Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 11-01-2015 , and ending 10-31-2016
Name of foundation
TOULMIN VIRGINIA B
CHARITABLE FOUNDATION III
Number and street (or P.O. box number if mail is not delivered to street address)623 FIFTH AVENUE 28TH FLOOR
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10022
A Employer identification number

13-7385769
B Telephone number (see instructions)

(212) 546-6211
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$130,176,974J 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 1,542 1,542  
4 Dividends and interest from securities... 1,797,131 1,770,979  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,470,870
b Gross sales price for all assets on line 6a 44,618,867
7 Capital gain net income (from Part IV, line 2)... 2,932,620
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 56,489 227,367  
12 Total. Add lines 1 through 11........ 5,326,032 4,932,508  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 250,000 100,000   100,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 111,703 0   0
b Accounting fees (attach schedule)....... Click to see attachment 87,500 65,625   15,000
c Other professional fees (attach schedule).... Click to see attachment 1,311,608 1,053,836   287,947
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 36,200 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 182,698 0   91,264
22 Printing and publications..........        
23 Other expenses (attach schedule).......   114,759    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,979,709 1,334,220   494,211
25 Contributions, gifts, grants paid....... 5,482,902 7,063,000
26 Total expenses and disbursements. Add lines 24 and 25 7,462,611 1,334,220   7,557,211
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,136,579
b Net investment income (if negative, enter -0-) 3,598,288
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............. 308,767 404,206 404,206
2 Savings and temporary cash investments......... 13,768,170 6,689,515 6,689,515
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.......... 44,575 132,800 132,800
10a Investments—U.S. and state government obligations (attach schedule) 23,460,655 Click to see attachment21,616,736 21,616,736
b Investments—corporate stock (attach schedule)....... 51,244,866 Click to see attachment46,669,095 46,669,095
c Investments—corporate bonds (attach schedule)....... 12,374,895 Click to see attachment10,994,943 10,994,943
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 32,405,664 Click to see attachment43,309,436 43,309,436
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment515,230 Click to see attachment360,243 Click to see attachment360,243
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 134,122,822 130,176,974 130,176,974
Liabilities 17 Accounts payable and accrued expenses.......... 135,106 162,635
18 Grants payable.................. 4,037,730 2,407,632
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 attachment349,893 Click to see attachment326,667
23 Total liabilities (add lines 17 through 22)......... 4,522,729 2,896,934
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 129,600,093 127,280,040
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 129,600,093 127,280,040
31 Total liabilities and net assets/fund balances (see instructions). 134,122,822 130,176,974
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
129,600,093
2
Enter amount from Part I, line 27a .....................
2
-2,136,579
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
12,877
4
Add lines 1, 2, and 3 ..........................
4
127,476,391
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
196,351
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
127,280,040
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 PUBLICLY TRADED SECURITIES      
b PARTNERSHIP CAPITAL GAINS/LOSSES P    
c CAPITAL GAINS DIVIDENDS P    
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 44,504,486   41,147,997 3,356,489
b       -538,250
c 114,381     114,381
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       3,356,489
b       -538,250
c       114,381
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 2,932,620
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 6,859,683 136,737,285 0.050167
2013 7,207,706 138,957,962 0.051870
2012 6,641,427 121,073,138 0.054855
2011 4,553,673 101,653,486 0.044796
2010 1,107,931 25,726,885 0.043065
2
Total of line 1, column (d) .....................
20.244753
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
0.048951
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
129,038,299
5
Multiply line 4 by line 3......................
5
6,316,554
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
35,983
7
Add lines 5 and 6........................
7
6,352,537
8
Enter qualifying distributions from Part XII, line 4.............
8
7,557,211
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 35,983
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 35,983
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 35,983
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 169,575
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.............. 7 169,575
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 133,592
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet133,592 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)
    bulletOH
    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) Click to see attachment.............
    11
    Yes
     
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletTHE FOUNDATION Telephone no.bullet (212) 546-6211

