Extended to November 15, Form 2017 Return of Private Foundation 990 -PF 1 OMB No or Section 4947(a)(1) Trust Treated as Private Foundation I Do not enter social security numbers on this form as it may be made public. ^ Information about Form 990-PF and its separate instructions is at www.lrs. ov//orm990pf. Department of the Treasury Internal Revenue Service For calendar year 2016 or tax year beginning M A Employer identification number FOTINDATION Room/suite Number and street (or P O box number if mail is not delivered to street address ) 116 VILLAGE BLVD NJ 13-6068340 B Telephone number 1 200 609-951-2283 City or town, state or province, country, and ZIP or foreign postal code PRINCETON , 2016 en o u Nc I ns ec ion , and ending Name of foundation .1 1545-0052 C If exemption application is pending , check here 08540 G Check all that apply: Initial return El Initial return of a former public charity Final return 0 Amended return 0 Address chan g e 0 Name chan g e ® Section 501(c)(3) exempt private foundation H Check type of organization: = Section 4947 ( a )( 1 ) nonexem p t charitable trust [l Other taxable p rivate foundation 0 Cash ® Accrual I Fair market value of all assets at end of year J Accounting method: (from Part ll, col (c), line 16) [] Other (specify) 10. $ 24 , 963 , 79 1 . (Part 1, column (d) must be on cash basis) Part I Analysis of Revenue and Expenses (a) Revenue and (b ) Net investment (rhe total of amounts in columns (b) (c), and (d) may not ex p enses p er books income necessarily equal the amounts in column ( a)) 1 Contributions, gifts, grants, etc., received 2 Check ^ ® It the foundation is not required to attach Sch B 3 Interest on savings and temporary cash investments D 1. Foreign organizations, check here 2 Foreign organ ization s meeting the 85% test, check here and d attach computation E If private foundation status was terminated under section 507(b)(1)(A), check here ^ F If the foundation is in a 60-month termination under section 507(b)(1)(B), check here ( d) Disbursements (c) Adjusted net income for charitable purposes (cash basis only) N/A 391 , 788. 4 Dividends and interest from securities 5a Gross rents 382 , 145. S tatement 1 b Net rental income or (loss) 7 C dl 6a Net gain or (loss ) from sale of assets not on line 10 Gross sales price for all 1 , 280 , 462. 4,545,332. b assets on line Ba 7 Capital gain net income (from Part IV, line 2) 8 9 Net short-term capital gam Income modifications 1 , 280 , 462. 1 Kt(.; N Gross sales less returns 1 0a and allowances dd--E N UT D c Gross profit or (loss) 11 Other income 12 Total Add lines 1 throu g h 11 258 , 051. 2 3 4 145 , 136 . 427. 21 , 103. 293 , 081. 21 , 771 . 0. 17 , 176. 293 , 081 . 123 , 366 . 427. 3 , 927. 0. $tmt $ 10 , 000. 0. 0. , ,,, ,,,,, 27 , 063. 4 , 059. 23 , 004. ,, 29 , 122. 1 , 110. 28 , 012. 14 15 Other employee salaries and wages Pension plans, employee benefits Stmt Stmt Stmt Interest 18 Taxes •L4 19 E 1 , 662 , 607. 45 , 539 . Compensation of officers , directors, trustees , etc 17 Depreciation and depletion 20 Occupancy ,,,,,,,,, ,,,,,,. ,,,, a 21 Travel, conferences , and meetings c 22 Printing and publications 23 Other expenses III T 1 , 672 , 250. 303 , 590 . 13 16a Legal fees b Accounting fees CL X c Other professional fees c4J^ ZU11 III _J a: (fl b Less Cost of goods sold W 01 -218 , 982. -12 , 743. -264 , 911. 24 Total operating and administrative expenses Add lines 13 through 23 CL Stmt 6 610 , 540. 369 , 993. 171 , 876. 0 25 Contributions, gifts, grants paid 721 , 200. 26 Total expenses and disbursements. Add lines 24 and 25 27 Subtract line 26 from line 12: a Excess of revenue over expenses and disbursements 1 331 740. 771 . 200. 340 , 510. 1 , 292 , 614. 1 b Net investment income (if negative, enter -0-) c Adjusted net income (if negative , enter -0-) 623501 11 -23-1e LHA For Paperwork Reduction Act Notice , see instructions . 09011116 788682 1160 943 076. 369 993. 1 2016.04000 J M FOUNDATION N/A Form 990-PF (2016) Zg 1160 1t^ t I Fnrm QQn-PF /9fl I t par{ l l 1 2 .T M Balance Sheets 1"-A -tin 4 A-A A n FOUNDATION Beginning of year Attached schedules and amounts in the description column houldbeionend-ol -year amounts only (a) Book Val ue N Other notes and loans receivable 51 , 147. 