l efile GRAPHIC p rint - DO NOT PROCESS Form I As Filed Data - I DLN: 93491320028556 OMB No 1545-0052 990-PF Return of Private Foundation 2015 or Section 4947(a)(1) Trust Treated as Private Foundation Department of the Treasury Internal Revenue Service ^ Do not enter social security numbers on this form as it may be made public. ^ 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 MERCER FAMILY FOUNDATION A Employer identification number 20-1982204 Number and street (or P 0 box number if mail is not delivered to street address) 119 WEST 72ND STREET 248 BTelephone number (see instructions) City or town, state or province, country, and ZIP or foreign postal code NEW YORK, NY 10069 C If exemption application is pending, check here G Check all that apply P [Initial return [Initial return of a former public charity F-Final return F-A mended return F-Address change F-Name change H Check type of organization ^ P ^ ^ F ^ F 0thertaxable private foundation ] Accounting method IFair market value of all assets at end of year ( from Pa,t II , col (c), Ime 22 , 729,081 D 1. Foreign organizations , check here 2. Foreign organizations meeting the 85% test, check here and attach computation E If private foundation status was terminated under section 507(b)(1)(A), check here [Section 501( c)(3) exempt private foundation Section 4947( a)(1) nonexempt charitable trust ^ [Cash F-Accrual [Other( specify) (Part I, column (d) must be on cash basis Analysis of Revenue and Expenses Revenue and e per expenses (a) books (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts n column (a) (see instructi ons) ) F If the foundation is in a 60-month termination under section 507(b)(1)(B), check here Net investment ncome (b) Adjusted net (c) ncome Disbursements for charitable purposes (d) (cash basis only) Contributions, gifts, grants, etc , received (attach 1 schedule) 2 Check 10, . . . . . . . . . . . . . . . . F_/ ifthe foundation is not required to attach Sch B . . . . . . . . . . . . . 3 Interest on savings and temporary cash investments 4 Dividends and interest from securities 5a b 6a b Gross rents . . . . . . . . . . . . . . . . . . 69,840 69,840 69,840 135,517 135,517 135,517 205,357 205,357 Net rental income or (loss) •^ Net gain or (loss) from sale of assets not on line 10 13,348,449 Gross sales price for all assets on line 6a 13, 348, 449 7 Capital gain net income (from Part IV, line 2) . . . 8 Net short-term capital gain . . . . . . . . . 9 Income modifications . . . . . . . . . . 10a VI. Gross sales less returns and allowances b Less c Gross profit or (loss) (attach schedule) 11 Other income (attach schedule) 12 Cost of goods sold . Total .Add lines 1 through 11 . . . . . . . . . . . . . . . . . . . . 13 Compensation of officers, directors, trustees, etc 14 Other employee salaries and wages . . . . . . 15 Pension plans, employee benefits . . . . . . . 16a Legal fees (attach schedule). . . . . . . . b Accounting fees (attach schedule). . . . . . . c Other professional fees (attach schedule) . . . . X w V c . . 17 Interest 18 Taxes (attach schedule) (see instructions) 19 Depreciation (attach schedule) and depletion . . . 20 Occupancy . . . . . . . 21 Travel, conferences, and meetings. . . . . . . 22 Printing and publications . . . . . . . . 23 Other expenses (attach schedule). . . . . . . 24 Total operating and administrative expenses. . . . . Add lines 13 through 23 . . . . . . . . 13,553,806 •j 9,000 of 5,000 . . . . . . . 14,000 . . . . . . . 24,544,570 25 Contributions, gifts, grants paid 26 Total expenses and disbursements .Add lines 24 and 27 Subtract line 26 from line 12 24,558,570 25 a Excess of revenue over expenses and disbursements b Net investment income (if negative, enter -0-) c Adjusted net income (if negative, enter -0-) For Paperwork Reduction Act Notice , see instructions . 0 0 24,544,570 0 24,544,570 -11,004,764 205,357 . . 205,357 . Cat No 11289X Form 990-PF (2015) Form 990-PF (2015) Pace 2 1 Cash-non-interest-bearing . . . . . . . 2 Savings and temporary cash investments . . . . . . . 