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 01-01-2015 , and ending 12-31-2015
Name of foundation
THE PHILANTHROPISTS CHARITY
 
Number and street (or P.O. box number if mail is not delivered to street address)181 BEACH 135TH STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BELLE HARBOR, NY11694
A Employer identification number

26-1302901
B Telephone number (see instructions)

(201) 837-9600
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$114,256,861J 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) 1,932,389
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 5,213,532 5,213,532 5,213,532
4 Dividends and interest from securities...      
5a Gross rents............ 644,006 644,006 644,006
b Net rental income or (loss) -423,555
6a Net gain or (loss) from sale of assets not on line 10 13,103,165
b Gross sales price for all assets on line 6a 24,272,819
7 Capital gain net income (from Part IV, line 2)... 13,103,165
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 726,772 726,772 726,772
12 Total. Add lines 1 through 11........ 21,619,864 19,687,475 6,584,310
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 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 19,391 0 0 0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion... Click to see attachment 579,369 579,369 579,369
20 Occupancy.............. 488,192 488,192 488,192 0
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 9,520 0 0 0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,096,472 1,067,561 1,067,561 0
25 Contributions, gifts, grants paid....... 22,225,000 22,225,000
26 Total expenses and disbursements. Add lines 24 and 25 23,321,472 1,067,561 1,067,561 22,225,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,701,608
b Net investment income (if negative, enter -0-) 18,619,914
c Adjusted net income (if negative, enter -0-)... 5,516,749
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............. 4,627,960 14,752,408 14,752,408
2 Savings and temporary cash investments.........      
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) bullet41,661,827
Less: allowance for doubtful accounts bullet0 59,222,408 41,661,827 41,661,827
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).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet18,346,538
Less: accumulated depreciation (attach schedule) bullet1,423,546 16,345,483 Click to see attachment16,922,992 18,346,538
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 48,391,655 Click to see attachment39,496,088 39,496,088
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) 128,587,506 112,833,315 114,256,861
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment17,748,175 Click to see attachment3,695,592
23 Total liabilities (add lines 17 through 22)......... 17,748,175 3,695,592
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 110,839,331 109,137,723
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)..... 110,839,331 109,137,723
31 Total liabilities and net assets/fund balances (see instructions). 128,587,506 112,833,315
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
110,839,331
2
Enter amount from Part I, line 27a .....................
2
-1,701,608
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
109,137,723
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
109,137,723
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 SALE OF 5959 COLLINS P 2010-01-01 2015-11-16
b SALE OF 2806 FOX SQUIRREL DRIVE P 2014-03-18 2015-09-08
c SALE OF VIEW LSP P 2011-05-15 2015-04-20
d LOSS ON INVESTMENT P    
e GAIN - SULLIVAN COUNTY 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 7,500,000 1,049,520 5,962,630 2,586,890
b 85,000 3,217 70,751 17,466
c 15,999,859   6,172,535 9,827,324
d     16,475 -16,475
e 687,960     687,960
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       2,586,890
b       17,466
c       9,827,324
d       -16,475
e       687,960
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 13,103,165
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 -16,475
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 7,174,412 126,818,941 0.056572
2013 6,560,000 126,399,878 0.051899
2012 6,172,000 124,038,291 0.049759
2011 3,500,000 123,185,117 0.028413
2010 0 70,571,539 0.000000
2
Total of line 1, column (d) .....................
20.186643
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
0.037329
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
104,811,734
5
Multiply line 4 by line 3......................
5
3,912,517
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
186,199
7
Add lines 5 and 6........................
7
4,098,716
8
Enter qualifying distributions from Part XII, line 4.............
8
22,225,000
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 1 186,199
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........................... 3 186,199
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- ..... 5 186,199
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a  
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
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 9 186,199
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNY, NJ
    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 ofbulletCO ROTH CO Telephone no.bullet (718) 236-1600