1 , 223 , 715. 28 , 794. 28 , 794. 28 , 794. 12 , 491 , 638. 1 , 802 , 106. 13 , 837 , 605. 1 , 879 , 537. 13 , 837 , 605. 1 , 879 , 537. 8 , 205 , 298. 7 , 382 , 729. 7 , 382 , 729. 632 290. 560 264. 560 264. 24 . 109 881. 12 , 845. 24 , 963 , 791. 13 , 095. 24 , 963 , 791. 28 , 794. ^ Less: allowance for doubtful accounts ^ 8 Inventories for sale or use 9 Prepaid expenses and deferred charges 10a Investments - U.S. and state government obligations b Investments - corporate stock c Investments - corporate bonds 11 12 Investments-land, buildings , and equipment basis ^ Less accumulated depreciation ^ m J Stmt Stmt 8 9 Stmt 10 Land, buildings, and equipment. basis ^ Less accumulated depreciation ^ 17 18 19 Other assets (describe ^ Statement Total assets (to be completed by all filers - see the instructions. Also see p a g e 1 item I Accounts payable and accrued expenses Grants payable Deferred revenue 20 Loans from officers, directors , trustees , and other disqualified persons 21 22 Mortgages and other notes payable Other liabilities (describe ^ 23 Total liabilities ( add lines 17 throw h 22 ) Foundations that follow SFAS 117, check here and complete lines 24 through 26 and lines 30 and 31. 15 16 w 35 , 250. Investments - mortgage loans 13 Investments - other 14 11 ) 50 , 000. Statement 12 ) 27 28 763 , 285. 439 , 701. 826 ,130 . 452 , 796 . 23 , 283 , 751. 24 , 510 , 995. 2 8 3 7 51. 24 510 , 995 . ^ 24 Unrestricted m 25 m 26 r_ LL (c) Fai r Market Value 51 , 147. 1 , 223 , 715. 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 7 (b) Book Val ue 6 , 746. 907 , 759. Cash - non-Interest-bearing Savings and temporary cash investments 3 Accounts receivable ^ Done 13 End o f year Temporarily restricted Permanently restricted Foundations that do not follow SFAS 117, check here ^ 0 and complete lines 27 through 31. Capital stock, trust principal, or current funds Paid-in or capital surplus, or land, bldg., and equipment fund a 29 Retained earnings, accumulated income, endowment, or other funds Z 30 Total net assets or fund balances .. ,,..., 31 Total liabilities and net assets tfund balances part111 .. , „ 23 24 , 109 , 881. 1 24 , 963 , 791. 1 Analysis of Changes in Net Assets or Fund Balances Total net assets or fund balances at beginning of year - Part II, column (a), Itne 30 (must agree with end-of-year figure reported on prior year's return) 2 Enter amount from Part I, line 27a 3 Other increases not included in line 2 (itemize) ^ 4 Add lines 1, 2, and 3 I 5 Decreases not included in line 2 (itemize) ^ PRIOR Q See Statement PERIOD ADJUSTMENT Tntni not sene t e nr fund hslsnrps nt and of wonr (line d minuie tine Fl - Psrt II rntumn 1hl line in 7 1 2 23 , 283 3 4 945 , 985. 24 , 5 7 0 246. 340 5 G 751 . 510 . 59 , 251. 7 d r% 1 n Q Q r% _ Form 990-PF (2016) 823511 11-23-18 09011116 788682 1160 2 2016.04000 J M FOUNDATION 1160 1 t I Form 990-PF (2016) J M FOUNDATION 1 '3-60 6 340 Page 3 I Part IV I Capital Gains and Losses for Tax on Investment Income ( b How acquired o - Purchase D - Donation (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.) 1a PUBLICLY TRADED SECURITIES b SILVERCREST INTERNATIONAL c SILVERCREST SPECIAL SITUATIONS ( c) Date acquired N o., day, yr.) (d) Date sold (mo., day, yr.) P P P d e (e) Gross sales price a b c (f) Depreciation allowed ( or allowable ) ( g) Cost or other basis plus expense of sale 4 , 105 , 523. ( h ) Gain or (loss) (e) plus ( f) minus (g) 840 653. 317 429. 122 380. 3 , 264 , 870. 317 429. 122 380. d e Complete only for assets showing gain in column ( h) and owned by the foundation on 12/31/69 (i) F.M.V. as of 12/31/69 ( j) Adjusted basis as of 12/31/69 (I) Gains ( Col. (h) gain minus col. -) or less than -0-) (k ,but (from coh ( k) Excess of col (i) over col. (j), if any a b C 840 653. 317 429. 122 380. d e If gain, also enter in Part I, line 7 If (loss), enter -0 - in Part I, line 7 2 Capital gain net income or ( net capital loss) 2 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). If loss enter -0 - in Part I line 8 Part V 1 , 280 , 3 462. N/A UUa il T l catlon under 5ectlon 494U(e) T o r K eaucea I ax on Net i n vestment 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 period9 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 the instructions before makina any entries. Base period years Calendar year or tax year be g innin g (b distributions Adjusted qualifying 2015 2014 2013 2012 2011 1 1 1 1 1 , , , , , 381 237 257 426 12 4 , , , , Yes ® No Distribution ratio (col. (b) divided by col. (c)) (c) Net value of noncharitable-use assets 292. 