3 Accounts receivable ^ . . . . . . Less . . . . Pledges receivable ^ 5 Grants receivable 6 Receivables due from officers, directors, trustees, and other . . . . . . . . disqualified persons (attach schedule) (see instructions). Other notes and loans receivable (attach schedule) ^ N 8 Inventories for sale or use . C) 9 Prepaid expenses and deferred charges 10a (b) Book Value 5,568,789 (c) Fair Market Value 12,302 12,302 28,165,056 04) 22,716,779 22,716,779 33,733,845 22,729,081 22,729,081 . allowance for doubtful accounts ^ . . . . . . . . . . . . . . . . . . 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 ^ 12 Investments-mortgage loans . 13 Investments-other (attach schedule) 14 Land, buildings, and equipment basis ^ 15 Other assets (describe ^ 16 Total assets (to be completed by all filers-see the 17 Accounts payable and accrued expenses . . 18 Grants payable . . . . . . . . . 19 Deferred revenue . . . . . . . . . 20 Loans from officers, directors, trustees, and other disqualified persons Less Less accumulated depreciation (attach . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . accumulated depreciation (attach instructions u1 C? (a) Book Value allowance for doubtful accounts ^ 7 Less End of year allowance for doubtful accounts ^ 4 Less Beginning of year Attached schedules and amounts in the description column should be for end-of-year amounts only (See instructions Balance Sheets Also, see page 1, item I) 21 Mortgages and other notes payable (attach schedule) . 22 Other liabilities (describe ^ . . 23 Total liabilities (add lines 17 through 22) . . . J . . . . Foundations that follow SFAS 117, check here ^ a> C 0 F and complete lines 24 through 26 and lines 30 and 31. 24 Unrestricted 25 Temporarily restricted . . . 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 s 28 Paid-in or capital surplus, or land, bldg , and equipment fund a 29 Retained earnings, accumulated income, endowment, or other funds 33,733,845 22,729,081 30 Total net assets or fund balances (see instructions) 33,733,845 22,729,081 33,733,845 22,729,081 0 Z 31 . . . . . . Total liabilities and net assets / fund balances (see instructions) 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) 2 Enter amount from Part I, line 27a . . . . . . . . . . . . . . . 1 33,733,845 . . . . . . . . . . . . . . . 2 -11,004,764 . . . . . . . . . . . . . . . 4 3 Other increases not included in line 2 (itemize) ^ 4 Add lines 1, 2, and 3 5 Decreases not included in line 2 (itemize) ^ 5 6 Total net assets or fund balances at end of year (line 4 minus line 5)-Part II, column (b), line 30 6 . . . . . . . . 3 22,729,081 22,729,081 Form 990-PF (2015) Form 990-PF (2015) Pa g e 3 Capital Gains and Losses for Tax on Investment Income How acquired Date acquired Date sold P-Purchase (c) (mo , day, yr (d) (mo , day, yr (b) D-Donation List and describe the kind(s) of property sold (e g , real estate, (a) 2-story brick warehouse, or common stock, 200 shs MLC Co la b C d e (e) Gross sales price (f) Depreciation allowed (or allowable) Cost or other basis (g) plus expense of sale Gain or (loss) ( h) (e) plus (f) minus (g) a b C d e Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 Adjusted basis (j) as of 12/31/69 (i) F M V as of 12/31/69 Gains (Col (h) gain minus col (k), but not less than -0-) or Losses (from col (h)) (I) Excess of col (i) (k) over col (j), if any a b C d e If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7 I 2 Capital gain net income or (net capital loss) 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 -0in Part I, line 8 JU^ 2 I 3 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 F_ Yes No 1 Enter the appropriate amount in each column for each year, see instructions before making any entries Base period years Calendar year (or tax year beginning in) Adjusted qualifying distributions 2014 18,298,080 2013 13,487,091 2012 11,669,718 2011 7,095,233 2010 4,032,933 . 2 Totalof line 1, column ( d) . 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 4 Enter the net value of noncharitable-use assets for 2015 from Part X, line 5. 4 5 Multiply line 4 by line 3 . . . . . . . . . . . . . . . Distributtiion ratio (col (b) divided by col (c)) Net value of noncha)ritable-use assets . . . . . . . . . 6 Enter 1% of net investment income (1% of Part I, line 27b). 7 Add lines 5 and 6 . 