    Located atbullet1428 36TH STREET SUITE 200BROOKLYNNY ZIP+4bullet11218
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    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
    MICHAEL KONIG TRUSTEE
    1.00     		0 0 0
    324 HIALEAH DRIVE
    CHERRY HILL,NJ08002
    TAMMY LIFSHUTZ TRUSTEE
    1.00     		0 0 0
    111 CEDAR AVENUE
    HEWLETT BAY PARK,NY11557
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    0
    b
    Average of monthly cash balances.......................
    1b
    6,903,400
    c
    Fair market value of all other assets (see instructions)................
    1c
    99,504,452
    d
    Total (add lines 1a, b, and c).........................
    1d
    106,407,852
    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
    106,407,852
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,596,118
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    104,811,734
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    5,240,587
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    5,240,587
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    186,199
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    186,199
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    5,054,388
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    5,054,388
    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
    5,054,388
    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
    22,225,000
    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
    22,225,000
    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
    186,199
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    22,038,801
    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 5,054,388
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 4,480,173
    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$ 22,225,000
    a Applied to 2014, but not more than line 2a 4,480,173
    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..... 5,054,388
    e Remaining amount distributed out of corpus 12,690,439
    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 12,690,439
    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 ......     		12,690,439
    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.... 12,690,439
    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).)
    MICHAEL KONIG
    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
    613 TRUST
    181 BEACH 135TH STREET
    ROCKAWAY PARK,NY11694     		NONE TAX EXEMPT TO FURTHER JEWISH CAUSES 16,525,000
    CONGREGATION BNEI SHMUEL GAVRIEL
    1009 WEST M STREET
    HASTINGS,NE68901     		NONE TAX EXEMPT TO FURTHER JEWISH CAUSES 5,500,000
    UNITED INSTITUTIONS OF KARLIN STOLIN
    1436 42ND STREET
    BROOKLYN,NY11219     		NONE TAX EXEMPT TO FURTHER JEWISH CAUSES 100,000
    CONGREGATION AHAVAS TZDOKAH VCHESED
    1347 42ND STREET
    BROOKLYN,NY11219     		NONE TAX EXEMPT TO FURTHER JEWISH CAUSES 100,000
    Total .................................bullet 3a 22,225,000
    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 5,213,532  
    4 Dividends and interest from securities....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 -423,555  
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income.....     14 726,772  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    16 13,103,165  
    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 18,619,914 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    1318,619,914
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2015
    Name of the organization
    THE PHILANTHROPISTS CHARITY
     
    Employer identification number

    26-1302901
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2
    Name of organization
    THE PHILANTHROPISTS CHARITY
          		Employer identification number
    26-1302901
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    MICHAEL KONIG  
    324 HIALEAH DRIVE
     
    CHERRY HILL, NJ08002

    		$ 1,932,389


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 3
    Name of organization
    THE PHILANTHROPISTS CHARITY
          		Employer identification number

    26-1302901
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 4
    Name of organization
    THE PHILANTHROPISTS CHARITY
          		Employer identification number

    26-1302901
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2015 AccountingFeesSchedule
    Name:
    THE PHILANTHROPISTS CHARITY
    EIN:
    26-1302901
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 19,391 0 0 0