452. 69 . 580. 565. 24 25 23 22 23 787 385 497 164 323 644. 702. 468. 201. 148. .055725 .048746 .053525 .064364 .048217 2 Total of 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 , , , , I , . .. ,,. ... . 2 . 270577 3 .054115 4 Enter the net value of noncharitable-use assets for 2016 fro m Part X, line 5 4 23 , 838 , 244. 5 Multiply line 4 by line 3 5 6 Enter 1% of net investment income (1% of Part I, line 27b) - 1 , 290 , 007. 6 12 , 926. 7 Addlines5and6 7 1 , 302 , 933. 8 Enter qualifying distributions from Part XII, line 4 8 943 , 076. 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. 623521 Form 990-PF (2016) 11-23-18 3 09011116 788682 1160 2016.04000 J M FOUNDATION 1160 1 v-rr rut tit cute Part VI U rl iJ -.,-- , L'VVLYLAl1VLY and enter "N/A' on line 1. 1a Exempt operating foundations described in section 4940(d)(2), check here ^ ( attach copy of letter if necessary -see instructions) Date of ruling or determination letter: b Domestic foundations that meet the section 4940(e) requirements in Part V, check here ^ = and 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-) 3 Add lines i and 2 4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 5 Tax based on investment income . Subtract line 4 from line 3. If zero or less, enter -06 Credits/Payments: a 2016 estimated tax payments and 2015 overpayment credited to 2016 6a 42 , 016. b Exempt foreign organizations - tax withheld at source 6b c Tax paid with application for extension of time to file (Form 8868) 6c 6d d Backup withholding erroneously withheld 7 Total credits and payments. Add lines 6a through 6d if Form 2220 is attached 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 10 Overpayment . If line 7 is more than the total of lines 5 and 8, enter the amount overpaid ^ Part VII-A 2 3 4 5 0. 25 , 852. 0. 25 , 852. 7 42,016. 8 9 10 16 , 164. Statements Regarding Activities managers. ^ $ 3 4a b 5 6 7 ra ea 25 , 852. 1a During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? b Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see instructions for the definition)? If the answer is "Yes" to la or 1b, attach a detailed descnpton of the activities and copies of any matenals 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: 0. (2) On foundation managers. ^ $ 0. (1) On the foundation. ^ $ e Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed on foundation 2 V Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940 (e), or 4948 - see instructions) Yes No 1a lb X X Ic X 2 X 0. Has the foundation engaged in any activities that have not previously been reported to the IRS? If "Yes, " attach a detailed descnption of the activities. Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments2 If "Yes," attach a conformed copy of the changes Did the foundation have unrelated business gross income of $1,000 or more during the year? If 'Yes," has it filed a tax return on Form 990-T for this year' Was there a liquidation, termination, dissolution, or substantial contraction during the year? If "Yes," attach the statement required by General Instruction T 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? Did the foundation have at least $5,000 in assets at any time during the year? If "Yes, " complete Part ll, col (c), and Part XV 3 4a 4b X X X X 5 6 X F7 T x 8a Enter the states to which the foundation reports or with which it is registered (see instructions) ^ NY 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(1)(3) or 4942(j)(5) for calendar year 2016 or the taxable year beginning in 2016 (see instructions for Part XIV)" If 'Yes,' complete Part XIV Form 990-PF (2016) 823531 11-23-18 09011116 788682 1160 4 2016.04000 J M FOUNDATION 1160 1 Part VII-A Statements Regarding Activities (continued) Yes No At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the meaning of 11 12 13 section 512(b)(13)9 It 'Yes,' attach schedule (see instructions) 