K-1 P    
BFRIX BLACKROCK FLOATING RATE INCOME PORTFOLIO CL 2472.799   2015-03-31 2015-10-01
VFSUX VANGUARD FIXED INCOME SHORT TERM - ADMIRAL SHRS 103.635   2014-12-17 2016-06-23
VFSUX VANGUARD FIXED INCOME SHORT TERM - ADMIRAL SHRS 79.719   2014-12-17 2016-06-23
VFSUX VANGUARD FIXED INCOME SHORT TERM - ADMIRAL SHRS 9136.31   2005-08-09 2016-06-23
PXD PIONEER NATURAL RESOURCES CO 150   2015-01-30 2015-07-07
MCD MCDONALDS CORP COM 200   2011-02-22 2015-07-23
MCD MCDONALDS CORP COM 200   2011-03-15 2015-07-23
TWX TIME WARNER INC 200   2014-07-17 2015-08-27
TWX TIME WARNER INC 250   2014-08-19 2015-08-27
CC CHEMOURS (THE) CO SHS 160   2008-03-26 2015-09-09
TJX TJX COS INC NEW 50   2014-09-04 2015-09-14
CTSH COGNIZANT TECH SOLUTIONS-A 200   2012-10-12 2015-09-14
MCHP MICROCHIP TECHNOLOGY INC 300   2014-11-19 2015-10-15
APD AIR PRODUCTS & CHEMICALS INC 250   2009-03-02 2015-10-22
CTSH COGNIZANT TECH SOLUTIONS-A 400   2012-09-11 2015-11-03
CTSH COGNIZANT TECH SOLUTIONS-A 500   2012-11-20 2015-11-03
ODFL OLD DOMINION FGHT LINES INC 180   2013-11-11 2015-11-03
ODFL OLD DOMINION FGHT LINES INC 320   2013-11-08 2015-11-03
DD DU PONT E I DE NEMOURS 800   2008-03-26 2015-11-03
GSK GLAXOSMITHKLINE PLC ADR 1100   2014-11-19 2015-11-30
KSU KANSAS CITY SOUTHERN 200   2015-11-04 2015-12-11
KSU KANSAS CITY SOUTHERN 200   2014-03-17 2015-12-11
KSU KANSAS CITY SOUTHERN 150   2014-03-06 2015-12-11
MS MORGAN STANLEY 950   2015-03-06 2016-01-21
MS MORGAN STANLEY 900   2015-01-16 2016-01-21
AXP AMERICAN EXPRESS CO 550   1991-11-01 2016-01-21
EOG EOG RESOURCES INC 100   2014-02-26 2016-01-21
EOG EOG RESOURCES INC 100   2014-10-28 2016-01-21
EOG EOG RESOURCES INC 400   2014-01-29 2016-01-21
AAPL APPLE INC 120   2012-10-26 2016-04-05
KO COCA COLA COM 250   2008-07-30 2016-04-05
DIS DISNEY (WALT) CO COM STK 100   2013-08-07 2016-04-05
HD HOME DEPOT INC 200   2008-10-10 2016-04-05
JPM JPMORGAN CHASE & CO 150   2013-02-22 2016-04-05
MCHP MICROCHIP TECHNOLOGY INC 50   2014-11-19 2016-04-05
MCHP MICROCHIP TECHNOLOGY INC 100   2014-10-28 2016-04-05
QCOM QUALCOMM INC 200   2006-08-01 2016-04-05
TJX TJX COS INC NEW 150   2014-10-28 2016-04-05
UTX UNITED TECHS CORP COM 100   2008-10-14 2016-04-05
V VISA INC CL A SHRS 150   2014-09-03 2016-04-05
AAP ADVANCE AUTO PARTS INC 50   2015-12-17 2016-04-05
AAL AMERICAN AIRLS GROUP INC 150   2015-09-30 2016-04-05
APC ANADARKO PETE CORP 100   2015-11-04 2016-04-05
APC ANADARKO PETE CORP 50   2014-10-28 2016-04-05
SWK STANLEY BLACK & DECKER INC 50   2012-06-28 2016-04-05
BLK BLACKROCK INC 50   2012-09-11 2016-04-05
CBS CBS CORP-CLASS B NON VOTING 250   2014-12-12 2016-04-05
CME CME GROUP INC 100   2015-11-04 2016-04-05
COP CONOCOPHILLIPS 100   2014-10-28 2016-04-05
COP CONOCOPHILLIPS 50   2010-06-17 2016-04-05
DOW DOW CHEMICAL CO 250   2015-11-04 2016-04-05
DNKN DUNKIN' BRANDS GROUP INC 200   2015-03-23 2016-04-05
EMC EMC CORP/MA 200   2013-06-11 2016-04-05
EMC EMC CORP/MA 150   2006-12-01 2016-04-05
EBAY EBAY INC COM 300   2015-11-04 2016-04-05
JLL JONES LANG LASALLE INC 100   2013-06-20 2016-04-05
LOW LOWES COS COS INC 150   2012-11-12 2016-04-05
MDLZ MONDELEZ INTERNATIONAL INC-A 250   2013-11-07 2016-04-05
NSC NORFOLK SOUTHERN CORP 100   2012-05-31 2016-04-05
