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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: 93491320020596 OMB No 1545-0052 Form 990-PF Return of Private Foundation or Section 4947 ( a)(1) Trust Treated as Private Foundation Department of the Treasury 2015 Do not enter social security numbers on this form as it may be made public. Internal Revenue Service ► ► Information about Form 990- PF and its instructions is at www. irs.gov /form99Opf . • • ' For calendar year 2015 , or tax year beginning 01-01 - 2015 , and ending 12-31-2015 Name of foundation A Employer identification number Greenacre Foundation 13-2621502 LAWRENCE RAPOPORT Number and street ( or P 0 box number if mail is not delivered to street address) BTelephone number (see instructions) RTC NA PO BOX 5016 (212) 549-5360 City or town, state or province, country, and ZIP or foreign postal code C If exemption application is pending, check here ► New York, NY 101855016 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 0thertaxable 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 line 16 36,703, 879 (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) . 70,000 2 Check 10, [ if the foundation is not required to attach Sch B . 3 Interest on savings and temporary cash investments 4 Dividends and interest from securities . 672,882 672,882 672,882 5a Gross rents . b Net rental income or (loss) 6a Net gain or (loss) from sale of assets not on line 10 1,890,475 b Gross sales price for all assets on line 6a 15,471,605 7 Capital gain net income (from Part IV, line 2) . 1,890,475 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) . 155,822 155,822 -26,126 12 Total .Add lines 1 through 11 . 2,789,179 2,719,179 646,756 13 Compensation of officers, directors, trustees, etc 58,312 58,312 14 Other employee salaries and wages . VI. 15 Pension plans, employee benefits . 16a Legal fees (attach schedule). • J 11,800 0 0 11,800 b Accounting fees (attach schedule). • J 113,700 56,850 56,850 56,850 X w c Other professional fees (attach schedule) . IJ 219,376 219,376 219,376 V 17 Interest 18 Taxes (attach schedule) (see instructions) of 65 ,250 65,250 19 Depreciation (attach schedule) and depletion . •^ 40,558 20 Occupancy . 3,731 3,731 21 Travel, conferences, and meetings. 22 Printing and publications . C 23 Other expenses (attach schedule). 1,076,810 1,076,810 24 Total operating and administrative expenses. Add lines 13 through 23 . 1,589,537 276,226 276,226 1,272,753 25 Contributions, gifts, grants paid . 57,330 57,330 26 Total expenses and disbursements .Add lines 24 and 25 1,646,867 276,226 276,226 1,330,083 27 Subtract line 26 from line 12 a Excess of revenue over expenses and disbursements 1,142,312 b Net investment income (if negative, enter -0-) 2,442,953 c Adjusted net income (if negative, enter -0-) . 370,530 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 . 23,200 23,022 23,022 2 Savings and temporary cash investments . 2,253,825 952,784 952,784 56,723 3 Accounts receivable ► 5,000 56,723 56,723 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 1,664,791 J 1,115,942 1,118,593 schedule) b Investments-corporate stock (attach schedule) . 13,821,336 04) 13,346,606 17,658,174 c Investments-corporate bonds (attach schedule) . 9,185,798 04) 12,267,850 12,046,242 11 Investments-land, buildings, and equipment basis ► Less accumulated depreciation (attach 12 Investments-mortgage loans . 13 Investments-other (attach schedule) . 553,529 Gil 809,266 2,878,399 3,430,034 14 Land, buildings, and equipment basis ► Less accumulated depreciation (attach 1,460,092 2,010,500 1,969,942 1,969,942 15 Other assets (describe 10, 16 Total assets (to be completed by all filers-see the instructions Also, see page 1, item I) 29,517,979 30,542,135 36,703,879 17 Accounts payable and accrued expenses . 133,483 15,398 18 Grants payable . u1 Q 19 Deferred revenue . 20 Loans from officers, directors, trustees, and other disqualified persons 21 Mortgages and other notes payable (attach schedule) . J 22 Other liabilities (describe ► 23 Total liabilities (add lines 17 through 22) . 133,483 15,398 Foundations that follow SFAS 117, check here ► W, a> and complete lines 24 through 26 and lines 30 and 31. 24 U nrestricted . 38,207,795 36,688,481 Temporarily restricted C 25 26 Permanently restricted . LL_ Foundations that do not follow SFAS 117, check here ► F- 0 and complete lines 27 through 31. 27 Capital stock, trust principal, or current funds . s 28 Paid-in or capital surplus, or land, bldg , and equipment fund a 29 Retained earnings, accumulated income, endowment, or other funds 0 30 Total net assets or fund balances(see instructions) . 38,207,795 36,688,481 Z 31 Total liabilities and net assets / fund balances (see instructions) 38,341,278 36,703,879 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 38,207,795 2 Enter amount from Part I, line 27a . 2 1,142,312 3 3 Other increases not included in line 2 (itemize) ► 4 Add lines 1, 2, and 3 . 4 39,350,107 5 5 2,661,626 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 36,688,481 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 1,890,475 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 -194,652 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 1,296,794 35,484,831 0 036545 2013 1,265,014 32,194,667 0 039293 2012 1,235,417 29,148,101 0 042384 2011 1,258,949 29,053,146 0 043333 2010 1,222,219 27,256,164 0 044842 2 Totalof line 1, column (d) .
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