8 Enter qualifying distributions from Part XII, line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 5 6 2,054 7 2,054 8 24,544,570 If line 8 is equal to or greater than line 7, check the box in Part VI, line lb, and complete that part using a 1% tax rate See the Part VI instructions Form 990-PF (2015) Form 990-PF (2015) Pa g e 4 Excise Tax Based on Investment Income ( Section 4940 ( a), 4940(b), 4940 ( e), or 4948 - see page 18 of the instructions) la Exempt operating foundations described in section 4940(d)(2), check here ^ F and enter"N/A" on line 1 Date of ruling or determination letter (attach copy of letter if necessary - see instructions) Domestic foundations that meet the section 4940(e) requirements in Part V, check b here ^ [and enter 1% of Part I, line 27b c . . . . . . . . . . . . . 1 . . . . All other domestic foundations enter 2% of line 27b Exempt foreign organizations enter 4% of Part I, line 12, col (b) Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0-) Add lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 2,054 . 2 3 2,054 4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0-) 4 5 Tax based on investment income .Subtract line 4 from line 3 If zero or less, enter -0- . 5 2,054 6 Credits/Payments 7 9,756 2015 estimated tax payments and 2014 overpayment credited to 2015 a b Exempt foreign organizations-tax withheld at source . . . . c Tax paid with application for extension of time to file (Form 8868). . . d Backup withholding erroneously withheld . . . . . . . . . . . . . . . . . . . 6a . 4,756 6b 6c . . . 5,000 6d 7 Total credits and payments Add lines 6a through 6d . 8 Enter any penalty for underpayment of estimated tax Check here . . . 9 Tax due .If the total of lines 5 and 8 is more than line 7, enter amount owed . . . . . . F if Form 2220 is attached . . . . . 8 . 9 10 11 Enter the amount of line 10 to be la During the tax year, did the foundation attempt to influence any national, state, or local legislation or did 7,702 . ^ 10 Credited to 2015 estimated tax ^ . ^ Overpayment .If line 7 is more than the total of lines 5 and 8, enter the amount overpaid . Refunded ^ 7,702 11 Statements Regarding Activities it participate or intervene in any political campaign? b . . . . . . . . . . . . . . . Yes . . No la Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions for definition) ? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . lb If the answer is "Yes " to la 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? . d Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year (1) On the foundation e ^ $ . . . . . . . . (2) On foundation managers . . . . . . . . . . . Sc ^ $ Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed on foundation managers 2 . ^ $ Has the foundation engaged in any activities that have not previously been reported to the IRS? . . . . 2 No 3 No 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 4a b 5 . Did the foundation have unrelated business gross income of $1,000 or more during the year?. . . . . . . . 4a If "Yes," has it filed a tax return on Form 990 -T for this year? . . . . . . . . 4b . . . . . . . . . . . Was there a liquidation, termination, dissolution, or substantial contraction during the year? . . . . . . 5 No . . 6 Yes 7 Yes 8b Yes 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? 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 8a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Enter the states to which the foundation reports or with which it is registered (see instructions) lo. 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 . 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 )7 If "Yes," complete Part XIV 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . r9 No 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) Pa g e 5 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) . 12 . . . . . . . . . . . 11 No 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 ) 13 . . . . . . . . . . . . . . . 12 Did the foundation comply with the public inspection requirements for its annual returns and exemption application? 13 No Yes Website address ^ NOT APPLICABLE 14 REBEKAH MERCER The books are in care Telephone no 10- (631) 331-0515 Located at 10, 119 WEST 72ND STREET PO BOX 248 NEW YORK 15 NY ZIP+4 10- 10023 Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 -Check here . and enter the amount of tax-exempt interest received or accrued during the year . 16 . . . . . . ^ . I . . . . ^ F 15 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over Yes a bank, securities, or other financial account in a foreign country? 