PYPL PAYPAL HOLDINGS INC 300   2014-03-21 2016-04-05
PEP PEPSICO INC 100   2009-08-13 2016-04-05
PSX PHILLIPS 66 150   2014-09-03 2016-04-05
PXD PIONEER NATURAL RESOURCES CO 50   2016-01-22 2016-04-05
RGC REGAL ENTMT GROUP CL A 500   2015-06-12 2016-04-05
SLB SCHLUMBERGER LTD 100   2010-06-02 2016-04-05
UPS UNITED PARCEL SVC CL B 100   2015-03-18 2016-04-05
VZ VERIZON COMMUNICATNS COM 150   2008-07-18 2016-04-05
WM WASTE MANAGEMENT INC NEW 150   2010-08-24 2016-04-05
WYN WYNDHAM WORLDWIDE CORP 150   2015-07-30 2016-04-05
VFIAX VANGUARD 500 INDEX FUND 51.511   2014-06-20 2015-09-30
VFIAX VANGUARD 500 INDEX FUND 2211.352   2014-01-28 2015-09-30
VFIAX VANGUARD 500 INDEX FUND 585.132   2013-10-30 2015-09-30
VFIAX VANGUARD 500 INDEX FUND 38.519   2013-09-20 2015-09-30
VFIAX VANGUARD 500 INDEX FUND 782.9   2013-05-28 2015-09-30
VFIAX VANGUARD 500 INDEX FUND 769.507   2013-05-28 2016-06-23
WAMIF WORLD ASSET MGMT INTERNATIONAL FUND 39177.7376   2011-12-31 2015-12-18
VEMAX VANGUARD EMERGING MKTS STOCK INDEX ADMIRAL SHRS 152.812   2010-12-21 2016-03-10
VEMAX VANGUARD EMERGING MKTS STOCK INDEX ADMIRAL SHRS 401.177   2013-01-17 2016-03-10
VEMAX VANGUARD EMERGING MKTS STOCK INDEX ADMIRAL SHRS 181.274   2012-12-19 2016-03-10
VEMAX VANGUARD EMERGING MKTS STOCK INDEX ADMIRAL SHRS 363.445   2011-10-27 2016-03-10
VEMAX VANGUARD EMERGING MKTS STOCK INDEX ADMIRAL SHRS 191.161   2014-06-23 2016-03-10
VEMAX VANGUARD EMERGING MKTS STOCK INDEX ADMIRAL SHRS 205.921   2014-09-23 2016-03-10
VEMAX VANGUARD EMERGING MKTS STOCK INDEX ADMIRAL SHRS 990.426   2012-01-27 2016-03-10
VEMAX VANGUARD EMERGING MKTS STOCK INDEX ADMIRAL SHRS 1415.766   2011-08-09 2016-03-10
VEMAX VANGUARD EMERGING MKTS STOCK INDEX ADMIRAL SHRS 24.822   2013-03-21 2016-03-10
VEMAX VANGUARD EMERGING MKTS STOCK INDEX ADMIRAL SHRS 216.872   2012-09-21 2016-03-10
VEMAX VANGUARD EMERGING MKTS STOCK INDEX ADMIRAL SHRS 154.706   2013-09-20 2016-03-10
VEMAX VANGUARD EMERGING MKTS STOCK INDEX ADMIRAL SHRS 4374.453   2012-08-14 2016-03-10
VEMAX VANGUARD EMERGING MKTS STOCK INDEX ADMIRAL SHRS 100.824   2013-12-19 2016-03-10
VEMAX VANGUARD EMERGING MKTS STOCK INDEX ADMIRAL SHRS 114.549   2009-12-23 2016-03-10
VEMAX VANGUARD EMERGING MKTS STOCK INDEX ADMIRAL SHRS 757.748   2012-01-13 2016-03-10
VEMAX VANGUARD EMERGING MKTS STOCK INDEX ADMIRAL SHRS 87.734   2014-12-19 2016-03-10
VEMAX VANGUARD EMERGING MKTS STOCK INDEX ADMIRAL SHRS 53.284   2014-03-24 2016-03-10
VEMAX VANGUARD EMERGING MKTS STOCK INDEX ADMIRAL SHRS 264.339   2011-12-20 2016-03-10
VEMAX VANGUARD EMERGING MKTS STOCK INDEX ADMIRAL SHRS 801.282   2014-02-04 2016-03-10
VEMAX VANGUARD EMERGING MKTS STOCK INDEX ADMIRAL SHRS 246.287   2013-06-21 2016-03-10
VEMAX VANGUARD EMERGING MKTS STOCK INDEX ADMIRAL SHRS 403.684   2010-05-24 2016-03-10
VEMAX VANGUARD EMERGING MKTS STOCK INDEX ADMIRAL SHRS 8587.293   2009-07-30 2016-03-10
SCTY SOLARCITY CORPORATION 301   2007-08-10 2015-08-05
CHB008076 NORTHPOINTE - RESIDUAL 0.5495   2009-11-13 2015-12-31
SCTY SOLARCITY CORPORATION 237   2007-08-10 2016-01-04
SCTY SOLARCITY CORPORATION 236   2007-08-10 2016-01-05
ARCC ARES CAPITAL CORP 390   2010-04-01 2016-02-10
ARCC ARES CAPITAL CORP 747.5   2010-04-01 2016-02-10
ARCC ARES CAPITAL CORP 585   2010-04-01 2016-02-10