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) Did the foundation comply with the public inspection requirements for its annual returns and exemption application? Website address ^ FDNCENTER. ORG / GRANTMAKER / JM-MI LBANK 14 The books are in care of ^ CARL HELSTROM, Located at ^ 116 VILLAGE BLVD, No. 15 16 EXECUTIVE DIRECTOR 200, PRINCETON, NJ 11 X 12 X 1 13 1 X I Telephone no. ^ 6 0 9 - 9 51- 2 2 8 3 ZIP+4 ^0 8 5 4 0 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 At any time during calendar year 2016, did the foundation have an interest in or a signature or other authority over a bank, securities, or other financial account in a foreign country9 See the instructions for exceptions and filing requirements for FinCEN Form 114. If 'Yes,' enter the name of the ^ [] ^ 15 N/A YeS No Yes No 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. 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? Yes ® No (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from) Yes No a disqualified person? Yes ® No (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? ® Yes No (5) Transfer any income or assets to a disqualified person (or make any of either available Yes for the benefit or use of a disqualified person)? No (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.) Yes ® No to qualify under the answer is 'Yes' to la(1)-(6), did of the acts fail exceptions described in Regulations any b If any section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ^ Ll Organizations relying on a current notice regarding disaster assistance check here described in la, excepted were corrected foundation engage in prior year in any of the acts other than acts, that not Did the a c before the first day of the tax year beginning in 2016? Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private operating foundation 2 defined in section 4942(j)(3) or 4942(I)(5)): a At the end of tax year 2016, did the foundation have any undistributed income (lines 6d and 6e, Part XIII) for tax year(s) beginning lb X 1c X before 2016? 0 Yes ® No It 'Yes; list the years ^ 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.) c It the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here. N/A 3a Did the foundation hold more than a 2% direct or Indirect interest in any business enterprise at any time during the year? .... ..... ..... .......... ......... ... 0 Yes ® No b It 'Yes; did it have excess business holdings in 2016 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, N/A Form 4720, to determine if the foundation had excess business holdings in 2016.) 4a Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? 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 ieooardv before the first day of the tax year beammna in 2016 2b 3b 4a X 4b X Form 990-PF (2016) 823541 11-23-18 09011116 788682 1160 2016.04000 J M FOUNDATION 1160 1 Form 990-PF 2016 J M FOUNDATION 13-606- 8340 Pa e 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? 0 (3) Provide a grant to an individual for travel, study, or other similar purposes9 ED (4) Provide a grant to an organization other than a charitable, etc., organization described in section 4945(d)(4)(A)? (see instructions) El (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 instructlons)7 Organizations relying on a current notice regarding disaster assistance check here 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? N/A 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? 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 transaction9 b If 'Yes . ' did the foundation receive an y p roceeds or have an y net income attributable to the transactions Part VIII 1 Yes ® No Yes ® No Yes ® No Yes ® No N/A ^0 Yes 5b No Yes ® No 6b Yes ® No N A X 7b Information About Officers , Directors, Trustees , Foundation Managers , Highly Paid Employees , and Contractors List all officers , directors, trustees, foundation managers and their compensation. (b) Title, and average hours p er week devoted (a) Name and address to position See Statement 13 2 Yes ® No (d) Contnbutionsto ano det erred (c) Compensation (If not paid , emp and det erred ans enter - 0- compensation (e) Expense account, other allowances 0. 303 , 590. 