16 No No See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBA R) If"Yes", enter the name of the foreign 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 la 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? r- Yes No [ Yes No (3) Furnish goods , services , or facilities to (or accept them from) a disqualified person? r- Yes No ( 4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? r- Yes No [ Yes No [ Yes No (2) Borrow money from , lend money to, or otherwise extend credit to (or accept it from) 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 . . . . . . . . Ifany answer is "Yes" to la(1)-(6), did anyofthe 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) ? . Organizations relying on a current notice regarding disaster assistance check here. . . . . . . . . . . . . . . lb . ^ P c Did the foundation engage in a prior year in any of the acts described in la, other than excepted acts, that were not corrected before the first day of the tax year beginning in 2015? . 2 . . . . . . . . . . . . Sc 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 ^ b 20 , 20 , 20 . , . . . . . . . . . . . . . [ Yes No 20_ 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 allyears listed, answer "No" and attach statement-see instructions ) . c ^ 3a . . . . . . . . . . . . 2b 20 , 20_ , 20 , 20 Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? . b . Ifthe provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here . . . . . . . . . . . . . . . . . . . . . . . [ Yes No 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 ) . 4a b . . . . . . . . . . . . . . . . . . . 3b Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? 4a No 4b No 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? For m 990-PF (2015) Form 990-PF (2015) Pa g e 6 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))? [ Yes No F- Yes No p Yes No [ Yes [7 No [ Yes No (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 . . . . . Ifany answer is "Yes" to 5a(1)-(5), did anyofthe transactions fail to qualify under the exceptions described in Regulations section 53 4945 or in a current notice regarding disaster assistance (see instructions )? . Organizations relying on a current notice regarding disaster assistance check here. . . . . . . . . . . . 5b . ^ F 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?. . . . . . . . . . . . [ Yes [ No 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 . . . . . . . . . . . . . . . . . . . . . . [ Yes Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?. . No . . 6b No If "Yes " to 6b, file Form 8870 7a b At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? [ Yes If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? . . No . . 7b Information About Officers , Directors , Trustees, Foundation Managers, Highly Paid Employees, LEMM 1 and Contractors List all officers . directors . trustees. foundation managers and their compensation ( see instructions). (a) Name and address Title, and average hours per week (b) devoted to position REBEKAH MERCER DIRECTOR 240 RIVERSIDE BLVD NEWYORK,NY 10069 25 00 2 (c) Compensation(If not paid, enter -0-) Contributions to employee benefit plans and deferred compensation 0 Expense account, (e) other allowances 0 0 Compensation of five highest-paid emDlovees (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 Title, and average hours per week (b) devoted to position Contributions to employee benefit plans and deferred (d) compensation (c) Compensation Expense account, (e) other allowances NONE Total number of other employees paid over $50,000 . . . . . . . . . . . . . . . . . . . ^ Form 990-PF (2015) Form 990-PF ( 2015) Page 7 Information About Officers , Directors, Trustees , Foundation Managers , Highly Paid Employees, and Contractors (continued) 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. 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 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 N/A 2 All other program - related investments See instructions 3 Total . Add lines 1 through 3 . . . . . . . . . . . . . . . . . . . . . . . . . ^ Form 990-PF (2015) Form 990-PF (2015) Page 8 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 . b Average of monthly cash balances . . . . . . . . . . . . . . . . Fair market value of all other assets (see instructions) . e Reduction claimed for blockage or other factors reported on lines la and lc (attach detailed explanation) . . . . . . . . . . . . 