ARCC ARES CAPITAL CORP 500   2011-05-18 2016-02-10
ARCC ARES CAPITAL CORP 77.5   2010-04-30 2016-02-10
SCTY SOLARCITY CORPORATION 213.78   2008-10-28 2016-03-14
SCTY SOLARCITY CORPORATION 32.45   2007-08-10 2016-03-14
SCTY SOLARCITY CORPORATION 59.24   2009-10-16 2016-04-19
SCTY SOLARCITY CORPORATION 60.46   2008-10-28 2016-04-19
SCTY SOLARCITY CORPORATION 62.74   2009-10-16 2016-04-19
SCTY SOLARCITY CORPORATION 64.03   2008-10-28 2016-04-19
KMI KINDER MORGAN INC. DEL 1500   2015-02-25 2015-11-04
OSPSX STEELPATH MLP SELECT 40 CL I 643.099   2014-05-05 2016-03-23
OSPSX STEELPATH MLP SELECT 40 CL I 12078.023   2013-01-28 2016-03-23
OSPSX STEELPATH MLP SELECT 40 CL I 692.346   2013-02-07 2016-03-23
OSPSX STEELPATH MLP SELECT 40 CL I 1976.014   2012-07-26 2016-03-23
OSPSX STEELPATH MLP SELECT 40 CL I 14206.498   2012-02-06 2016-03-23
OSPSX STEELPATH MLP SELECT 40 CL I 92.08   2011-11-08 2016-03-23
OSPSX STEELPATH MLP SELECT 40 CL I 1697.142   2011-11-15 2016-03-23
OSPSX STEELPATH MLP SELECT 40 CL I 2236.62   2011-11-07 2016-03-23
OSPSX STEELPATH MLP SELECT 40 CL I 3323.918   2011-11-07 2016-03-23
PSHZF PERSHING SQUARE HOLDINGS USD PAR ORDINARY 914   2015-02-23 2015-08-27
PSHZF PERSHING SQUARE HOLDINGS USD PAR ORDINARY 914   2015-02-20 2015-08-27
PSHZF PERSHING SQUARE HOLDINGS USD PAR ORDINARY 653   2015-02-19 2015-08-27
PSHZF PERSHING SQUARE HOLDINGS USD PAR ORDINARY 260   2015-02-19 2015-08-28
PSHZF PERSHING SQUARE HOLDINGS USD PAR ORDINARY 914   2015-02-24 2015-08-28
PSHZF PERSHING SQUARE HOLDINGS USD PAR ORDINARY 717   2015-02-25 2015-08-28
PSHZF PERSHING SQUARE HOLDINGS USD PAR ORDINARY 1877   2015-06-04 2015-08-28
PSHZF PERSHING SQUARE HOLDINGS USD PAR ORDINARY 410   2015-06-04 2015-08-31
PSHZF PERSHING SQUARE HOLDINGS USD PAR ORDINARY 1285   2015-06-04 2015-09-01
CFCOLD COUNTRYWIDE FINANCIAL CORPORATION 0   2015-05-05 2016-05-06
TWC - VISA INC/TRIALPAY - DOUBLE REPORTED      
TWC - VISA INC/TRIALPAY - DOUBLE REPORTED P    
CAPITAL GAINS DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 48,424   110,515 -62,091
b 246,421   166,702 79,719
c 198,421   206,017 -7,596
d 16,673   13,093 3,580
e 9,557   10,746 -1,189
355,057   333,202 21,855
      -16,295
      7,122
186,816   213,707 -26,891
207,299   157,033 50,266
      24
      -4,313
      1,440
25,000   25,544 -544
1,112   1,104 8
855   849 6
98,033   96,114 1,919
19,709   22,270 -2,561
19,591   15,253 4,338
19,591   14,981 4,610
14,622   17,143 -2,521
18,278   19,251 -973
1,499   1,920 -421
3,575   3,061 514
12,474   6,935 5,539
14,290   12,783 1,507
34,365   11,381 22,984
27,393   13,469 13,924
34,241   16,427 17,814
11,347   8,658 2,689
20,173   15,231 4,942
51,464   35,832 15,632
44,551   51,013 -6,462
14,946   17,432 -2,486
14,946   19,652 -4,706
11,209   14,639 -3,430
23,545   33,903 -10,358
22,306   31,288 -8,982
34,867   2,714 32,153
6,132   9,356 -3,224
6,132   9,095 -2,963
24,527   33,006 -8,479
13,212   10,358 2,854
11,649   6,475 5,174
9,657   6,602 3,055
26,964   3,904 23,060
8,793   7,303 1,490
2,449   2,114 335
4,898   4,083 815
9,996   6,875 3,121
11,648   9,388 2,260
9,991   5,462 4,529
11,501   8,062 3,439
7,970   7,717 253
5,836   5,757 79
4,461   6,942 -2,481
2,231   4,486 -2,255
5,250   3,137 2,113