113 , 644. Cemoensation of live hiahest-paid emolovees (other than those included on line 1). 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 (d) Contnbubonsto (c) Compensation p ben e fit plans ern and compensation (e) Expense account, other allowances NONE Total number of other employees paid over $50,000 623551 0 ^ I Form 990-PF (2016) 11-23-16 09011116 788682 1160 6 2016.04000 J M FOUNDATION 1160 1 rurIr u-rr cvro Part VIII U ii rvUivLeai.iviv 1J-OUOO34U F'a et Information About Officers, Directors , Trustees, Foundation Managers, Highly Paid Employees , and Contractors (continued) 3 Five highest-paid independent contractors for professional services. If none, enter "NONE." (a) Name and address of each person paid more than $50,000 SILVERCREST ASSET MANAGEMENT GROUP - 1330 AVENUE OF THE AMERICAS , NEW YORK , NY 10019 SILVERCREST SPECIAL - 1330 AVENUE OF THE AMERICAS , NEW YORK , NY 10019 SILVERCREST INTERNATIONAL FUND - 1330 AVENUE OF THE AMERICAS , NEW YORK , NY 10019 (b) Type of service INVESTMENT ADVISORY 133 540. INVESTMENT ADVISORY 79 , 990. INVESTMENT ADVISORY 79 , 551. Total number of others receivin g over $ 50 ,000 for p rofessional services Part IX -A (c) Compensation ^ 0 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 1DIRECT ASSISTANCE TO CHARITABLE ORGANIZATIONS 51 , 089. 2 3 4 Part IX- B I Summary of Prociram - Related Investments Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. 1 Amount N/A 2 All other program-related investments. See instructions. 3 Total. Add lines 1 throu g h 3 0 Form 990-PF (2016) 823501 11-23-18 09011116 788682 1160 7 2016.04000 J M FOUNDATION 1160 1 Form 990-PF (2016) Part X 1 J M FOUNDATION 13- 6068340 Page 8 Minimum Investment Return (All domestic foundations must complete this part Foreign foundations, see instructions) 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 c Fair market value of all other assets la lb 1c 22 d Total (add lines la, b, and c) 1d 24 , 201 263 . e Reduction claimed for blockage or other factors reported on lines la and 1c (attach detailed explanation) le 0. 2 Acquisition indebtedness applicable to line 1 assets 3 Subtract line 2 from line ld 4 Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see instructions) 5 Net value of noncharitable - use assets . Subtract line 4 from line 3. Enter here and on Part V, line 4 6 Minimum investment return . Enter 5% of line 5 Part XI Distributable Amount (see instructions) (Section 4942(l)(3) and (1)(5) private operating foundations and foreign organizations check here ^ 0 and do not complete this part.) Minimum investment return from Part X, line 6 1 2a Tax on investment income for 2016 from Part VI, line 5 b Income tax for 2016. (This does not include the tax from Part VI.) c Add lines 2a and 2b 3 Distributable amount before adjustments. Subtract line 2c from line 1 4 Recoveries of amounts treated as qualifying distributions 315 , 582 . 2 3 24 , 201 4 5 6 certain 0 . 263 . 363 019 23 , 838 244 912 1 191 1 191 912 3 4 1 , 26 985 . 164 927 . 1 2a 2b , 466 , 608. 1 , 419 , 073 . , 852. 1 , 133. 25 2c 0 . 5 Add lines 3 and 4 5 1 , 164 927 . 6 7 Deduction from distributable amount (see instructions) Distributable amount as ad usted. Subtract line 6 from line 5. Enter here and on Part XIII , line 1 6 7 1 16 4 0 . 927 . Part XII Qualifying Distributions (see instructions) Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes: is a Expenses, contributions, gifts, etc. - total from Part I, column (d), line 26 1b b Program-related investments - total from Part IX-B 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: 3a a Suitability test (prior IRS approval required) 3b b Cash distribution test (attach the required schedule) 4 4 Qualifying distributions Add lines la through 3b. Enter here and on Part V, line 8, and Part XIII, line 4 that of Foundations qualify under section 4940(e) for the reduced rate tax on net investment 5 income. Enter 1% of Part I, line 27b 5 6 Adjusted qualifying distributions Subtract line 5 from line 4 6 Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifie s for the section 4940(e) reduction of tax in those years. 1 943 , 076. 0. 943 , 076. 0. 