    Located atbullet623 FIFTH AVENUE 28TH FLOORNEW YORKNY ZIP+4bullet10022
    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
    WILLIAM S VILLAFRANCO TRUSTEE
    30.00     		100,000 0 0
    623 FIFTH AVENUE 28TH FLOOR
    NEW YORK,NY10022
    ALEXANDER C SANGER TRUSTEE
    30.00     		100,000 0 0
    IPPF 125 MAIDEN LANE 9TH FLOOR
    NEW YORK,NY10038
    KEVIN L MCDONALD TRUSTEE (TO NOVEMBER 2015)
    10.00     		25,000 0 0
    10 WEST SECOND ST 27TH FLOOR
    DAYTON,OH45402
    LAURENCE J HALL TRUSTEE (FROM FEBRUARY TO JULY 2016)
    10.00     		25,000 0 0
    2242 HARBOUR COURT DRIVE
    LONGBOAT KEY,FL34228
    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
    SOUTHWIND ASSOCIATES OF NJ INC INVESTMENT MANAGEMENT SERVICES 421,564
    623 FIFTH AVENUE 28TH FLOOR
    NEW YORK,NY10022
    TCC GROUP CONSULTING SERVICES 262,674
    31 WEST 27TH STREET 4TH FLOOR
    NEW YORK,NY10001
    EAGLE CAPITAL MANAGEMENT LLC INVESTMENT MANAGEMENT SERVICES 136,987
    499 PARK AVENUE 17TH FLOOR
    NEW YORK,NY10022
    SANDS CAPITAL MANAGEMENT INVESTMENT MANAGEMENT SERVICES 132,939
    1101 WILSON BLVD SUITE 2300
    ARLINGTON,VA22209
    WASMER SCHROEDER & CO INC INVESTMENT MANAGEMENT SERVICES 113,939
    600 5TH AVE S SUITE 210
    NAPLES,FL34102
    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
    118,192,313
    b
    Average of monthly cash balances.......................
    1b
    12,811,036
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    131,003,349
    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
    131,003,349
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,965,050
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    129,038,299
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    6,451,915
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    6,451,915
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    35,983
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    35,983
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    6,415,932
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    6,415,932
    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
    6,415,932
    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
    7,557,211
    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
    7,557,211
    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
    35,983
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    7,521,228
    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 6,415,932
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 0
    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...... 710,334
    d From 2013...... 381,935
    e From 2014...... 169,991
    fTotal of lines 3a through e........ 1,262,260
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 7,557,211
    a Applied to 2014, but not more than line 2a 0
    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..... 6,415,932
    e Remaining amount distributed out of corpus 1,141,279
    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 2,403,539
    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 ..........     		0
    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 ......     		2,403,539
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012.... 710,334
    c Excess from 2013.... 381,935
    d Excess from 2014.... 169,991
    e Excess from 2015.... 1,141,279
    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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AMERICAN BALLET THEATRE
    890 BROADWAY 3RD FL
    NEW YORK,NY10003     		  PC COMMISSION A NEW BALLET BY CHOREOGRAPHER JESSICA LANG 50,000
    AMERICAN BALLET THEATRE
    890 BROADWAY 3RD FL