16,768   8,914 7,854
13,550   13,282 268
9,522   9,544 -22
3,905   6,954 -3,049
1,952   2,111 -159
12,732   12,941 -209
9,291   9,673 -382
5,271   4,975 296
3,953   1,964 1,989
7,272   8,779 -1,507
11,667   8,926 2,741
11,378   4,790 6,588
10,216   8,071 2,145
8,093   6,613 1,480
11,524   10,420 1,104
10,331   5,647 4,684
12,668   13,180 -512
6,990   5,703 1,287
10,249   10,244 5
7,278   5,552 1,726
10,390   10,005 385
8,111   4,982 3,129
8,719   5,007 3,712
11,245   12,345 -1,100
9,125   9,324 -199
391,719   365,647 26,072
103,650   95,230 8,420
6,823   6,069 754
138,683   120,167 18,516
150,000   118,112 31,888
358,389   355,463 2,926
4,175   5,946 -1,771
10,960   15,000 -4,040
4,952   6,580 -1,628
9,929   13,000 -3,071
5,223   6,823 -1,600
5,626   7,325 -1,699
27,058   35,000 -7,942
38,679   50,000 -11,321
678   875 -197
5,925   7,580 -1,655
4,227   5,327 -1,100
119,510   150,000 -30,490
2,755   3,376 -621
3,129   3,821 -692
20,702   25,000 -4,298
2,397   2,880 -483
1,456   1,721 -265
7,222   8,300 -1,078
21,891   25,000 -3,109
6,729   7,664 -935
11,029   12,500 -1,471
234,605   250,000 -15,395
18,304   723 17,581
550   3,847 -3,297
11,727   569 11,158
11,842   567 11,275
5,011   35,768 -30,757
9,605   68,442 -58,837
7,517   43,246 -35,729
6,425   8,463 -2,038
996   1,271 -275
5,483   1,112 4,371
832   78 754
1,795   320 1,475
1,832   314 1,518
1,877   339 1,538
1,915   333 1,582
40,035   63,273 -23,238
5,499   7,398 -1,899
103,267   109,844 -6,577
5,920   6,227 -307
16,895   17,297 -402
121,466   116,245 5,221
787   708 79
14,511   12,976 1,535
19,123   16,332 2,791
28,420   23,583 4,837
23,048   25,385 -2,337
23,048   25,167 -2,119
16,466   17,941 -1,475
6,663   7,143 -480
23,422   25,099 -1,677
18,374   19,658 -1,284
48,101   50,858 -2,757
10,490   11,109 -619
32,076   34,818 -2,742
58     58
5,256   5,256 0
11   11 0
8,403     8,403
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       -62,091
b       79,719
c       -7,596
d       3,580
e       -1,189
      21,855
      -16,295
      7,122
      -26,891
      50,266
      24
      -4,313
      1,440
      -544
      8
      6
      1,919
      -2,561
      4,338
      4,610
      -2,521
      -973
      -421
      514
      5,539
      1,507
      22,984
      13,924
      17,814
      2,689
      4,942
      15,632
      -6,462
      -2,486
      -4,706
      -3,430
      -10,358
      -8,982
      32,153
      -3,224
      -2,963
      -8,479
      2,854
      5,174
      3,055
      23,060
      1,490
      335
      815
      3,121
      2,260
      4,529
      3,439
      253
      79
      -2,481
      -2,255
      2,113
      7,854
      268
      -22
      -3,049
      -159
      -209
      -382
      296
      1,989
      -1,507
      2,741
      6,588
      2,145
      1,480
      1,104
      4,684
      -512
      1,287
      5
      1,726
      385
      3,129
      3,712
      -1,100
      -199
      26,072
      8,420
      754
      18,516
      31,888
      2,926
      -1,771
      -4,040
      -1,628
      -3,071
      -1,600
      -1,699
      -7,942
      -11,321
      -197
      -1,655
      -1,100
      -30,490
      -621
      -692
      -4,298
      -483
      -265
      -1,078