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

    TY 2015 DepreciationSchedule
    Name:
    THE PHILANTHROPISTS CHARITY
    EIN:
    26-1302901
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    5959 COLLINS 2010-01-01 4,685,645 900,431 SL 27.500000000000 149,089 149,089 149,089  
    5959 COLLINS - LAND 2010-01-01 780,940   L   0 0 0  
    10295 COLLINS #310-311 2011-05-13 749,460 101,628 SL 27.500000000000 27,250 27,250 27,250  
    10295 COLLINS #310-311 - LAND 2011-05-13 124,910   L   0 0 0  
    10295 #411 2011-03-30 214,265 30,570 SL 27.500000000000 7,791 7,791 7,791  
    10295 #411 - LAND 2011-03-30 35,710   L   0 0 0  
    2754 RIO GRANDE 2011-11-28 58,025 6,638 SL 27.500000000000 2,110 2,110 2,110  
    2754 RIO GRANDE - LAND 2011-11-28 9,670   L   0 0 0  
    10295 COLLINS #410 2011-11-28 443,763 50,762 SL 27.500000000000 16,135 16,135 16,135  
    10295 COLLINS #410 - LAND 2011-11-28 73,960   L   0 0 0  
    SW 134TH TERRACE 2011-06-15 124,361 16,424 SL 27.500000000000 4,522 4,522 4,522  
    SW 134TH TERRACE - LAND 2011-06-15 20,727   L   0 0 0  
    5275 IMAGES 2011-12-01 34,868 3,855 SL 27.500000000000 1,268 1,268 1,268  
    5275 IMAGES - LAND 2011-12-01 5,763   L   0 0 0  
    3032 PARKWAY 2011-08-24 43,713 5,464 SL 27.500000000000 1,589 1,589 1,589  
    3032 PARKWAY - LAND 2011-08-24 7,286   L   0 0 0  
    1125 MAXWELL #701 2012-10-25 1,886,913 151,518 SL 27.500000000000 68,608 68,608 68,608  
    1125 MAXWELL #701 - LAND 2012-10-25 314,486   L   0 0 0  
    2210 GRAND CAYMAN 2012-05-11 36,700 3,503 SL 27.500000000000 1,334 1,334 1,334  
    2210 GRAND CAYMAN - LAND 2012-05-11 6,116   L   0 0 0  
    3020 PARKWAY BLVD 2012-06-27 44,701 4,131 SL 27.500000000000 1,625 1,625 1,625  
    3020 PARKWAY BLVD - LAND 2012-06-27 7,450   L   0 0 0  
    ST. REGIS 2012-02-28 4,623,418 483,215 SL 27.500000000000 168,107 168,107 168,107  
    ST. REGIS - LAND 2012-02-28 770,263   L   0 0 0  
    ST. REGIS - BUILDING IMPROVEMENTS '12 2012-12-31 352,868 26,272 SL 27.500000000000 12,830 12,830 12,830  
    ST. REGIS - BUILDING IMPROVEMENTS '13 2013-06-30 212,286 11,900 SL 27.500000000000 7,719 7,719 7,719  
    13015 2012-12-07 51,871 3,851 SL 27.500000000000 1,886 1,886 1,886  
    13015 - LAND 2012-12-07 8,645   L   0 0 0  
    13016 PLANTATION 2012-12-31 69,623 5,168 SL 27.500000000000 2,531 2,531 2,531  
    13016 PLANTATION - LAND 2012-12-31 11,604   L   0 0 0  
    BERMUDA LAKES 2012-12-11 51,643 3,834 SL 27.500000000000 1,878 1,878 1,878  
    BERMUDA LAKES - LAND 2012-12-11 8,607   L   0 0 0  
    1840 FOXHALL CIRCLE 2012-02-10 46,228 4,623 SL 27.500000000000 1,681 1,681 1,681  
    2336 QUAKER 2012-02-24 98,407 10,288 SL 27.500000000000 3,578 3,578 3,578  
    2336 QUAKER - LAND 2012-02-24 16,401   L   0 0 0  
    3024 PARKWAY BLVD 2012-06-28 37,237 3,442 SL 27.500000000000 1,354 1,354 1,354  
    3024 PARKWAY BLVD - LAND 2012-06-28 6,206   L   0 0 0  
    3081 BLOOMSBURY DRIVE 2012-05-04 81,673 7,796 SL 27.500000000000 2,970 2,970 2,970  
    3081 BLOOMSBURY DRIVE - LAND 2012-05-04 13,612   L   0 0 0  
    BLANCO 2013-04-11 118,412 7,355 SL 27.500000000000 4,305 4,305 4,305  
    BLANCO - LAND 2013-04-11 19,735   L   0 0 0  
    3008 PPARKWAY BLVD #208B 2013-11-08 61,170 2,502 SL 27.500000000000 2,224 2,224 2,224  
    3008 PPARKWAY BLVD #208B - LAND 2013-11-08 10,195   L   0 0 0  
    PARKWAY UNIT 103 2013-11-22 67,203 2,749 SL 27.500000000000 2,444 2,444 2,444  
    PARKWAY UNIT 103 - LAND 2013-11-22 11,201   L   0 0 0  
    3032 PARKWAY #103 2013-06-22 80,978 4,539 SL 27.500000000000 2,944 2,944 2,944  
    3032 PARKWAY #103 - LAND 2013-06-22 13,496   L   0 0 0  
    3830 BOWLINE CIRCLE 2013-05-17 49,687 2,936 SL 27.500000000000 1,807 1,807 1,807  
    3830 BOWLINE CIRCLE - LAND 2013-05-17 8,281   L   0 0 0  
    3831 NAUTICAL WAY #204 2013-09-03 56,454 2,652 SL 27.500000000000 2,053 2,053 2,053  
    3831 NAUTICAL WAY #204 - LAND 2013-09-03 9,409   L   0 0 0  
    3835 NAUTICAL WAY 2013-08-09 52,330 2,617 SL 27.500000000000 1,903 1,903 1,903  
    3835 NAUTICAL WAY - LAND 2013-08-09 8,722   L   0 0 0  
    5279 IMAGES CIRCLE 2013-01-08 33,753 2,403 SL 27.500000000000 1,227 1,227 1,227  
    5279 IMAGES CIRCLE - LAND 2013-01-08 5,625   L   0 0 0  
    ST. REGIS - BUILDING IMPROVEMENTS '14 2014-06-30 153,942 3,033 SL 27.500000000000 5,597 5,597 5,597  
    1008 SPRING MEADOW DRIVE 2014-09-03 35,591 378 SL 27.500000000000 1,294 1,294 1,294  
    1008 SPRING MEADOW DRIVE - LAND 2014-09-03 5,932   L   0 0 0  
    14226 FREDRICKSBURG DRIVE 2014-10-21 117,971 894 SL 27.500000000000 4,289 4,289 4,289  
    14226 FREDRICKSBURG DRIVE - LAND 2014-10-21 19,662   L   0 0 0  
    2727 N. POINCIANA BLVD 2014-10-03 43,112 327 SL 27.500000000000 1,568 1,568 1,568  
    2727 N. POINCIANA BLVD - LAND 2014-10-03 7,185   L   0 0 0  
    13102 MULBERRY PARK 2014-01-31 108,774 3,791 SL 27.500000000000 3,955 3,955 3,955  
    13102 MULBERRY PARK - LAND 2014-01-31 18,129   L   0 0 0  
    13103 MULBERRY PARK #837 2014-01-30 71,501 2,492 SL 27.500000000000 2,600 2,600 2,600  
    13103 MULBERRY PARK #837 - LAND 2014-01-30 11,917   L   0 0 0  
    2314 PRIME CIRCLE 2014-05-09 77,076 1,752 SL 27.500000000000 2,802 2,802 2,802  
    2314 PRIME CIRCLE - LAND 2014-05-09 12,846   L   0 0 0  
    13025 MULBERRY PARK 2014-01-31 113,221 3,946 SL 27.500000000000 4,117 4,117 4,117  
    13025 MULBERRY PARK - LAND 2014-01-31 18,870   L   0 0 0  
    3020 PARKWAY BLVD #104 2014-01-28 62,602 2,182 SL 27.500000000000 2,276 2,276 2,276  
    3020 PARKWAY BLVD #104 - LAND 2014-01-28 10,434   L   0 0 0  
    2806 FOX SQUIRREL DRIVE 2014-03-18 58,987 1,698 SL 27.500000000000 1,519 1,519 1,519  
    2806 FOX SQUIRREL DRIVE - LAND 2014-03-18 9,831   L   0 0 0  
    1035 SPRING MEADOW DRIVE 2014-05-30 51,846 1,178 SL 27.500000000000 1,885 1,885 1,885  
    1035 SPRING MEADOW DRIVE - LAND 2014-05-30 8,641   L   0 0 0  
    13015 PLANTATION PARK #1014 2014-02-28 78,065 2,484 SL 27.500000000000 2,838 2,838 2,838  
    13015 PLANTATION PARK #1014 - LAND 2014-02-28 13,011   L   0 0 0  
    1213 BERMUDA LAKES 2014-04-11 66,675 1,718 SL 27.500000000000 2,424 2,424 2,424  
    1213 BERMUDA LAKES - LAND 2014-04-11 11,113   L   0 0 0  
    13103 MULBERRY PARK #226 2014-01-31 71,877 2,505 SL 27.500000000000 2,613 2,613 2,613  
    13103 MULBERRY PARK #226 - LAND 2014-01-31 11,980   L   0 0 0  
    2831 FOX SQUIRREL DRIVE 2014-03-18 58,240 1,677 SL 27.500000000000 2,118 2,118 2,118  
    2831 FOX SQUIRREL DRIVE - LAND 2014-03-18 9,707   L   0 0 0  
    13013 MULBERRY PARK #221 2014-01-31 108,843 3,793 SL 27.500000000000 3,958 3,958 3,958  
    13013 MULBERRY PARK #221 - LAND 2014-01-31 18,140   L   0 0 0  
    13013 MULBERRY PARK #216 2015-02-23 67,756   SL 27.500000000000 2,156 2,156 2,156  
    13013 MULBERRY PARK #216 - LAND 2015-02-23 11,293   L   0 0 0  
    13025 MULBERRY PARK #314 2015-10-19 109,106   SL 27.500000000000 827 827 827  
    13025 MULBERRY PARK #314 - LAND 2015-10-19 18,184   L   0 0 0  
    14304 FREDERICK DR #418 2015-02-20 92,595   SL 27.500000000000 2,946 2,946 2,946  
    14304 FREDERICK DR #418 - LAND 2015-02-20 15,432   L   0 0 0  
    3202 RIO GRANDE 2015-05-19 70,569   SL 27.500000000000 1,604 1,604 1,604  
    3202 RIO GRANDE - LAND 2015-05-19 11,761   L   0 0 0  
    3004 PARKWAY BLVD 2015-04-29 57,247   SL 27.500000000000 1,475 1,475 1,475  
    3004 PARKWAY BLVD - LAND 2015-04-29 9,541   L   0 0 0  
    13013 MULBERRY, 8300 ELM, 13003 PLANTATION 2015-02-23 586,669   SL 27.500000000000 18,668 18,668 18,668  
    13013 MULBERRY, 8300 ELM, 13003 PLANTATION - LAND 2015-02-23 97,778   L   0 0 0  
    SULLIVAN COUNTY 2015-07-01 2,205,000   NC 0 % 0 0 0  
    HIGHLAND COMMONS 2006-11-22 2,231,871   NC 0 % 0 0 0  
    ST. REGIS - BUILDING IMPROVEMENTS '15 2015-06-30 54,743   SL 27.500000000000 1,078 1,078 1,078  

    TY 2015 InvestmentsLandSchedule2
    Name:
    THE PHILANTHROPISTS CHARITY
    EIN:
    26-1302901
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    10295 COLLINS #310-311 749,460 128,878 620,582  
    10295 COLLINS #310-311 - LAND 124,910 0 124,910  
    10295 #411 214,265 38,361 175,904  
    10295 #411 - LAND 35,710 0 35,710  
    2754 RIO GRANDE 58,025 8,748 49,277  
    2754 RIO GRANDE - LAND 9,670 0 9,670  
    10295 COLLINS #410 443,763 66,897 376,866  
    10295 COLLINS #410 - LAND 73,960 0 73,960  
    SW 134TH TERRACE 124,361 20,946 103,415  
    SW 134TH TERRACE - LAND 20,727 0 20,727  
    5275 IMAGES 34,868 5,123 29,745  
    5275 IMAGES - LAND 5,763 0 5,763  
    3032 PARKWAY 43,713 7,053 36,660  
    3032 PARKWAY - LAND 7,286 0 7,286  
    1125 MAXWELL #701 1,886,913 220,126 1,666,787  
    1125 MAXWELL #701 - LAND 314,486 0 314,486  
    2210 GRAND CAYMAN 36,700 4,837 31,863  
    2210 GRAND CAYMAN - LAND 6,116 0 6,116  
    3020 PARKWAY BLVD 44,701 5,756 38,945  
    3020 PARKWAY BLVD - LAND 7,450 0 7,450  
    ST. REGIS 4,623,418 651,322 3,972,096  
    ST. REGIS - LAND 770,263 0 770,263  
    ST. REGIS - BUILDING IMPROVEMENTS '12 352,868 39,102 313,766  
    ST. REGIS - BUILDING IMPROVEMENTS '13 212,286 19,619 192,667  
    13015 51,871 5,737 46,134  
    13015 - LAND 8,645 0 8,645  
    13016 PLANTATION 69,623 7,699 61,924  
    13016 PLANTATION - LAND 11,604 0 11,604  
    BERMUDA LAKES 51,643 5,712 45,931  
    BERMUDA LAKES - LAND 8,607 0 8,607  
    1840 FOXHALL CIRCLE 46,228 6,304 39,924  
    2336 QUAKER 98,407 13,866 84,541  
    2336 QUAKER - LAND 16,401 0 16,401  
    3024 PARKWAY BLVD 37,237 4,796 32,441  
    3024 PARKWAY BLVD - LAND 6,206 0 6,206  
    3081 BLOOMSBURY DRIVE 81,673 10,766 70,907  
    3081 BLOOMSBURY DRIVE - LAND 13,612 0 13,612  
    BLANCO 118,412 11,660 106,752  
    BLANCO - LAND 19,735 0 19,735  
    3008 PPARKWAY BLVD #208B 61,170 4,726 56,444  
    3008 PPARKWAY BLVD #208B - LAND 10,195 0 10,195  
    PARKWAY UNIT 103 67,203 5,193 62,010  
    PARKWAY UNIT 103 - LAND 11,201 0 11,201  
    3032 PARKWAY #103 80,978 7,483 73,495  
    3032 PARKWAY #103 - LAND 13,496 0 13,496  
    3830 BOWLINE CIRCLE 49,687 4,743 44,944  
    3830 BOWLINE CIRCLE - LAND 8,281 0 8,281  
    3831 NAUTICAL WAY #204 56,454 4,705 51,749  
    3831 NAUTICAL WAY #204 - LAND 9,409 0 9,409  
    3835 NAUTICAL WAY 52,330 4,520 47,810  
    3835 NAUTICAL WAY - LAND 8,722 0 8,722  
    5279 IMAGES CIRCLE 33,753 3,630 30,123  
    5279 IMAGES CIRCLE - LAND 5,625 0 5,625  
    ST. REGIS - BUILDING IMPROVEMENTS '14 153,942 8,630 145,312  
    1008 SPRING MEADOW DRIVE 35,591 1,672 33,919  
    1008 SPRING MEADOW DRIVE - LAND 5,932 0 5,932  
    14226 FREDRICKSBURG DRIVE 117,971 5,183 112,788  
    14226 FREDRICKSBURG DRIVE - LAND 19,662 0 19,662  
    2727 N. POINCIANA BLVD 43,112 1,895 41,217  
    2727 N. POINCIANA BLVD - LAND 7,185 0 7,185  
    13102 MULBERRY PARK 108,774 7,746 101,028  
    13102 MULBERRY PARK - LAND 18,129 0 18,129  
    13103 MULBERRY PARK #837 71,501 5,092 66,409  
    13103 MULBERRY PARK #837 - LAND 11,917 0 11,917  
    2314 PRIME CIRCLE 77,076 4,554 72,522  
    2314 PRIME CIRCLE - LAND 12,846 0 12,846  
    13025 MULBERRY PARK 113,221 8,063 105,158  
    13025 MULBERRY PARK - LAND 18,870 0 18,870  
    3020 PARKWAY BLVD #104 62,602 4,458 58,144  
    3020 PARKWAY BLVD #104 - LAND 10,434 0 10,434  
    1035 SPRING MEADOW DRIVE 51,846 3,063 48,783  
    1035 SPRING MEADOW DRIVE - LAND 8,641 0 8,641  
    13015 PLANTATION PARK #1014 78,065 5,322 72,743  
    13015 PLANTATION PARK #1014 - LAND 13,011 0 13,011  
    1213 BERMUDA LAKES 66,675 4,142 62,533  
    1213 BERMUDA LAKES - LAND 11,113 0 11,113  
    13103 MULBERRY PARK #226 71,877 5,118 66,759  
    13103 MULBERRY PARK #226 - LAND 11,980 0 11,980  
    2831 FOX SQUIRREL DRIVE 58,240 3,795 54,445  
    2831 FOX SQUIRREL DRIVE - LAND 9,707 0 9,707  
    13013 MULBERRY PARK #221 108,843 7,751 101,092  
    13013 MULBERRY PARK #221 - LAND 18,140 0 18,140  
    13013 MULBERRY PARK #216 67,756 2,156 65,600  
    13013 MULBERRY PARK #216 - LAND 11,293 0 11,293  
    13025 MULBERRY PARK #314 109,106 827 108,279  
    13025 MULBERRY PARK #314 - LAND 18,184 0 18,184  
    14304 FREDERICK DR #418 92,595 2,946 89,649  
    14304 FREDERICK DR #418 - LAND 15,432 0 15,432  
    3202 RIO GRANDE 70,569 1,604 68,965  
    3202 RIO GRANDE - LAND 11,761 0 11,761  
    3004 PARKWAY BLVD 57,247 1,475 55,772  
    3004 PARKWAY BLVD - LAND 9,541 0 9,541  
    13013 MULBERRY, 8300 ELM, 13003 PLANTATION 586,669 18,668 568,001  
    13013 MULBERRY, 8300 ELM, 13003 PLANTATION - LAND 97,778 0 97,778  
    SULLIVAN COUNTY 2,205,000 0 2,205,000  
    HIGHLAND COMMONS 2,231,871 0 2,231,871  
    ST. REGIS - BUILDING IMPROVEMENTS '15 54,743 1,078 53,665  

    TY 2015 InvestmentsOtherSchedule2
    Name:
    THE PHILANTHROPISTS CHARITY
    EIN:
    26-1302901
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    INVESTMENT IN HIGHLAND 44 AT COST 1,788,885 1,788,885
    INVESTMENT IN LIFCO AT COST 5,923,014 5,923,014
    INVESTMENT IN LAKEWOOD HIGHGATE AT COST 1,456,965 1,456,965
    INVESTMENT IN VIEW LSP AT COST 0 0
    INVESTMENT IN WF LIBERTY AT COST 11,032,568 11,032,568
    INVESTMENT IN LAWRENCE TUSCANY AT COST 16,588,330 16,588,330
    INVESTMENT IN HOSPITALITY F AT COST 672,587 672,587
    INVESTMENT IN NEW SI WATER AT COST 2,033,739 2,033,739

    TY 2015 OtherExpensesSchedule
    Name:
    THE PHILANTHROPISTS CHARITY
    EIN:
    26-1302901
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FILING FEES 9,520 0 0 0


    TY 2015 OtherIncomeSchedule2
    Name:
    THE PHILANTHROPISTS CHARITY
    EIN:
    26-1302901
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    VIEW LPS 499,641 499,641 499,641
    LAKEWOOD HIGHGATE 75,746 75,746 75,746
    LAWRENCE TUSCANY -23,965 -23,965 -23,965
    LIFCO HOTELS 57,366 57,366 57,366
    HIGHLAND 44 HOLDING 24,834 24,834 24,834
    NEW SI WATER 6,788 6,788 6,788
    WF LIBERTY -12 -12 -12
    LEGAL SETTLEMENT 86,374 86,374 86,374


    TY 2015 OtherLiabilitiesSchedule
    Name:
    THE PHILANTHROPISTS CHARITY
    EIN:
    26-1302901
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED GAIN ON INSTALLMENT SALE 15,683,950 0
    SECURITY DEPOSITS PAYABLE 38,650 9,350
    LOAN PAYABLE 45,525 0
    LIFCO 1,580,050 1,580,050
    DEPOSIT PAYABLE 400,000 400,000
    LAWRENCE TUSCANY 0 1,700,000
    ESCROW PAYABLE 0 6,192