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2015 Do Not Enter Social Security Numbers on This Form As It May Be Made Public

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2015 Do Not Enter Social Security Numbers on This Form As It May Be Made Public l efile GRAPHIC p rint - DO NOT PROCESS I As Filed Data - I DLN: 93491320010446 OMB No 1545-0052 Form 990-PF Return of Private Foundation or Section 4947( a)(1) Trust Treated as Private Foundation 2015 Do not enter social security numbers on this form as it may be made public. Department of the Treasury ► ► Information about Form 990 - PF and its instructions is at www .irs.gov/form99OPf . • • ' Internal Revenue Service For calendar year 2015 , or tax year beginning 01-01 - 2015 , and ending 12-31-2015 Name of foundation A Employer identification number FELBURN FOUNDATION 51-0234331 Number and street (or P 0 box number if mail is not delivered to street address) BTelephone number (see instructions) C/O R PHILIPSON CO 8601 GA AVE 1001 (301) 608-3900 City or town, state or province, country, and ZIP or foreign postal code C If exemption application is pending, check here ► SILVER SPRING, MD 20910 P G Check all that apply [Initial return [Initial return former public charity of a D 1. Foreign organizations , check here ► F-Final return F-A mended return P F-Address change F-Name change 2. Foreign organizations meeting the 85% test, check here and attach computation ► E If private foundation status was terminated H Check type of organization [Section 501( c)(3) exempt private foundation under section 507(b)(1)(A), check here ► F Section 4947( a)(1) nonexempt charitable trust Other taxable private foundation IFair market value of all assets at end ] Accounting method [Cash F-Accrual F If the foundation is in a 60-month termination of year (from Pa,t II, col (c), [Other( specify) under section 507(b)(1)(B), check here ► F Ime 39 , 445,821 (Part I, column (d) must be on cash basis Disbursements Analysis of Revenue and Expenses Revenue and (The total of amounts in columns (b), (c), and (d) may not Net investment Adjusted net for charitable expensese per equal the amounts n column (a) (see (b) ncome (c) ncome purposes necessarily (a) books instructions) ) (d) (cash basis only) 1 Contributions, gifts, grants, etc , received (attach schedule) . 2 Check ► W/ if the foundation is not required to attach Sch B . 3 Interest on savings and temporary cash investments 1,044 1,044 4 Dividends and interest from securities . 838,137 835,297 5a Gross rents . b Net rental income or (loss) 6a Net gain or (loss) from sale of assets not on line 10 676,511 b Gross sales price for all assets on line 6a 4,225,371 7 Capital gain net income (from Part IV, line 2) . 676,511 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) . 6,946 6,946 12 Total .Add lines 1 through 11 . 1,522,638 1,519,798 13 Compensation of officers, directors, trustees, etc 168,000 42,000 126,000 14 Other employee salaries and wages . 30,000 3,000 27,000 VI. 15 Pension plans, employee benefits . 16a Legal fees (attach schedule). •^ 512 0 512 b Accounting fees (attach schedule). •^ 53,450 26,725 26,725 X w c Other professional fees (attach schedule) . 209,599 208,718 0 V 17 Interest . 439 439 0 ^ 18 Taxes (attach schedule) (see instructions) of 54,532 9,143 4,299 19 Depreciation (attach schedule) and depletion . •^ 739 0 20 Occupancy . 14,981 0 11,236 21 Travel, conferences, and meetings. 11,581 568 11,013 22 Printing and publications . C 23 Other expenses (attach schedule). 60,873 19,718 41,155 24 Total operating and administrative expenses. Add lines 13 through 23 . 604,706 310,311 247,940 25 Contributions, gifts, grants paid . 994,134 994,134 26 Total expenses and disbursements .Add lines 24 and 25 1,598,840 310,311 1,242,074 27 Subtract line 26 from line 12 a Excess of revenue over expenses and disbursements -76,202 Net investment income (if negative, enter -0-) 1,209,4871 b 1 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) Pace 2 Attached schedules and amounts in the description column Beginning of year End of year Balance Sheets should be for end-of-year amounts only (See instructions (a) Book Value (b) Book Value (c) Fair Market Value 1 Cash-non-interest-bearing . 