      -3,109
      -935
      -1,471
      -15,395
      17,581
      -3,297
      11,158
      11,275
      -30,757
      -58,837
      -35,729
      -2,038
      -275
      4,371
      754
      1,475
      1,518
      1,538
      1,582
      -23,238
      -1,899
      -6,577
      -307
      -402
      5,221
      79
      1,535
      2,791
      4,837
      -2,337
      -2,119
      -1,475
      -480
      -1,677
      -1,284
      -2,757
      -619
      -2,742
      58
      0
      0
      8,403
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 85,240
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 649,941 13,796,835 0.047108
2013 590,020 13,379,421 0.044099
2012 570,770 12,157,807 0.046947
2011 578,395 11,666,482 0.049577
2010 528,735 11,840,502 0.044655
2
Total of line 1, column (d) .....................
20.232386
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
0.046477
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
12,425,671
5
Multiply line 4 by line 3......................
5
577,508
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
2,400
7
Add lines 5 and 6........................
7
579,908
8
Enter qualifying distributions from Part XII, line 4.............
8
683,740
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2015)
Form 990-PF (2015)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 2,400
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 2,400
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 2,400
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 5,749
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 5,749
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 3,349
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet3,349 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)
    bulletMI
    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 ofbulletROBERT T BROWNLEE JR Telephone no.bullet (810) 767-0136

    Located atbullet111 EAST COURT STREET SUITE 3DFLINTMI ZIP+4bullet485021649
    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
    CLAIRE MOTT WHITE DECEASED PRESIDENT & TRUSTEE
    0.00     		0 0 0
    111 EAST COURT STREET SUITE 3D
    FLINT,MI485021649
    C EDWARD WHITE JR SECRETARY & ASST TREASURER
    0.00     		0 0 0
    111 EAST COURT STREET SUITE 3D
    FLINT,MI485021649
    WILLIAM S WHITE TREASURER, V.P. & TRUSTEE
    0.00     		0 0 0
    111 EAST COURT STREET SUITE 3D
    FLINT,MI485021649
    PAULA M TURRENTINE TRUSTEE
    0.00     		0 0 0
    111 EAST COURT STREET SUITE 3D
    FLINT,MI485021649
    TIFFANY W LOVETT TRUSTEE
    0.00     		0 0 0
    111 EAST COURT STREET SUITE 3D
    FLINT,MI485021649
    RIDGWAY H WHITE TRUSTEE
    0.00     		0 0 0
    111 EAST COURT STREET SUITE 3D
    FLINT,MI485021649
    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 THE FOUNDATION DID NOT CONDUCT ANY DIRECT CHARITABLE ACTIVITIES AND DID NOT MAKE ANY PROGRAM RELATED INVESTMENTS. NO ALLOCATION OF ADMINISTRATIVE EXPENSES IS MADE OTHER THAN THE AMOUNT IN PART I, COLUMN D. 0
    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 SEE PART IX-A ABOVE. 0
    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
    9,683,302
    b
    Average of monthly cash balances.......................