943 , 076. Form 990-PF (2016) 823571 11-23-18 09011116 788682 1160 8 2016.04000 J M FOUNDATION 1160 1 P Form 990-PF (2016) Part XIII J M FOUNDATION Pane 9 13- 6068340 Undistributed Income (see instructions) (a) Corpus (b) Years prior to 2015 (c) 2015 (d) 2016 Distributable amount for 2016 from Part XI, 1 llne7 1 , 164 , 927. Undistributed income , if any, as of the end of 2010 2 a Enter amount for 2015 only b Total for prior years: 0. 0. 3 Excess distributions ca rryover, if any, to 2016: a From 2011 bFrom 2012 c From 2013 d From 2014 eFrom 2015 339 129 29 179 , , , , 036. 315. 614. 540. f Total of lines 3a throug h e 4 Qualifying distributions for 2016 from Part XI I, line 4: ^ $ 677 , 505. 943 , 076. a Applied to 2015, 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 2016 distributable amount e Remaining amount distributed out of corpus 5 Excess distributions carryover applied to 2018 0. 0. 0. 943 , 076. 0. 221 , 851. 221 , 851 . (if an amount appears in column ( d), the same amount must be shown in column (a) ) 6 Enter the net total of each column as indicated below: a corpus Add lines 3f , 4c, and 4e Subtract line 5 455 , 654. 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 0. 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 2015. Subtract line 4a from line 2a. Taxable amount - see instr. f Undistributed income for 2016 . Subtract lines 4d and 5 from line 1 . This amount must 0 be distributed in 2017 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) Excess distributions carryover from 2011 not applied on line 5 or tine 7 9 Excess distributions carryover to 2017. Subtract lines 7 and 8 from tine 6a 10 Analysis of line 9: 0 . 8 a Excess from 2012 b Excess from 2013 c Excess from 2014 . d Excess from 2015 0 . 455 , 654. 117 18 5 . 12 9 315 . 29 , 614. 179 , 540. e Excess from 2016 623581 Form 990-PF (2016) 11 - 23-18 09011116 788682 1160 9 2016.04000 J M FOUNDATION 1160 1 orm 990-PF 2016 J M FOUNDATION Part XIV Private Operating Foundations (see instructions and Part VII-A, question 9) 1 a If the foundation has received a ruling or determination letter that it is a private operating foundation, and the ruling is effective for 2016, enter the date of the ruling Mo. ^ b Check box to indicate whether the foundation is a p rivate o eratm foundation described in section Tax year Prior 3 years 2 a Enter the lesser of the adjusted net (b) 2015 (a) 2016 (c) 2014 income from Part I or the minimum b c d e 3 a 13-6068340 Page 10 N/A 4942 (j)( 3 ) or (d) 2013 LLJ 4942(j)(5) (e) Total investment return from Part X for each year listed 85% of line 2a Qualifying distributions from Part XII, line 4 for each year listed Amounts included in line 2c not used directly for active conduct of exempt activities Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c Complete 3a, b, or c for the alternative test relied upon: 'Assets' alternative test - enter. (1) Value of all assets (2) Value of assets qualifying under section 4942(I)(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(I)(3)(B)(ui) (3) Largest amount of support from an exempt organization ( 4 ) Gross investment income Part XV 1 Supplementary Information (Complete this part only if the foundation had $5,000 or more in assets at any time during the year- see instructions.) Information Regarding Foundation Managers: 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 List a 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. None 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 e-mail address of the person to whom applications should be addressed: See Statement 14 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: 623601 11 -23-18 09011116 788682 1160 Form 990-PF (2016) 10 2016.04000 J M FOUNDATION 1160 1 ry mtormation Cirants ana U ontributions Pala uurm 3 Recipient • Name and address (home or business) a the re ar or A roves for Future Pa ment 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 BOARD MATCHING GIFTS ONE C ENERAL SUPPORT 116 VILLAGE BLVD. PRINCETON NJ 08540 SEE SCHEDULE ATTACHED #17 31 200 , ONE C ENERAL SUPPORT 116 VILLAGE BLVD. NJ 08540 PRINCETON 640 000 , Total ^ 3a 771 200 b Approved for future payment None ^ 3b 1 0. Form 990-PF (2016) Total 623811 11-23-18 09011116 788682 1160 11 2016.04000 J M FOUNDATION 1160 1 I l Form 990-PF (2016) j Part XVI -A J M FOUNDATION 13-6098340 