3 Subtract line 2 from line Id . 4 Cash deemed held for charitable activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Acquisition indebtedness applicable to line 1 assets . . . . 2 instructions ) . . . . . Total (add lines la, b, and c ) . . . . . d . . . . c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . la 0 . lb 0 1c 0 . ld 0 . . . le . . . . . . . . . . . . . . . . . . . . . . . . 2 3 0 Enter 1 1/2% of line 3 (for greater amount, see . . 4 0 5 Net value of noncharitable - use assets .Subtract line 4 from line 3 Enter here and on Part V, line 4 . . . . 5 0 6 Minimum investment return .Enter5% of line 5 . 6 0 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here ^ and do not com p lete this p art. ) 1 Minimum investment return from Part X, line 6 . 2a Tax on investment income for 2015 from Part VI, line 5. . . . . . . . . . Income tax for 2015 (This does not include the tax from Part VI ). c Add lines 2a and 2b . . . . . . . . . . . . . . . . . b 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 . . . . 2c . . . . . . Distributable amountas adjusted Subtract line 6 from line 5 Enter here and on Part XIII, line 1. . . . . 7 . . . . Deduction from distributable amount (see instructions) . . . . . 6 . . . . Recoveries of amounts treated as qualifying distributions . . . . . Add lines 3 and 4 . . . . . 5 . . 2,054 4 . . . 2b . . . 2a Distributable amount before adjustments Subtract line 2c from line 1. . . . . 4 . . 2,054 3 5 . . . . . 6 7 0 la 24,544,570 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. b Program-related investments-total from Part IX-B . . . . . . . . . . . . . . . . . . . . . 2 A mounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc , 3 A mounts set aside for specific charitable projects that satisfy the purposes . . . . . . . . . . . . . . . . . . a Suitability test (prior IRS approval required) . b Cash distribution test (attach the required schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 . . 3a . . 3b 4 Qualifying distributions .Add lines la through 3b Enter here and on Part V, line 8, and Part XIII, line 4 5 Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment 6 Adjusted qualifying distributions .Subtract line 5 from line 4 . income Enter 1% of Part I, line 27b (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . lb . . . . . . . . 4 . 24,544,570 5 2,054 6 24,542,516 Note :The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating wheth er the foundation qualifies for the section 4940(e) reduction of tax in those years Form 990-PF (2015) Form 990-PF (2015) Pa g e 9 Undistributed Income (see instructions) (a) Corpus 1 Distributable amount for 2015 from Part XI, line 7 2 a Undistributed income, if any, as of the end of2015 Enter amount for 2014 only. . . . . . . b 3 Total for prior years 20_ , (c) 2014 (d) 2015 0 20_ Excess distributions carryover , if any, to 2015 4,039,000 a From 2010. . . . . b From 2011. . . . . c From 2012. . . . . d From 2013. . . . . . e From 2014. . . . . . f 20_ , (b) Years priorto 2014 7,105,215 . 11,677,197 . 13,492,358 18,300,979 Total of lines 3a through e. . . . . . . 54,614,749 . 4 Qualifying distributions for 2015 from Part XII, line 4 10, 24,544,570 $ a Applied to 2014, but not more than line 2a b Applied to undistributed income of prior years (Election required-see instructions). . . . . c Treated as distributions out of corpus (Election required-see instructions) . . . . . d Applied to 2015 distributable amount. . . . e 5 . 24,544,570 Remaining amount distributed out of corpus Excess distributions carryover applied to 2015 (If an amount appears m column (d), the same amount must be shown in column (a) ) 6 Enter the net total of each column as indicated below: 79,159,319 a Corpus Add lines 3f, 4c, and 4e Subtract line 5 b Prior years' undistributed income Subtract line 4b from line 2b . . . . . . . . . . . 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. . . . . . d Subtract line 6c from line 6b Taxable amount -see instructions . . . . . . . . . . . e Undistributed income for 2014 Subtract line 4a from line 2a Taxable amount-see instructions . . . . . . . . . . . . . f Undistributed income for 2016 Subtract lines 4d and 5 from line 1 This amount must be distributed in 2015 . . . . . . . . . . 