    1b
    542,031
    c
    Fair market value of all other assets (see instructions)................
    1c
    2,389,561
    d
    Total (add lines 1a, b, and c).........................
    1d
    12,614,894
    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
    12,614,894
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    189,223
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    12,425,671
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    621,284
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    621,284
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    2,400
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,400
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    618,884
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    618,884
    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
    618,884
    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
    683,740
    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
    683,740
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    2,400
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    681,340
    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 7 618,884
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 673,211
    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$ 683,740
    a Applied to 2014, but not more than line 2a 673,211
    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..... 10,529
    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 ..........     		608,355
    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:
    TIMOTHY C SANFORD FAX 810-767-1207
    C/O MFO MANAGEMENT COMPANY 111 E
    COURT STREET SUITE 3D
    FLINT,MI485021649
    (810) 767-0136
    bThe form in which applications should be submitted and information and materials they should include:
    INITIAL SUBMISSION SHOULD BE IN THE FORM OF A LETTER EXPLAINING THE ORGANIZATION AND THE PURPOSE OF THE REQUEST.
    cAny submission deadlines:
    A FORMAL SUBMISSION DEADLINE HAS NOT BEEN ESTABLISHED.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE FOUNDATION WAS FORMED TO MAKE CONTRIBUTIONS TO WORTHY ORGANIZATIONS, MAINLY CHARITABLE AND EDUCATIONAL, WHICH ARE QUALIFIED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
    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
    ALFRED PSLOAN MUSEUM
    1221 E KEARSLEY STREET
    FLINT,MI48503     		NONE PC GENERAL OPERATING 5,000
    BILL OF RIGHTS INSTITUTE
    200 NORTH GLEBE RD SUITE 200
    ARLINGTON,VA22203     		NONE PC GENERAL OPERATION 76,000
    FLINT CULTURAL CENTER CORPORATION
    601 EAST SECOND STREET
    FLINT,MI48503     		NONE PC GENERAL OPERATING 50,000
    FLINT INSTITUTE OF ARTS
    1120 E KEARSLEY STREET
    FLINT,MI485031991     		NONE PC GENERAL OPERATING 204,700
    FLINT INSTITUTE OF MUSIC
    1025 EAST KEARSLEY STREET
    FLINT,MI48503     		NONE PC GENERAL OPERATING 50,000
    FLINT YOUTH THEATRE
    1220 EAST KEARSLEY STREET
    FLINT,MI48503     		NONE PC GENERAL OPERATING 5,000
    GREATER FLINT ARTS COUNCIL
    816 SOUTH SAGINAW STREET
    FLINT,MI48502     		NONE PC GENERAL OPERATING 5,000
    ROBERT T LONGWAY PLANETARIUM
    1310 E KEARSLEY STREET
    FLINT,MI48503     		NONE PC GENERAL OPERATING 5,000
    WHALEY CHILDREN'S CENTER
    1201 N GRAND TRAVERSE STREET