    NEW YORK,NY10003     		  PC SUPPORT THE WOMEN CHOREOGRAPHERS INITIATIVE 100,000
    AMERICAN COMPOSERS ORCHESTRA INC
    244 WEST 54TH ST STE 805
    NEW YORK,NY10019     		  PC SUPPORT THE WOMEN COMPOSERS COMMISSIONING PROGRAM 25,000
    AMERICAN CONSERVATORY THEATER
    30 GRANT AVE 6TH FL
    SAN FRANCISCO,CA94108     		  PC SUPPORT THE WOMEN'S LEADERSHIP PROJECT 75,000
    AMERICAN CONSERVATORY THEATER
    30 GRANT AVE 6TH FL
    SAN FRANCISCO,CA94108     		  PC WOMEN PLAYWRIGHTS COMMISSIONING PROGRAM GRANT TO COMMISSION A NEW WORK BY TRACEY SCOTT WILSON 25,000
    AMERICAN OPERA PROJECTS INC
    138 SOUTH OXFORD STREET
    BROOKLYN,NY11217     		  PC GENERAL OPERATING SUPPORT 25,000
    ARENA STAGE
    1101 SIXTH STREET SW
    WASHINGTON,DC20024     		  PC WOMEN PLAYWRIGHTS COMMISSIONING PROGRAM GRANT TO COMMISSION A NEW WORK BY MARY KATHRYN NAGLE 25,000
    ASOLO THEATRE
    5555 N TAMIAMI TRAIL
    SARASOTA,FL34243     		  PC GENERAL OPERATING SUPPORT 50,000
    ASOLO THEATRE
    5555 N TAMIAMI TRAIL
    SARASOTA,FL34243     		  PC SUPPORT THE IMPLEMENTATION OF TESSITURA SOFTWARE AND ONE YEAR OF MONTHLY HOSTING FEES 42,500
    ATLANTA BALLET
    1695 MARIETTA BOULEVARD NW
    ATLANTA,GA30318     		  PC COMMISSION AND PREMIERE A NEW WORK BY CHOREOGRAPHER GEMMA BOND 25,000
    BALL4LYFE
    PO BOX 16581
    WEST PALM BEACH,FL33416     		  PC GENERAL OPERATING SUPPORT 20,000
    BETH MORRISON PROJECTS
    666 OCEAN AVE D1
    BROOKLYN,NY11226     		  PC SUPPORT A DEVELOPMENT DIRECTOR POSITION 100,000
    BOSTON BALLET
    19 CLARENDON ST
    BOSTON,MA02116     		  PC COMMISSION AND PREMIERE A NEW WORK BY CHOREOGRAPHER JILL JOHNSON 25,000
    BOYS HOPE GIRLS HOPE
    9619 GARFIELD BLVD
    GARFIELD HEIGHTS,OH44125     		  PC GENERAL OPERATING SUPPORT 100,000
    BRONX CHARTER SCHOOL FOR THE ARTS
    950 LONGFELLOW AVENUE
    BRONX,NY10474     		  PC GENERAL OPERATING SUPPORT 5,000
    BRONX CHARTER SCHOOL FOR THE ARTS
    950 LONGFELLOW AVENUE
    BRONX,NY10474     		  PC GENERAL OPERATING SUPPORT 10,000
    BRONX CHARTER SCHOOL FOR THE ARTS
    950 LONGFELLOW AVENUE
    BRONX,NY10474     		  PC GENERAL OPERATING SUPPORT 125,000
    BRONX CHARTER SCHOOL FOR THE ARTS
    950 LONGFELLOW AVENUE
    BRONX,NY10474     		  PC GENERAL OPERATING SUPPORT 5,000
    BROOKLYN ACADEMY OF MUSIC
    30 LAFAYETTE AVE
    BROOKLYN,NY11217     		  PC SUPPORTING FEMALE CHOREOGRAPHERS IN THE 2016 NEXT WAVE FESTIVAL 50,000
    CASE WESTERN RESERVE UNIVERSITY
    10900 EUCLID AVE
    CLEVELAND,OH44106     		  PC 1 INT'L NURSING SCHOLARSHIP & 2 NEONATAL NURSE PRACTITIONERS SCHOLARSHIPS 175,000
    CENTER FOR CONTEMPORARY OPERA
    236 EAST 31ST ST
    NEW YORK,NY10016     		  PC SUPPORT FEMALE OPERA COMPOSERS AT CENTER FOR CONTEMPORARY OPERA'S FALL FESTIVAL 25,000
    CENTER FOR FAMILY SERVICES OF PALM BEACH COUNTY
    4101 PARKER AVENUE
    WEST PALM BEACH,FL33405     		  PC SUPPORT FOR KIDS HELPING KIDS CLUB AND GENERAL OPERATIONS 100,000
    CHANCES FOR CHILDREN
    850 SEVENTH AVE 703
    NEW YORK,NY10019     		  PC GENERAL OPERATING SUPPORT 100,000
    CHICAGO SYMPHONY ORCHESTRA
    220 S MICHIGAN AVE
    CHICAGO,IL60604     		  PC COMMISSION AND PREMIERE A NEW WORK BY COMPOSER AMY BETH KIRSTEN 25,000
    CULTURE PROJECT
    49 BLEECKER ST
    NEW YORK,NY10012     		  PC WOMEN PLAYWRIGHTS COMMISSIONING PROGRAM GRANT TO COMMISSION A NEW WORK BY SARAH SHOURD 25,000
    DAYTON CHILDREN'S HOSPITAL
    1 CHILDRENS PLAZA
    DAYTON,OH45404     		  PC SUPPORT CAMPUS RENEWAL AND A NEW PATIENT CARE FACILITY 200,000
    DAYTON PERFORMING ARTS ALLIANCE
    126 NORTH MAIN STREET
    DAYTON,OH45402     		  PC GENERAL OPERATING SUPPORT 250,000
    DAYTON'S CRAYONS TO CLASSROOMS
    1750 WOODMAN DRIVE