0 7 A mounts 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) . . . . . . . 8 Excess distributions carryover from 2010 not applied on line 5 or line 7 (see instructions) . . 9 Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a . . 10 Analysis of line 9 . . . 4,039,000 . a Excess from 2011. . . . 7,105,215 b Excess from 2012. . . . 11,677,197 c Excess from 2013. . . . 13,492,358 d Excess from 2014. . . . e Excess from 2015. 75,120,319 18,300,979 24,544,570 Form 990-PF (2015) Form 990-PF (2015) EMSTM 1a Pa g e 10 Private Operating Foundations (see instructions and Part VII-A, question 9) 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. . . . . ^ b Check box to indicate whether the organization is a private operating foundation described in section 2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed . . . . . . . . . . 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 . . . . . . . . . . Tax year (a) 2015 [ 4942(j)(3) or Prior 3 years (b) 2014 (c) 2013 [ 4942(j)(5) ( e) Total (d) 2012 . . 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 c "Endowment" alternative test- enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed. . . "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 Supplementary Information ( Complete this part only if the organization had $5 , 000 or more in assets at any time during the year-see instructions.) 1 a Information Regarding Foundation Managers: List 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) ) b List 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 2 Information Regarding Contribution, Grant , Gift, Loan , Scholarship, etc., Programs: Check here ^ if the foundation only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds If the foundation makes gifts, grants, etc (see instructions) to individuals or organizations under other conditions, complete items 2a, b, c, and d a The name, address, and telephone number or email address of the person to whom applications should be addressed b The form in which applications should be submitted and information and materials they should include c Any submission deadlines d Any 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) Pa g e 11 Supplementary Information (continued) 3 Grants and Contributions Paid During the Year or Approved for Future Payment If recipient is an individual, show any relationship to any foundation manager or substantial contributor Recipient Name and address (home or business) a Foundation status o f recipient Purpose of grant or contribution A mount Paid during the year See Additional Data Table Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10, 3a . . . . . . . . . . . . . . . . . . . . . . . . . 111P, 3b 24,544,570 b Approved for future payment Total . . . . . . . ^ Form 990-PF (2015) Form 990-PF (2015) Pa g e 12 Analysis of Income-Producing Activities E me gross amounts unless otherwise indicated Excluded by section 512, 513, or 514 Unrelated b usiness income (a) Business code 1 P1 ogram service revenue (d ) (c) Exclusion code (b) Amount Amount (e) Related or exempt function income (See instructions a b c d e f 9 Fees and contracts from government agencies . 2r embership dues and assessments. . . 3 ] nterest on savings and temporary cash nvestments . . . . . . . . . . . 4 C ividends and interest from securities. . sr et rental income or (loss) from real estate a Debt-financed property. . . . b Not debt-financed property. . . . . . . . 69,840 135,517 . . . 6 r et rental income or (loss) from personal roperty . . . . . . . . . . . . 7 C ther investment income. . . . 8 ( ain or (loss) from sales of assets other than nventory . . . . . . . . . . . . . 13,348,449 9 et income or (loss) from special events 10 C ross profit or (loss) from sales of inventory 11 0 ther revenue a b c d e 12 S ubtotal Add columns (b), (d), and (e ). 13 Total .Add line 12, columns (b), (d), and ( e). . See worksheet in line 13 instructions to verif 13,553,806 . . . . . calculations . . . . . . . . . . . 13 13 ,553,806 Relationship of Activities to the Accomplishment of Exempt Purposes Line No . 