    FLINT,MI48503     		NONE PC GENERAL OPERATING 1,000
    YWCA OF GREATER FLINT
    310 E THIRD STREET
    FLINT,MI48502     		NONE PC GENERAL OPERATING 11,000
    MERCURY ONE INC - NAZARENE FUND
    PO BOX 140489
    IRVING,TX75014     		NONE PC GENERAL OPERATING 100,000
    THE CLARION PROJECT
    1844 N NOB HILL RD SUITE 210
    FORT LAUDERDALE,FL33322     		NONE PC GENERAL OPERATING 50,000
    EIGHTH CHURCH OF CHRIST SCIENTIST
    6221 ALEXANDER DRIVE
    ST LOUIS,MO63105     		NONE PC GENERAL OPERATING 100,000
    CRYSTAL LAKE CAMPS INC
    1676 CRYSTAL LAKE ROAD
    HUGHESVILLE,PA17737     		NONE PC GENERAL OPERATING 11,000
    Total .................................bullet 3a 673,700
    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 ...........     		    14 364  
    4 Dividends and interest from securities....     14 211,681  
    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 85,240  
    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).. 0 297,285 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13297,285
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    CHARLES STEWART HARDING FOUNDATION
    EIN:
    38-6081208
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MFO MANAGEMENT FEE 34,000 30,500   3,500
    TAX & AUDIT FEE 6,500 0   6,500

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    CHARLES STEWART HARDING FOUNDATION
    EIN:
    38-6081208
    Name of Bond End of Year Book Value End of Year Fair Market Value
    VANGUARD FIXED INC SECS HIGH YIELD CORPORATE FD, 44220.726 SHS. 237,199 252,058
    VANGUARD FIXED INC SEC STRM INVEST GRADE, 50518.235 SHS. 526,451 544,081
    BLACKROCK FLOATING RATE INCOME PORTFOLIO 33993.909 SHS 355,530 339,939
    TEMPLETON GLOBAL BOND FUND 12179.556 SHS 157,666 137,873

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    CHARLES STEWART HARDING FOUNDATION
    EIN:
    38-6081208
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ADVANCE AUTO PARTS INC, 300 SHS. 45,494 48,489
    ALPHABET INC/CA-CL C, 50 SHS. 33,778 34,605
    AMERICAN AIRLS GROUP INC, 1550 SHS. 52,776 43,881
    ANADARKO PETROLEUM CORPORATION, 550.00 SHS. 30,075 29,288
    CBS CORP NEW CL B 1000 SHS. 47,665 54,440
    CME GROUP INC, 500 SHS. 45,414 48,700
    COCA-COLA COMPANY (THE), 1150.00 SHS. 29,024 52,130
    CONOCOPHILLIPS, 550.00 SHS. 22,841 23,980
    DOW CHEMICAL CO 1,250 SHS. 56,445 62,138
    DUNKIN BRANDS GROUP INC 900 SHS. 41,755 39,258
    EMC CORPORATION, 1550.00 SHS. 20,296 42,114
    EBAY INC., 1350.00 SHS. 29,831 31,604
    HOME DEPOT, INC. (THE), 800.00 SHS. 15,617 102,152
    MICROCHIP TECHNOLOGY INC INC 700.00 SHS. 28,327 35,532
    MONDELEZ INTERNATIONAL, 1200 SHS 38,434 54,612
    NORFOLK SOUTHERN CORPORATION, 450.00 SHS. 31,203 38,309
    PAYPAL HOLDINGS INC, 1400 SHS. 47,544 51,114
    PEPSICO, INC., 500.00 SHS. 28,233 52,970
    PHILLIPS 66 550.00 SHS. 45,041 43,637
    PIONEER NATURAL RESOURCES CO 300.00 SHS. 33,368 45,363
    QUALCOMM INCORPORATED, 900.00 SHS. 36,826 48,213
    REGAL ENTERTAINMENT GROUP, 2400.00 SHS. 47,461 52,896
    SCHLUMBERGER LIMITED, 400.00 SHS. 5,119 31,632
    STANLEY BLACK AND DECKER, INC., 350.00 SHS. 21,957 38,927
    TJX COS INC NEW, 650.00 SHS. 39,929 50,200
    UNITED PARCEL SVC CL B 450.00 SHS. 44,257 48,474
    UNITED TECHNOLOGIES CORPORATION, 400.00 SHS. 21,169 41,020
    VERIZON COMMUNICATIONS INC., 750.00 SHS. 23,487 41,880
    VIACOM INC NEW CL B, 0 SHS. 39,125 37,323
    VISA INC CL A SHRS, 650 SHS 34,772 48,211
    WASTE MANAGEMENT INC., 650.00 SHS. 21,472 43,076
    WYNDHAM WORLDWIDE CORP, 550 SHS. 43,923 39,177
    VANGUARD ADMIRAL REIT INDEX FUND, 5394.307 SHS 536,234 677,957
    DREYFUS TOTAL EMERGING MARKETS CL I, 80945.198 SHS 931,687 872,589
    TEMPLETON INSTL. FOREIGN EQUITY FUND, 34590.535 SHS. 706,724 616,403
    VANGUARD ADMIRAL EUROPEAN STOCK INDEX FUND, 4082.547 SHS 287,666 237,563
    MFO - D&D DMID CAP VALUE FUND, 624980.40 SHS. 626,973 652,428
    MFO - WESTFIELD FUND B, 20890.5518707 SHS. 480,440 706,295
    MFO - TOWLE FUND, 134069.4274374 SHS. 536,253 789,936
    TWITTER INC, 245.00 SHS 3,028 4,143
    VANGUARD INDEX FDS 500 ADM, 8035.982 SHS 1,249,848 1,556,248
    VANGUARD DEV MKT INDX-ADM, 32374.79 SHS 358,389 367,130
    JPMORGAN CHASE & CO 800.00 SHS. 38,948 49,712
    JONES LANG LASALLE INC COM 350 SHS 35,903 34,108
    LOWES COS INC COM 600.00 SHS 18,940 47,502
    DISNEY (WALT) CO COM STK 350.00 SHS 22,338 34,237
    BLACKROCK INC 125.00 SHS 22,284 42,816
    APPLE INC 545 SHS 41,017 52,102

    TY 2015 InvestmentsOtherSchedule2
    Name:
    CHARLES STEWART HARDING FOUNDATION
    EIN:
    38-6081208
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BALTER LONG/SHORT EQUITY INSTITUTIONAL FUND 46748.00 SHS. FMV 470,000 481,504
    CATALYST HEDGED FUTURES STRATEGY FUND CL I, 47405 SHS FMV 525,000 544,685
    OTTER CREEK LONG/SHORT OPPORTUNITY FUND 41435.00 SHS FMV 460,000 502,192
    PERSHING SQUARE HOLDINGS USD PAR ORDINARY 15650.00 SHS FMV 391,970 216,753
    WILLIAMS COMPANY DEL, 2100 SHS FMV 62,968 45,423
    DRAPER FISHER JURVETSON GROWTH FUND LP FMV 137,290 245,405
    GOLDMAN SACHS MLP ENERGY INFASTRUCTURE FUND FMV 290,948 348,098
    CROSSLINK VI VENTURE FUND FMV 32,250 69,943

    TY 2015 OtherExpensesSchedule
    Name:
    CHARLES STEWART HARDING FOUNDATION
    EIN:
    38-6081208
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE OF MICHIGAN ANNUAL FILING FEE 40 0   40
    FROM CROSSLINK VENTURES VI SCHEDULE K-1 93 93   0
    FROM CROSSLINK VENTURES VI SCHEDULE K-1 856 856   0
    FROM DRAPER FISHER JURVETSON GROWTH FUND SCHEDULE K-1 6,398 6,398   0
    FROM DRAPER FISHER JURVETSON GROWTH FUND SCHEDULE K-1 10 10   0
    FROM MFO TOWLE FUND JOINT VENTURE STMT 4,784 4,784   0
    FROM MFO WESTFIELD FUND B JOINT VENTURE STMT 4,195 4,195   0
    FROM MFO D&D SMID CAP VALUE FUND JOINT VENTURE STMT 2,705 2,705   0
    FROM MFO WORLD ASSET MANAGEMENT INTERNATIONAL EQUITY JOINT VENTURE STMT 968 968   0
    MISCELLANEOUS EXPENSE 2,664 2,664   0
    ADR - INVESTMENT FEES 139 139   0


    TY 2015 OtherIncreasesSchedule
    Name:
    CHARLES STEWART HARDING FOUNDATION
    EIN:
    38-6081208
    Description Amount
    DEFERRED EXCISE TAX EXPENSE PER AUDIT 17,600


    TY 2015 OtherLiabilitiesSchedule
    Name:
    CHARLES STEWART HARDING FOUNDATION
    EIN:
    38-6081208
    Description Beginning of Year - Book Value End of Year - Book Value
    CAPITAL COMMITMENT - CROSSLINK VI 6,504 4,504


    TY 2015 TaxesSchedule
    Name:
    CHARLES STEWART HARDING FOUNDATION
    EIN:
    38-6081208
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES WITHHELD/FEDERAL EXCISE TAX 3,595 3,944   0
    FOREIGN TAXES FROM MFO TOWLE FUND JOINT VENTURE STMT 17 17   0