Paoe 12 Analysis of Income - Producing Activities Enter gross amounts unless otherwise indicated . Program service revenue: unrelate d ousiness income (a) Business code (b) Amount Exclu ded b y section 512 , 513 , or 514 (d) Amount son code (e) Related or exempt function income a b c d e f g Fees and contracts from government agencies 2 Membership dues and assessments 3 Interest on savings and temporary cash investments 4 Dividends and interest from securities 5 Net rental income or (loss) from real estate: a Debt-financed property b Not debt-financed property 6 Net rental income or (loss) from personal property 7 Other investment income 900000 9 , 643. 8 Gain or (loss) from sales of assets other than inventory 14 382 , 145. 18 1 , 280 , 462. 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) 9 , 643. 1 1 , 662 , 607. 13 Total. Add line 12, columns (b), (d), and (e) (See worksheet in line 13 instructions to verify calculations.) Part XVI -B 623821 13 0. 1,672,250. Relationship of Activities to the Accomplishment of Exempt Purposes Form 990-PF (2016) 11-23-10 09011116 788682 1160 12 2016.04000 J M FOUNDATION 1160 1 Form 990-PF 2016 J M FOUNDATION ;3-6098340 Part XVII Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations a b c d Pa a 13 Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of Yes No the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations? Transfers from the reporting foundation to a noncharitable exempt organization of. (1) Cash la ( l ) X (2) Other assets 1a 2 X Other transactions: (1) Sales of assets to a noncharitable exempt organization lb ( l ) X (2) Purchases of assets from a noncharitable exempt organization lb ( 2 )1 X (3) Rental of facilities, equipment, or other assets 1b ( 3 )1 X (4) Reimbursement arrangements X lb(4)1 (5) Loans or loan guarantees 1b 5 X (6) Performance of services or membership or fundraising solicitations X lb ( 6 ) Sharing of facilities, equipment, mailing lists, other assets, or paid employees 1c X 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, ot her ass ets, or services given by the reporting foundation. If the foundation received less than fair market value in any transaction or sharing arrangement, sh ow in 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? h Yes ® No If 'Vec ' rmmnlvte thr? fnllnwinn crharlnlp (a) Name of organization (b) Type of organization (c) Description of relationship N/A Under penalties of perjury . I declare that 1 have examined this return, Including accompanying schedules and etetomonts, and to the boat of my knowledge and belief, it is true , correct, and complete , Declaration of proparor (other than taxpayer ) Is based on all Information of knowledge r Sign Here Signature of officer or trustee Pnntll ype preparer's name Paid 09011116 Kevin Sunkel D Preparer's signature May the IRS d aeuae this return with the propara J M FOUNDATION 13-6068340 Dividends and Interest from Securities Form 990;PF Capital Gross Amount Source (a) Revenue Per Books Gains Dividends Statement (b) Net Investment Income 1 (c) Adjusted Net Income DIVIDENDS AND INTEREST To Part I, line 4 391,788. 0. 391,788. 391,788. 391,788. 0. 391,788. 391,788. Form 990-PF Legal Fees (a) Expenses Per Books Description LEGAL SERVICES To Fm 990-PF, Pg 1, In 16a Form 990-PF (b) Net Investment Income (d) Charitable Net Income Purposes 427. 0. 427. 427. 0. 427. (a) Expenses Per Books OWEN J. FLANAGAN & CO. ACCOUNTING AND TAX LEAR & PANNEPACKER (b) Net Investment Income Statement (c) Adjusted Net Income 3 (d) Charitable Purposes - Pg 1, In 16b 09011116 788682 1160 2 (c) Adjusted Accounting Fees Description To Form 990-PF, Statement 13,250. 7,853. 13,250. 3,926. 0. 3,927. 21,103. 17,176. 3,927. 14 2016.04000 J M FOUNDATION Statement(s) 1, 2, 3 1160 1 J M FOUNDATION ,13-6068340 Form 990-PF Other Professional Fees (a) Expenses Per Books Description SILVERCREST - INV. ADVISORY FEES SILVERCREST INTERNATIONAL FUND - INV SILVERCREST SPECIAL SITUATIONS FUND - INV To Form 990-PF, Pg 1, In 16c Form 990-PF (c) Adjusted Net Income Pg 1, In 18 Form 990-PF BANK CUSTODY FEES SPECIAL PROJECTS POSTAGE SERVICE CONTRACTS OFFICE SUPPLIES GENERAL AND OTHER REIMBURSEMENT NYS FILING FEES Pg 1, 09011116 788682 1160 In 23 (d) Charitable Purposes 133,540. 0. 79,551. 79,551. 0. 79,990. 79 293,081. ,990 . 0. 293,081. 0. Statement (b) Net Investment Income 5 (c) Adjusted (d) Charitable Net Income Purposes 10,000. 0. 0. 10,000. 0. 0. Other Expenses Description 4 133,540. (a) Expenses Per Books EXCISE TAXES To Form 990-PF, (b) Net Investment Income Taxes Description To Form 990-PF, Statement Statement 6 (a) Expenses (b) Net Invest- (c) Adjusted (d) Charitable Per Books ment Income Net Income Purposes 10,727. 9,343. 746. 7,215. 838. 17,010. -265,361. 500. 10,727. 0. 112. 1,082. 126. 1,746. -26,536. 0. 0. 9,343. 634. 6,133. 712. 15,264. -297,497. 500. -218,982. -12,743. -264,911. 15 2016.04000 J M FOUNDATION Statement(s) 4, 5, 6 1160 1 J M FOUNDADION Form 990-PF • Other Increases in Net Assets or Fund Balances 113-6068340 Statement Description 7 Amount CHANGE IN UNREALIZED APPRECIATION NET OF TAXES 945,985. Total to Form 990-PF, 945,985. Part III, Form 990- PF line 3 Corporate Stock Book Value Description STOCKS #16 Total to Form 990-PF, Part II, line 10b Form 990-PF Part II, Form 990-PF line 10c 13,837,605. 13,837,605. Statement SILVERCREST INTERNATIONAL FUND SILVERCREST SPECIAL SITUATIONS GLOBAL OPPORTUNITIES FUND Total to Form 990-PF, 09011116 788682 1160 Part II, FMV FMV FMV line 13 Fair Market Value 1,879,537. 1,879,537. 1,879,537. Statement Valuation Method 9 1,879,537. Other Investments Description Fair Market Value 13,837,605. Book Value CORPORATE BONDS #16 8 13,837,605. Corporate Bonds Description Total to Form 990-PF, Statement Book Value 10 Fair Market Value 3,731,143. 3,584,612. 66,974. 3,731,143. 3,584,612. 66,974. 7,382,729. 7,382,729. 16 Statement(s) 2016.04000 J M FOUNDATION 7, 8, 9, 10 1160 1 J M FOUNDATION ,13-6068340 Form 990-PF Other Assets Description Beginning of Yr Book Value Statement End of Year Book Value 11 Fair Market Value DEFERRED COMPENSATION INVESTED MILBANK FOUNDATION FOR 301,738. 294,903. 294,903. REHABILITATION 330,552. 265,361. 265,361. 632,290. 560,264. 560,264. To Form 990-PF, Part II, line 15 Form 990-PF Other Liabilities Description Statement BOY Amount 12 EOY Amount TAXES PAYABLE RESERVE FOR DEFERRED COMPENSATION DUE TO BROKER DEFERRED TAXES 73,666. 301,738. 387,881. 0. 94,341. 294,903. 26,457. 24,000. Total to Form 990-PF, 763,285. 439,701. 09011116 788682 1160 Part II, line 22 17 2016.04000 J M FOUNDATION Statement(s) 11, 12 1160 1 J M FOUNDATION Form 990-PF 13-6068340 Part VIII - List of Officers, Directors Trustees and Foundation Managers Title and Avrg Hrs/Wk Name and Address Statement 13 Employee Ben Plan Expense Contrib Account Compensation CHRIS OLANDER C/O JM FOUNDATION PRINCETON, NJ 08540 EXEC DIR EMERITUS/ASST SEC 10.00 67,890. 20,857. 0. JEREMIAH BOGERT C/O JM FOUNDATION PRINCETON, NJ 08540 VICE PRESIDENT 1.00 0. 0. 0. MARY E. CASLIN ROSS C/O JM FOUNDATION PRINCETON, NJ 08540 DIRECTOR 1.00 0. 0. 0. WM. LEE HANLEY, JR. C/0 JM FOUNDATION PRINCETON, NJ 08540 TREASURER 1.00 0. 0. 0. JEREMIAH MILBANK III C/O JM FOUNDATION PRINCETON, NJ 08540 PRESIDENT 1.00 0. 0. 0. PETER C. MORSE C/O JM FOUNDATION PRINCETON, NJ 08540 SECRETARY 1.00 0. 0. 0. CARL HELSTROM EXECUTIVE DIRECTOR/ASST TR 235,700. 92,787. 0. 303,590. 113,644. 0. C/O JM FOUNDATION PRINCETON, 20.00 NJ 08540 Totals included on 990 - PF, 09011116 788682 1160 Page 6 , Part VIII 18 2016.04000 J M FOUNDATION Statement(s) 13 1160 1 J M FOUNDA't'ION Form 990-PF • Grant Application Submission Information Part XV, Lines 2a through 2d .13-6068340 Statement 14 Name and Address of Person to Whom Applications Should be Submitted CARL HELSTROM 116 VILLAGE BLVD. PRINCETON, NJ 08540 Telephone Number 609-951-2283 Form and Content of Applications BRIEF LETTER OR PROPOSAL IN BUSINESS LETTER FORMAT THAT EXPLAINS THE ORGANIZATION'S MISSION AND THE PROJECT FOR WHICH YOU SEEK FUNDING. Any Submission Deadlines NO FORMAL PROPOSAL DEADLINES. THE BOARD MEETS IN MAY AND OCTOBER. Restrictions and Limitations on Awards PROPOSALS FOR THE FOLLOWING ARE RARELY APPROVED: ANNUAL APPEALS, THE ARTS, CAPITAL CAMPAIGNS, EQUIPMENT, ENDOWMENTS, GOVERNMENT ENTITIES, INDIVIDUALS, INTERNATIONAL PROJECTS, MULTI-YEAR GRANTS, POLITICAL CAUSES AND ORGANIZATIONS LACKING TAX-EXEMPT STATUS. 09011116 788682 1160 19 2016.04000 J M FOUNDATION Statement(s) 1160 14 1