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 i nstructions ) Form 990-PF (2015) Form 990-PF (2015) Pa g e 13 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 Yes No organizations? a Transfers from the reporting foundation to a noncharitable exempt organization of (1) Cash . . . (2) O they assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . la(1) No la(2) No lb(1) No lb(2) No lb(3) No lb(4) No lb(5) No lb(6) No 1c No b Other transactions (1) Sales of assets to a noncharitable exempt organization . . . . (2) Purchases of assets from a noncharitable exempt organization . (3) Rental of facilities, equipment, or other assets . (4) Reimbursement arrangements . (5) Loans or loan guarantees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (6)Performance of services or membership or fundraising solicitations . . . . . . . . c Sharing of facilities, equipment, mailing lists, other assets, or paid employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 I (b) Amount involved I (c) Name of noncharitable exempt organization I (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?. . . . . . . . . . . EYes F.-/ N o b If "Yes ," complete the following schedule (a) Name of organization (b) Type of organization (c) Description of relationship 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 information of which preparer has any knowledge Sign Here ****** 2016- Signature of officer or trustee Print/Type preparer's name Date Preparer's Signature JACQUELYN JAMES VARGA ralu Preparer Use Only Firm's name ^ GOLUB LACAPRA WILSON & DETIBERIIS LLP Firm ' s address ^ 2 ROOSEVELT AVE PRT JEFF STA, NY 117763337 Declaration of preparer (other than taxpayer) is based on all Form 990PF Part XV Line 3 - Grants and Contributions Paid During the Year or Approved for Future Payment Recipient Name and address (home or business) a 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 Paid during the year THE HEARTLAND INSTITUE 19 SO LASALLE STE 903 CHICAGO,IL 60603 NON PROFIT DONATION 100,000 MUSEUM OF NATURAL HISTORY CPW 79TH STREET NEWYORK,NY 10024 NON PROFIT DONATION 575,000 MEDIA RESERACH CENTER 1900 CAMPUS COMMONS DRIVE RESTON,VA 20191 NON PROFIT DONATION 3,000,000 THE GEORGE W BUSH FOUND PO BOX 600610 DALLAS,TX 75360 NON PROFIT DONATION 5,000,000 THE STONY BROOK FOUNDATION 230 ADMINISTRATION STONY BROOK UNIVERSITY STONY BROOK,NY 11794 NON PROFIT DONATION 2,099,970 THE BARRY GOLDWATER INSTITUTE FOR PUBLIC POLICY 500 E CORONADO ROAD PHOENIX,AZ 85004 NON PROFIT DONATION 300,000 THE WORLD SCIENCE FESTIVAL 475 RIVERSIDE DRIVE SUITE 950 NEWYORK,NY 10115 NON PROFIT DONATION 100,000 MANHATTAN INST FOR POLICY RESEARCH 52 VANDERBILT AVENUE SUITE 201 NEWYORK,NY 10017 NON PROFIT DONATION 300,000 CITIZENS UNITED FOUNDATION 1006 PENNSYLVANIA AVE SE WASHINGTON,DC 20003 NON PROFIT DONATION 250,000 FOUNDATION FOR CULTURAL REVIEWING THE NEW CRITERION 900 BROADWAY SUITE 602 NEWYORK,NY 10003 NON PROFIT DONATION 100,000 ENCOUNTER FOR CULTURE AND EDUCATION 900 BROADWAY SUITE 601 NEWYORK,NY 10003 NON PROFIT DONATION 25,000 CHERISH FREEDOM FOUNDATION 1006 CAMERON STREET ALEXANDRA,VA 22314 NON PROFIT DONATION 250,000 THE BECKET FUND 1200 NEW HAMPSHIRE AVE NW SUITE 700 WASHINGTON,DC 20036 NON PROFIT DONATION 250,000 REASON FOUNDATION 5737 MESMER AVENUE LOS ANGELES,CA 90230 NON PROFIT DONATION 50,000 HERITAGE FOUNDATION 214 MASS AVE NW WASHINGTON,DC 20002 NON PROFIT DONATION 500,000 Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ^ 3a 24 ,544,570 Form 990PF Part XV Line 3 - Grants and Contributions Paid During the Year or Approved for Future Payment Recipient Name and address (home or business) a 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 Paid during the year MOVING PICTURES INSTITUTE 575 GREENWICH STREET NEWYORK,NY 10013 NON PROFIT DONATION 500,000 THE CALVIN COOLIDGE FOUNDATION 3780 VERMONT 100A PLYMOUTH,VT 05056 NON PROFIT DONATION 273,000 EMPIRE CENTER FOR PUBLIC POLICY 100 STATE STREET SUITE 600 ALBANY,NY 12201 NON PROFIT DONATION 100,000 LAW ENFORCEMENT EDUCATION FUND 667 EAST BIG BEAVER ROAD SUITE 205 TROY, MI 48083 NON PROFIT DONATION 231,600 OISM PO BOX 1279 CAVE JUNCTION,OR NON PROFIT DONATION 200,000 GOVERNMENT ACCOUNTABILITY INSTITUTE TALLAHASSE TALLAHASSEE,FL 32301 NON PROFIT DONATION 1,735,000 THE FEDERALIST SOCIETY 1015 18TH STREET NW SUITE 425 WASHINGTON,DC 20036 NON PROFIT DONATION 2,300,000 NATIONAL YOUTH