    DAYTON,OH45420     		  PC SUPPORT OPERATIONAL & FUND DEVELOPMENT MANAGER POSITIONS 155,000
    FRIENDS OF THE PLAINFIELD PUBLIC LIBRARY INC
    800 PARK AVE
    PLAINFIELD,NJ07060     		  PC GENERAL OPERATING SUPPORT 5,000
    GIRLS INC OF SARASOTA COUNTY
    201 S TUTTLE AVE
    SARASOTA,FL34237     		  PC GENERAL OPERATING SUPPORT 185,000
    GIVE2ASIA
    600 CALIFORNIA STREET
    SAN FRANCISCO,CA94108     		  PC ENGLISH LANGUAGE TEACHING GRANT FOR CLC FOR DEVELOPMENT OF HUMANITY IN THAILAND 4,500
    GIVE2ASIA
    600 CALIFORNIA STREET
    SAN FRANCISCO,CA94108     		  PC EDUCATION HELPING ORPHANS, BROKEN HOME/POOR/DISADVANTAGED/HIGH RISK YOUTHS 125,000
    GOODWILL EASTER SEALS MIAMI VALLEY
    660 S MAIN ST
    DAYTON,OH45402     		  PC SUPPORT CAPACITY NEEDS 25,000
    GOODWILL EASTER SEALS MIAMI VALLEY
    660 S MAIN ST
    DAYTON,OH45402     		  PC SUPPORT FOR MIAMI VALLEY WORKS PROGRAM 50,000
    HANOVER COLLEGE
    484 BALL DRIVE
    HANOVER,IN47243     		  PC VIRGINIA B. TOULMIN SCHOLARSHIP IN THE PERFORMING ARTS 62,500
    HERE ARTS CENTER
    145 SIXTH AVE
    NEW YORK,NY10013     		  PC WOMEN PLAYWRIGHTS COMMISSIONING PROGRAM GRANT TO COMMISSION A NEW WORK BY ZOEY MARTINSON 25,000
    HERE ARTS CENTER
    145 SIXTH AVE
    NEW YORK,NY10013     		  PC SUPPORT THE PROTOTYPE: OPERA/THEATRE/NOW FESTIVAL 25,000
    HOSPITAL FOR SPECIAL SURGERY
    535 EAST 70TH STREET
    NEW YORK,NY10021     		  PC MEDICAL RESEARCH 100,000
    ICAHN SCHOOL OF MEDICINE - DUBIN BREAST CENTER
    ONE GUSTAVE L LEVY PLACE BOX 1049
    NEW YORK,NY10029     		  PC SUPPORT THE FAMILY PSYCHOLOGY PROGRAM & A SOCIAL WORKER POSITION 250,000
    ICAHN SCHOOL OF MEDICINE - DUBIN BREAST CENTER
    ONE GUSTAVE L LEVY PLACE BOX 1049
    NEW YORK,NY10029     		  PC GENERAL OPERATING SUPPORT 10,000
    ICAHN SCHOOL OF MEDICINE - DUBIN BREAST CENTER
    ONE GUSTAVE L LEVY PLACE BOX 1049
    NEW YORK,NY10029     		  PC SUPPORT THE FAMILY PSYCHOLOGY AND SOCIAL WORK PROGRAMS 50,000
    INTERNATIONAL PLANNED PARENTHOOD FEDERATION WESTERN HEMISPHERE REGION
    125 MAIDEN LN 9TH FL
    NEW YORK,NY10038     		  PC SUPPORT IPPF/WHR MEMBER ASSOCIATIONS SUSTAINABILITY PROJECT 250,000
    INTERNATIONAL PLANNED PARENTHOOD FEDERATION WESTERN HEMISPHERE REGION
    125 MAIDEN LN 9TH FL
    NEW YORK,NY10038     		  PC SUPPORT A SOCIAL ENTERPRISE MODEL TO IMPROVE THE HEALTH OF BOLIVIAN MIGRANTS IN ARGENTINA 50,000
    JESSICA LANG DANCE
    2728 THOMSON AVE WORKSPACE 10
    LONG ISLAND CITY,NY11101     		  PC SUPPORT EXTRA REHEARSAL TIME FOR AMERICAN BALLET THEATRE AND PACIFIC NORTHWEST BALLET NEW WORKS 26,000
    JEWISH WOMEN INTERNATIONAL
    1129 20TH ST NW STE 801
    WASHINGTON,DC20036     		  PC GENERAL OPERATING SUPPORT 5,000
    LEAGUE OF AMERICAN ORCHESTRAS
    33 W 60TH ST 5TH FL
    NEW YORK,NY10023     		  PC SUPPORT THE WOMEN COMPOSERS READINGS AND COMMISSIONS PROGRAM 130,000
    LINCOLN CENTER FOR THE PERFORMING ARTS
    70 LINCOLN CENTER PLAZA
    NEW YORK,NY10023     		  PC SUPPORT THE 2016 LINCOLN CENTER FESTIVAL 50,000
    LOS ANGELES PHILHARMONIC
    151 S GRAND AVE
    LOS ANGELES,CA90012     		  PC COMMISSION AND PREMIERE A NEW WORK BY COMPOSER THURIDUR JONSDOTTIR 25,000
    MYFACE
    330 MADISON AVENUE
    NEW YORK,NY10017     		  PC GENERAL OPERATING SUPPORT 50,000
    NAPLES EQUESTRIAN CHALLENGE
    206 RIDGE DRIVE
    NAPLES,FL34108     		  PC GENERAL OPERATING SUPPORT 75,000
    NATIONAL MULTIPLE SCLEROSIS SOCIETY GREATER ILLINOIS CHAPTER
    525 W MONROE ST STE 900
    CHICAGO,IL60661     		  PC GENERAL OPERATING SUPPORT 5,000
    NEW YORK CITY BALLET
    DAVID H KOCH THEATER
    NEW YORK,NY10023     		  PC COMMISSION AND PRODUCE NEW BALLETS BY CHOREOGRAPHERS LAUREN LOVETTE AND ANNABELLE OCHOA 100,000
    NEW YORK CITY CENTER
    130 W 56TH ST
    NEW YORK,NY10019     		  PC FOR ORGANIZATIONAL CAPACITY BUILDING 75,000
    NEW YORK CITY CENTER
    130 W 56TH ST
    NEW YORK,NY10019     		  PC COMMISSION NEW WORKS FOR FALL FOR DANCE FESTIVAL AND MAINSTAGE 2016/2017 DANCE SEASON 100,000
    NEW YORK CITY CENTER
    130 W 56TH ST
    NEW YORK,NY10019     		  PC SUPPORT THE SARASOTA BALLET AT THE 2016 FALL FOR DANCE FESTIVAL 25,000
    NEW YORK COMMUNITY TRUST
    909 THIRD AVE 22ND FL
    NEW YORK,NY10022     		  PC SUPPORT ARTS AND CULTURAL, SOCIAL SERVICES, AND OTHER CHARITABLE ORGANIZATIONS 100,000
    NEW YORK OPEN CENTER
    22 EAST 30TH STREET
    NEW YORK,NY10016     		  PC GENERAL OPERATING SUPPORT 50,000
    NYU - WOMEN BALLET CHOREOGRAPHERS
    20 COOPER SQUARE 2ND FLOOR
    NEW YORK,NY10003     		  PC TOULMIN FELLOWSHIP FOR WOMEN CHOREOGRAPHERS 50,000
    NYU SCHOOL OF MEDICINE
    ONE PARK AVENUE 5TH FLOOR
    NEW YORK,NY10016     		  PC MEDICAL RESEARCH 50,000
    OPEN ROADS
    1223 WILSHIRE BLVD 351
    SANTA MONICA,CA90403     		  PC NAPLES EQUESTRIAN CHALLENGE, NAPLES SHELTER, AND YOUTH HAVEN SHORT FILMS 75,000
    OPEN ROADS
    1223 WILSHIRE BLVD 351
    SANTA MONICA,CA90403     		  PC PRODUCE GRAPHIC NOVEL RE: ENDING VIOLENCE AGAINST WOMEN/CHILDREN & PROVIDING ROLE MODELS FOR YOUNG MEN 32,500
    OPEN ROADS
    1223 WILSHIRE BLVD 351
    SANTA MONICA,CA90403     		  PC PRODUCE GRAPHIC NOVEL RE: ENDING VIOLENCE AGAINST WOMEN/CHILDREN & PROVIDING ROLE MODELS FOR YOUNG MEN 32,500
    OPEN ROADS
    1223 WILSHIRE BLVD 351
    SANTA MONICA,CA90403     		  PC SUPPORT OPEN ROADS "ON THE ROAD" FILMMAKING EXPEDITION FEATURING STUDENTS IN THE GADV PROGRAM 10,000
    OPEN ROADS
    1223 WILSHIRE BLVD 351
    SANTA MONICA,CA90403     		  PC PRODUCTION OF A SHORT FILM TO PROMOTE THE DAYTON PERFORMING ARTS ALLIANCE 50,000
    OPEN ROADS
    1223 WILSHIRE BLVD 351
    SANTA MONICA,CA90403     		  PC GENERAL OPERATING SUPPORT 70,000
    OPEN ROADS
    1223 WILSHIRE BLVD 351
    SANTA MONICA,CA90403     		  PC SUPPORT OPEN ROADS SUMMER PROGRAM 30,000
    OPERA AMERICA
    330 7TH AVE
    NEW YORK,NY10001     		  PC OPERA GRANTS FOR FEMALE COMPOSERS 150,000
    OPERA AMERICA
    330 7TH AVE
    NEW YORK,NY10001     		  PC SUPPORT THE PRODUCTION OF 2017 ORCHESTRAL SHOWCASE OF NEW OPERATIC WORKS 40,000
    OPERA AMERICA
    330 7TH AVE
    NEW YORK,NY10001     		  PC OPERA GRANTS FOR FEMALE COMPOSERS 300,000
    PACIFIC NORTHWEST BALLET
    301 MERCER STREET
    SEATTLE,WA98109     		  PC COMMISSION AND PREMIERE A NEW WORK BY CHOREOGRAPHER JESSICA LANG 20,000
    PACIFIC NORTHWEST BALLET
    301 MERCER STREET
    SEATTLE,WA98109     		  PC COMMISSION AND PREMIERE A NEW WORK BY CHOREOGRAPHER JESSICA LANG 30,000
    PLANNED PARENTHOOD OF NEW YORK CITY INC
    26 BLEECKER STREET
    NEW YORK,NY10012     		  PC PROJECT STREET BEAT'S LATINO PEER OUTREACH PROGRAM & PREP EDUCATION & ACCESS PROGRAM 100,000
    PLANNED PARENTHOOD OF SW AND CENTRAL FLORIDA
    736 CENTRAL AVENUE
    SARASOTA,FL34236     		  PC GENERAL OPERATING SUPPORT 100,000
    PREVENT CHILD ABUSE AMERICA
    228 S WABASH AVE
    CHICAGO,IL60604     		  PC GENERAL OPERATING SUPPORT 5,000
    PROFESSIONAL CHILDREN'S SCHOOL
    132 WEST 60TH STREET
    NEW YORK,NY10023     		  PC VIRGINIA B. TOULMIN SCHOLARS PROGRAM (TWO PERFORMING ARTS STUDENTS PER YEAR) 100,000
    RATTLESTICK PLAYWRIGHTS THEATER
    224 WAVERLY PLACE
    NEW YORK,NY10014     		  PC WOMEN PLAYWRIGHTS COMMISSIONING PROGRAM GRANT TO COMMISSION A NEW WORK BY CORI THOMAS 25,000
    SARASOTA OPERA ASSOCIATION
    50 CENTRAL AVENUE
    SARASOTA,FL34236     		  PC GENERAL OPERATING SUPPORT 150,000
    SARASOTA ORCHESTRA
    709 N TAMIAMI TRAIL
    SARASOTA,FL34236     		  PC GENERAL OPERATING SUPPORT 200,000
    SCHOOL OF AMERICAN BALLET
    70 LINCOLN CENTER PLAZA
    NEW YORK,NY10023     		  PC SUPPORT FEMALE CHOREOGRAPHERS UNDER THE TOULMIN SCHOLARS PROGRAM 57,500
    SCRIPTED INC
    85 BROAD STREET 17TH FLOOR
    NEW YORK,NY10004     		  PC SUPPORT INCREASING SCRIPTED'S ORGANIZATIONAL CAPACITY 100,000
    SHELTER FOR ABUSED WOMEN AND CHILDREN
    674 PALM CIRCLE
    NAPLES,FL34101     		  PC GENERAL OPERATING SUPPORT 25,000
    SHELTER FOR ABUSED WOMEN AND CHILDREN
    674 PALM CIRCLE
    NAPLES,FL34101     		  PC GENERAL OPERATING SUPPORT 5,000
    SHELTER FOR ABUSED WOMEN AND CHILDREN
    674 PALM CIRCLE
    NAPLES,FL34101     		  PC GENERAL OPERATING SUPPORT, HEALING ARTS PROGRAM, & GADV INITIATIVE 140,000
    SIGNATURE THEATRE
    THE PERSHING SQUARE SIGNATURE
    CENTER
    NEW YORK,NY10036     		  PC WOMEN PLAYWRIGHTS COMMISSIONING PROGRAM GRANT TO COMMISSION A NEW WORK BY DOMINIQUE MORISSEAU 25,000
    ST ARMANDS KEY LUTHERAN CHURCH
    40 N ADAMS DRIVE
    SARASOTA,FL34236     		  PC GENERAL OPERATING SUPPORT 25,000
    ST BONAVENTURE UNIVERSITY
    3261 WEST STATE ROAD
    ST BONAVENTURE,NY14778     		  PC UNIVERSITY MINISTRIES BONA BUDDIES YOUTH MENTORS 10,000
    SUNRISE ASSOCIATION
    15 NEIL COURT
    OCEANSIDE,NY11572     		  PC SCHOLARSHIPS & GENERAL OPERATING SUPPORT 90,000
    SUNRISE ASSOCIATION
    15 NEIL COURT
    OCEANSIDE,NY11572     		  PC GENERAL OPERATING SUPPORT 50,000
    THE HUMAN RACE THEATRE COMPANY
    126 NORTH MAIN STREET
    DAYTON,OH45402     		  PC CAMPAIGN FOR DEVELOPMENT OF NEW WORKS 50,000
    THE JUILLIARD SCHOOL
    60 LINCOLN CENTER PLAZA
    NEW YORK,NY10031     		  PC SCHOLARSHIPS FOR TOULMIN SCHOLARS IN THE VOCAL ARTS 100,000
    THE JUILLIARD SCHOOL
    60 LINCOLN CENTER PLAZA
    NEW YORK,NY10031     		  PC SCHOLARSHIPS FOR TOULMIN SCHOLARS IN THE VOCAL ARTS 100,000
    THE JUILLIARD SCHOOL
    60 LINCOLN CENTER PLAZA
    NEW YORK,NY10031     		  PC MARKET COMPOSITION DEPT. TO FEMALE STUDENTS & PARTIAL SCHOLARSHIPS 25,000
    THE NEW 42ND STREET
    229 W 42ND STREET
    NEW YORK,NY10036     		  PC THE NEW VICTORY THEATER TEACHING ARTISTS PROGRAM 2:1 MATCH 100,000
    THE NEW GROUP
    410 WEST 42ND STREET
    NEW YORK,NY10036     		  PC WOMEN PLAYWRIGHTS COMMISSIONING PROGRAM GRANT TO COMMISSION A NEW WORK BY AMINA HENRY 25,000
    THE PAINTED TURTLE
    1300 4TH STREET
    SANTA MONICA,CA90401     		  PC SUPPORT OF THE NURSING PROGRAM 150,000
    VAIL VALLEY FOUNDATION
    90 BENCHMARK RD STE 300
    AVON,CO81620     		  PC SUPPORT A NEW BALLET BY CHOREOGRAPHER CLAUDIA SCHREIER AT THE VAIL INTERNATIONAL DANCE FESTIVAL 40,000
    VICTORIA THEATRE ASSOCIATION
    138 N MAIN ST
    DAYTON,OH45402     		  PC SUPPORT FOR THE NEXT STAGE CAMPAIGN 250,000
    VIDEO ARCHIVES INC
    1235 S TAMIAMI TRAIL
    SARASOTA,FL34239     		  PC USE OF "VIRGINIA TOULMIN, A LIVING HISTORY 2006 AND "MARGARET WISE, A LIVING HISTORY 2001" VIDEOS 10,000
    WRIGHT STATE UNIVERSITY
    3640 COLONEL GLENN HWY
    DAYTON,OH45435     		  PC DISTINGUISHED VISITING ARTISTS PROGRAM 25,000
    YALE REPERTORY THEATRE
    PO BOX 208244
    NEW HAVEN,CT06520     		  PC WOMEN PLAYWRIGHTS COMMISSIONING PROGRAM GRANT TO COMMISSION A NEW WORK BY SUSAN SOON HE STANTON 25,000
    YORK STREET PROJECT
    89 YORK STREET
    JERSEY CITY,NJ07302     		  PC SUPPORT THE PURCHASE OF A NEW VAN TO TRANSPORT THE WOMEN AND CHILDREN SERVED BY YORK STREET PROJECT 10,000
    YORK STREET PROJECT
    89 YORK STREET
    JERSEY CITY,NJ07302     		  PC GENERAL OPERATING SUPPORT 10,000
    YORK STREET PROJECT
    89 YORK STREET
    JERSEY CITY,NJ07302     		  PC GENERAL OPERATING SUPPORT 25,000
    Total .................................bullet 3a 7,063,000
    bApproved for future payment
    AMERICAN BALLET THEATRE
    890 BROADWAY 3RD FL
    NEW YORK,NY10003     		  PC SUPPORT THE WOMEN CHOREOGRAPHERS INITIATIVE 100,000
    ASOLO THEATRE
    5555 N TAMIAMI TRAIL
    SARASOTA,FL34243     		  PC SUPPORT ONE YEAR OF MONTHLY TESSITURA SOFTWARE HOSTING FEES 31,500
    ATLANTA BALLET
    1695 MARIETTA BOULEVARD NW
    ATLANTA,GA30318     		  PC COMMISSION AND PREMIERE A NEW WORK BY CHOREOGRAPHER GEMMA BOND 25,000
    BOSTON BALLET
    19 CLARENDON ST
    BOSTON,MA02116     		  PC COMMISSION AND PREMIERE A NEW WORK BY CHOREOGRAPHER JILL JOHNSON 25,000
    CHICAGO SYMPHONY ORCHESTRA
    220 S MICHIGAN AVE
    CHICAGO,IL60604     		  PC COMMISSION AND PREMIERE A NEW WORK BY COMPOSER AMY BETH KIRSTEN 25,000
    DAYTON CHILDREN'S HOSPITAL
    1 CHILDRENS PLAZA
    DAYTON,OH45404     		  PC SUPPORT CAMPUS RENEWAL AND A NEW PATIENT CARE FACILITY 400,000
    DAYTON PERFORMING ARTS ALLIANCE
    126 NORTH MAIN STREET
    DAYTON,OH45402     		  PC GENERAL OPERATING SUPPORT 250,000
    DAYTON'S CRAYONS TO CLASSROOMS
    1750 WOODMAN DRIVE
    DAYTON,OH45420     		  PC SUPPORT OPERATIONAL MANAGER POSITION 40,000
    GIRLS INC OF SARASOTA COUNTY
    201 S TUTTLE AVE
    SARASOTA,FL34237     		  PC GENERAL OPERATING SUPPORT 20,000
    GOODWILL EASTER SEALS MIAMI VALLEY
    660 S MAIN ST
    DAYTON,OH45402     		  PC SUPPORT FOR MIAMI VALLEY WORKS PROGRAM 100,000
    INTERNATIONAL PLANNED PARENTHOOD FEDERATION WESTERN HEMISPHERE REGION
    125 MAIDEN LN 9TH FL
    NEW YORK,NY10038     		  PC SUPPORT IPPF/WHR MEMBER ASSOCIATIONS SUSTAINABILITY PROJECT 500,000
    LOS ANGELES PHILHARMONIC
    151 S GRAND AVE
    LOS ANGELES,CA90012     		  PC COMMISSION AND PREMIERE A NEW WORK BY COMPOSER THURIDUR JONSDOTTIR 25,000
    NYU - WOMEN BALLET CHOREOGRAPHERS
    20 COOPER SQUARE 2ND FLOOR
    NEW YORK,NY10003     		  PC TOULMIN FELLOWSHIP FOR WOMEN CHOREOGRAPHERS 50,000
    OPERA AMERICA
    330 7TH AVE
    NEW YORK,NY10001     		  PC OPERA GRANTS FOR FEMALE COMPOSERS 150,000
    PROFESSIONAL CHILDREN'S SCHOOL
    132 WEST 60TH STREET
    NEW YORK,NY10023     		  PC VIRGINIA B. TOULMIN SCHOLARS PROGRAM (TWO PERFORMING ARTS STUDENTS PER YEAR) 100,000
    SCHOOL OF AMERICAN BALLET
    70 LINCOLN CENTER PLAZA
    NEW YORK,NY10023     		  PC SUPPORT FEMALE CHOREOGRAPHERS UNDER THE TOULMIN SCHOLARS PROGRAM 57,500
    SHELTER FOR ABUSED WOMEN AND CHILDREN
    674 PALM CIRCLE
    NAPLES,FL34101     		  PC GENERAL OPERATING SUPPORT, HEALING ARTS PROGRAM, & GADV INITIATIVE 130,000
    ST BONAVENTURE UNIVERSITY
    3261 WEST STATE ROAD
    ST BONAVENTURE,NY14778     		  PC UNIVERSITY MINISTRIES BONA BUDDIES YOUTH MENTORS 10,000
    THE JUILLIARD SCHOOL
    60 LINCOLN CENTER PLAZA
    NEW YORK,NY10031     		  PC SCHOLARSHIPS FOR TOULMIN SCHOLARS IN THE VOCAL ARTS 100,000
    VICTORIA THEATRE ASSOCIATION
    138 N MAIN ST
    DAYTON,OH45402     		  PC SUPPORT FOR THE NEXT STAGE CAMPAIGN 250,000
    WRIGHT STATE UNIVERSITY
    3640 COLONEL GLENN HWY
    DAYTON,OH45435     		  PC DISTINGUISHED VISITING ARTISTS PROGRAM 25,000
    Total .................................bullet 3b 2,414,000
    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 1,542  
    4 Dividends and interest from securities....     14 1,797,131  
    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.....     14 56,489  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 3,470,870  
    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 5,326,032 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    135,326,032
    (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:
    TOULMIN VIRGINIA B
     
    CHARITABLE FOUNDATION III
    EIN:
    13-7385769
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 87,500 65,625   15,000

    TY 2015 GeneralExplanationAttachment
    Name:
    TOULMIN VIRGINIA B
     
    CHARITABLE FOUNDATION III
    EIN:
    13-7385769
    Identifier Return Reference Explanation
    TRANSFERS FROM CONTROLLED ENTITIES FORM 990-PF, PART VII-A, LINE 11 NAME OF CONTROLLED ENTITY: VIRGINIA B. TOULMIN IRREVOCABLE TRUSTEMPLOYER ID NO: 61-6399748ADDRESS: 10 WEST SECOND STREET, 26TH FLOOR, DAYTON, OH 45402DESCRIPTION OF TRANSFER: CASH TRANSFERS OF CONTRIBUTION RECEIVABLE FROM TRUST DURING THE YEARAMOUNT OF TRANSFER: $80,000TOTAL AMOUNT OF TRANSFERS FROM CONTROLLED ENTITIES: $80,000EXCESS BUSINESS HOLDING: NO

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    TOULMIN VIRGINIA B
     
    CHARITABLE FOUNDATION III
    EIN:
    13-7385769
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 10,994,943 10,994,943

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    TOULMIN VIRGINIA B
     
    CHARITABLE FOUNDATION III
    EIN:
    13-7385769
    Name of Stock End of Year Book Value End of Year Fair Market Value
    EQUITIES 46,669,095 46,669,095

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    TOULMIN VIRGINIA B
     
    CHARITABLE FOUNDATION III
    EIN:
    13-7385769
    US Government Securities - End of Year Book Value:

    10,241,809
    US Government Securities - End of Year Fair Market Value:

    10,241,809
    State & Local Government Securities - End of Year Book Value:


    11,374,927
    State & Local Government Securities - End of Year Fair Market Value:


    11,374,927


    TY 2015 InvestmentsOtherSchedule2
    Name:
    TOULMIN VIRGINIA B
     
    CHARITABLE FOUNDATION III
    EIN:
    13-7385769
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    GLOBAL LONG/SHORT FUND FMV 9,710,726 9,710,726
    LIMITED PARTNERSHIP INTERESTS FMV 5,697,720 5,697,720
    OVERSEAS FUND FMV 5,000,106 5,000,106
    REAL ESTATE INVESTMENT TRUST FMV 0 0
    EXCHANGE TRADED FUNDS FMV 0 0
    MUTUAL FUNDS FMV 21,563,080 21,563,080
    FEEDER FUND FMV 1,337,804 1,337,804

    TY 2015 LegalFeesSchedule
    Name:
    TOULMIN VIRGINIA B
     
    CHARITABLE FOUNDATION III
    EIN:
    13-7385769
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 111,703 0   0


    TY 2015 OtherAssetsSchedule
    Name:
    TOULMIN VIRGINIA B
     
    CHARITABLE FOUNDATION III
    EIN:
    13-7385769
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INTEREST RECEIVABLE 275,740 212,876 212,876
    CONTRIBUTION RECEIVABLE 214,490 147,367 147,367
    OTHER RECEIVABLE 25,000 0 0


    TY 2015 OtherDecreasesSchedule
    Name:
    TOULMIN VIRGINIA B
     
    CHARITABLE FOUNDATION III
    EIN:
    13-7385769
    Description Amount
    UNREALIZED CHANGE IN FAIR VALUE OF INVESTMENTS 196,351


    TY 2015 OtherIncomeSchedule2
    Name:
    TOULMIN VIRGINIA B
     
    CHARITABLE FOUNDATION III
    EIN:
    13-7385769
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INCOME   170,878  
    CLASS ACTION SETTLEMENTS 33,263 33,263 33,263
    DEFERRED FEDERAL EXCISE TAX 23,226 23,226 23,226


    TY 2015 OtherIncreasesSchedule
    Name:
    TOULMIN VIRGINIA B
     
    CHARITABLE FOUNDATION III
    EIN:
    13-7385769
    Description Amount
    GAIN/LOSS ON CONTRIBUTION RECEIVABLE 12,877


    TY 2015 OtherLiabilitiesSchedule
    Name:
    TOULMIN VIRGINIA B
     
    CHARITABLE FOUNDATION III
    EIN:
    13-7385769
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED FEDERAL EXCISE TAX 349,893 326,667


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    TOULMIN VIRGINIA B
     
    CHARITABLE FOUNDATION III
    EIN:
    13-7385769
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 978,836 978,836   0
    CONSULTANTS 332,772 75,000   287,947


    TY 2015 TaxesSchedule
    Name:
    TOULMIN VIRGINIA B
     
    CHARITABLE FOUNDATION III
    EIN:
    13-7385769
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 36,000 0   0
    OHIO FILING FEE 200 0   0