37,403 132,400 132,400 2 Savings and temporary cash investments . 2,272,038 2,214,633 2,214,633 3 Accounts receivable ► Less allowance for doubtful accounts ► 4 Pledges receivable ► Less allowance for doubtful accounts ► 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) ► Less allowance for doubtful accounts ► N 8 Inventories for sale or use . C) 9 Prepaid expenses and deferred charges . 10a Investments-U S and state government obligations (attach schedule) b Investments-corporate stock (attach schedule) . 3,864,859 04) 4,031,310 4,630,929 c Investments-corporate bonds (attach schedule) . 1,776,754 04) 1,655,631 1,726,505 11 Investments-land, buildings, and equipment basis ► Less accumulated depreciation (attach 12 Investments-mortgage loans . 13 Investments-other (attach schedule) . 28,742,070 28,594,156 29,126,470 1,611,299 14 Land, buildings, and equipment basis ► Less accumulated depreciation (attach 19,409 1,597,629 ^J 1,591,890 1,591,890 ) ^J 31,574 22,994 22,994 15 Other assets (describe ► 16 Total assets (to be completed by all filers-see the instructions Also, see page 1, item I) 38,322,327 38,243,014 39,445,821 17 Accounts payable and accrued expenses . 18 Grants payable . u1 C? 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 10, ) 411 541 23 Total liabilities (add lines 17 through 22) . 411 541 Foundations that follow SFAS 117, check here ► F a> and complete lines 24 through 26 and lines 30 and 31. 24 Unrestricted . Temporarily restricted C 25 26 Permanently restricted . LL_ Foundations that do not follow SFAS 117, check here ► 0 and complete lines 27 through 31. 27 Capital stock, trust principal, or current funds . 0 0 s 28 Paid-in or capital surplus, or land, bldg , and equipment fund 0 0 a 29 Retained earnings, accumulated income, endowment, or other funds 38,321,916 38,242,473 0 30 Total net assets or fund balances(see instructions) . 38,321,916 38,242,473 Z 31 Total liabilities and net assets / fund balances (see instructions) 38,322,327 38,243,014 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 38,321,916 2 Enter amount from Part I, line 27a . 2 -76,202 3 3 0 Other increases not included in line 2 (itemize) ► 4 Add lines 1, 2, and 3 . 4 38,245,714 5 5 3,241 Decreases not included in line 2 (itemize) ► Ij 6 Total net assets or fund balances at end of year (line 4 minus line 5)-Part II, column (b), line 30 6 38,242,473 Form 990-PF (2015) Form 990-PF (2015) Pa g e 3 Capital Gains and Losses for Tax on Investment Income How acquired List and describe the kind(s) of property sold (e g , real estate, Date acquired Date sold P-Purchase (a) 2-story brick warehouse, or common stock, 200 shs M LC Co (c) (mo , day, yr (d) (mo , day, yr (b) D-Donation la See Additional Data Table b C d e Depreciation allowed Cost or other basis Gain or (loss) (e) Gross sales price (f) (or allowable) (g) plus expense of sale (h) (e) plus (f) minus (g) a See Additional Data Table b C d e Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 Gains (Col (h) gain minus Adjusted basis Excess ofcol (i) col (k), but not less than -0-) or (i) F M V as of 12/31/69 (j) as of 12/31/69 (k) over col (j), if any (I) Losses (from col (h)) a See Additional Data Table b C d e If gain, also enter in Part I, line 7 2 Capital gain net income or (net capital loss) } If (loss), enter -0- in Part I, line 7 I 2 676,511 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 I 3 JU^ 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? F_ Yes No 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 Base period years Calendar Distributtiion ratio Adjusted qualifying distributions Net value of noncha)ritable-use assets year (or tax year beginning in) (col (b) divided by col (c)) 2014 1,373,613 38,798,745 0 035404 2013 1,154,714 37,605,896 0 030706 2012 1,479,679 36,479,375 0 040562 2011 1,959,325 36,657,505 0 053449 2010 3,338,456 37,663,671 0 088639 2 Totalof line 1, column (d) .
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