SCIENCE FUND PO BOX 3387 CHARLESTON,WV 25333 NON PROFIT DONATION 100,000 FAMILIES FOR EXCELLENT SCHOOLS 80 PINE STREET 32ND FLOOR NEWYORK,NY 10005 NON PROFIT DONATION 250,000 CLASSROOM INC 245 5TH AVENUE NEWYORK,NY 10037 NON PROFIT DONATION 40,000 BERKELY EARTH 2831 GARBER STREET BERKELEY,CA 94705 NON PROFIT DONATION 250,000 TEXAS FREEDOM NETWORK AUSTIN AUSTIN,TX 73301 NON PROFIT DONATION 5,000 THE PHILANTHROPY ROUNDTABLE 1730 M STREET NW WASHINGTON,DC 20036 NON PROFIT DONATION 260,000 YOUNG AMERICA'S FOUNDATION 11480 COMMERCE PARK DRIVE SUITE 600 RESTON,VA 201911556 NON PROFIT DONATION 1,100,000 CATO INSTITUTE 100 MASSACHUSETTS AVE NW WASHINGTON,DC 20001 NON PROFIT DONATION 300,000 Total . . . . . 97523 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ^ 3a 24 ,544,570 Form 990PF Part XV Line 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 Name and address (home or business) a Foundation status of recipient Purpose of grant or contribution A mount Paid during the year KING'S COLLEGE 56 BROADWAY NEWYORK,NY 10004 NON PROFIT DONATION 300,000 SUCESS ACADEMY CHARTER SCHOOLS 95 PINE STREET NEWYORK,NY 10005 NON PROFIT DONATION 500,000 GATESTONE INSTITUTE 750 3RD AVENUE NEWYORK,NY 100172703 NON PROFIT DONATION 100,000 RECLAIM NEW YORK 1211 AVE OF THE AMERICAS SUITE 2703 NEWYORK,NY 10036 NON PROFIT DONATION 1,250,000 AMERICAN PRINCIPLES PROJECT 1130 CONNECTICUT AVE NW SUITE 425 WASHINGTON,DC 20036 NON PROFIT DONATION 250,000 WILDLIFE CONSERVATION SOCIETY 2300 SOUTHERN BLVD BRONX,NY 10460 NON PROFIT DONATION 25,000 WILLIAM F BUCKLEY JR PROGRAM 234 CHURCH STREET 7TH FLOOR NEW HAVEN,CT 06510 NON PROFIT DONATION 10,000 COLD SPRING HARBOR LAB ONE BUNGTOWN ROAD COLD SPRING HARBOR,NY 11724 NON PROFIT DONATION 250,000 AMERICAN TRANSPARENCY 200 S FRONTAGE ROAD BURR RIDGE,IL 60527 NON PROFIT DONATION 250,000 ACU FOUNDTION 1331 H STREET SUITE 500 WASHINGTON, DC 20005 NON PROFIT DONATION 120,000 SUSAN B ANTHONY EDUCATION FUND 1200 NEW HAMPSHIRE AVE NW WASHINGTON,DC 20036 NON PROFIT DONATION 300,000 CENTER FOR UNION FACTS 1090 VERMONT AVE NW SUITE 800 WASHINGTON, DC 200054961 NON PROFIT DONATION 500,000 INTER'L CTR FOR PRESV WILD ANIMALS THE WILDS 14000 INTERNATIONAL ROAD CUMBERLAND,OH 43732 NON PROFIT DONATION 50,000 CLARE BOOTHE LUCE POLICY INSTITUTE 112 ELDEN STREET SUITE P HERNDON,VA 20170 NON PROFIT DONTION 25,000 THE FUND FOR AMERICAN STUDIES 1706 NEW HAMPSHIRE AVE NW WASHINGTON,DC 20009 NON PROFIT DONATION 10,000 Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ^ 3a 24 ,544,570 Form 990PF Part XV Line 3 - Grants and Contributions Paid During the Year or Approved for Future Payment Recipient Name and address (home or business) a 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 Paid during the year AMERICA EDUCATIONAL FOUNDATION INC 2323 CLEAR LAKE CITY BLVD SUITE 180-190 HOUSTON,TX 77062 NON PROFIT DONATION 50,000 MASSACHUSETTS GENERAL CANCER CENTER 125 NASHUA STREET SUITE 540 BOSTON,MA 02114 NON PROFIT DONATION 10,000 Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ^ 3a 24,544,570 l efile GRAPHIC p rint - DO NOT PROCESS I As Filed Data - I DLN: 93491320028556 TY 2015 Accounting Fees Schedule Name : MERCER FAMILY FOUNDATION EIN: 20 -1982204 Category INDIRECT ACCOUNTING FEES Amount Net Investment Income 9,000 Adjusted Net Income Disbursements for Charitable Purposes lefile GRAPHIC p rint - DO NOT PROCESS I As Filed Data - I DLN: 93491320028556 Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing. TY 2015 Gain/ Loss from Sale of Other Assets Schedule Name : MERCER FAMILY FOUNDATION EIN: 20 -1982204 Name MEDALLION INVESTMENTS Date Acquired How Acquired Date Sold 2015-01 PURCHASE 2015-12 Purchaser Name Gross Sales Price 13,348,449 Basis Basis Method Sales Expenses Total (net) 13,348,449 Accumulated Depreciation l efile GRAPHIC p rint - DO NOT PROCESS I As Filed Data - I DLN: 93491320028556 TY 2015 Investments Corporate Stock Schedule Name : MERCER FAMILY FOUNDATION EIN: 20 -1982204 Name of Stock MEDALLION INVESTMENTS End of Year Book Value 22,716,779 End of Year Fair Market Value 22,716,779 l efile GRAPHIC p rint - DO NOT PROCESS I As Filed Data - I DLN: 93491320028556 TY 2015 Taxes Schedule Name : MERCER FAMILY FOUNDATION EIN: 20 -1982204 Category FEDERAL EXCISE TAX Amount 5,000 Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes