00 2 00 Send with fee and attachments to: CHAR500 2015 NYS Office of the Attorney General Charities Bureau Registration Section 120 Broadway New York, NY 10271 NYS Annual Filing for Charitable Organizations www.CharitiesNYS.com Open to Public Inspection 1.General Information For Fiscal Year Beginning (mm/dd/yyyy) 01/01/2015 and Ending (mm/dd/yyyy) 12/31/2015 Employer Identification Number (EIN): Name of Organization: Check if Applicable: ~ Address Change fYI Name Change Fl initial Filing ~ Final Filing F-3 Amended Filing E-1 Reg ID Pending PAUL A. 20-8313839 SAFFRIN FOUNDATION C/O CATHERINE NY Registration Number: Mailing Address: 140 PEARL ST, NO. 40-52-83 100 Telephone: City / State / ZIP: BUFFALO, NY 716 848-1237 14202 Email: Website: N/A Check your organization's registration category: ~ 7A only ~ EPTI- only ~ DUAL (7A & EPTL) ~ EXEMPT Confirm your Registration Category in the Charities Registry at www.CharitiesNYS.com 2. Certification See instructions for certification requirements. Improper certification is a violation of law that may be subject to penalties. We certify under penalties of perjury that we reviewed this report, including all attachments, and to the best of our knowledge and belief, they are true, correct and complete in accordance with the laws of the State of New York applicable to this report. 495 *J- CATHERINE B. (ALWo_ President or Authorized Officer: EBERL / , TRUSTEE Signature Print Name and Title / date Signature Print Name and Title Date Chief Financial Officer or Treasurer: 3. Annual Reporting Exemption , Check the exemption(s) that apply to your filing. If your organization is claiming an exemption under one category (7A or EPTL only filers) or both categories (DUAL filers) that apply to your registration, complete only parts 1,2, and 3, and submit the certified Char500. No fee, schedules, or additional attachments are required. If you cannot claim an exemption or are a DUAL filer that claims only one exemption, you must file applicable schedules and attachments and pay applicable fees. El 38.7A filing exemption: Total contributions from NY State including residents, foundations, government agencies, etc, did not exceed $25,000 and the organization did not engage a professional fund raiser (PFR) or fund raising counsel (FRC) to solicit contributions during the fiscal year. Or the organization qualifies for another 7A exemption (see instructions). ~ 310. EPTL filing exemption: Gross receipts did not exceed $25,000 and the market value of assets did not exceed $25,000 at any time during the fiscal year. 4. Schedules and Attachments See the following page for a checklist of schedules and attachments to ~ Yes complete your filing. ~ Yes ~ No 4a. Did your organization use a professional fund raiser, fund raising counsel or commercial co-venturer for fund raising activity in NY State? If yes, complete Schedule 4a. ~ No 4b. Did the organization receive government grants? If yes, complete Schedule 4b. 5. Fee See the checklist on the 7A filing fee: Total fee: EPTL filing fee: Make a single·check or money order next page to calculate your payable to: fee(s). Indicate fee(s) you are submitting here: 568451 12-22-15 1019 $ $ 250. $ 250. "Department of Law" CHAR500 Annual Filing for Charitable Organizations (Updated December 2015) Page 1 3 12511010 795314 CRANEFAMFDN 2015.04030 PAUL A. SAFFRIN FOUNDATION CRANEFAl PAUL A. SAFFRIN FOUNDATION C/O CATHERINE B. EBERL CHAR500 Annual Filing Checklist Simply submit the certified CHAR500 with no fee, schedule, or additional attachments IF: Your organization is registered as 7A only and you marked the 7A filing exemption in Part 3. Your organization is registered as EPTL only and marked the EPTL filing exemption in Part 3. - Your organization is registered as DUAL and you marked both the 7A and EPTL filing exemption in Part 3. - Checklist of Schedules and Attachments Check the schedules you must submit with your CHAR500 as described in Part 4: ~ If you answered "yes" in Part 4a, submit Schedule 4a: Professional Fund Raisers (PFR), Fund Raising Counsel (FRC), Commercial Co-Venturers (CCV) £ If you answered "yes" in Part 4b, submit Schedule 4b: Government Grants Check the financial attachments you must submit with your CHAR500: ~ IRS Form 990, 990-EZ, or 990-PF, and 990-T if applicable ~ All additional IRS Form 990 Schedules, including Schedule B (Schedule of Contributors). ~ Our organization was eligible for and filed an IRS 990-N e-postcard. We have included an IRS Form 990-EZ for state purposes only. If you are a 7A only or DUAL filer, submit the applicable independent Certified Public Accountant's Review or Audit Report: £ Review Report if you received total revenue and support greater than $250,000 and up to $500,000. ~ Audit Report if you received total revenue and support greater than $500,000 ~ No Review Report or Audit Report is required because total revenue and support is less than $250,000 ~ We are a DUAL filer and checked box 3a, no Review Report or Audit Report is required Calculate Your Fee Is my Registration Category 7A, EPTL, DUAL or EXEMPT? Organizations are assigned a Registration Category upon registration with the NY Charities Bureau: For 7A and DUAL filers, calculate the 7A fee: ~ $0, if you checked the 7A exemption in Part 3a ~ $25, if you did not check the 7A exemption in Part 3a 7A filers are registered to solicit contributions in New York under Article 7-A of the Executive Law ("7A") EPTL filers are registered under the Estates, Powers & Trusts Law ("EPTL") because they hold assets and/or conduct activities for charitable purposes in NY. For EPTL and DUAL filers, calculate the EPTL fee: ~ $0, if you checked the EPTL exemption in Part 3b ~ $25, if the NET WORTH is less than $50,000 ~ $50, if the NET WORTH is $50,000 or more but less than $250,000 ~ ~ ~ ~ DUAL filers are registered under both 7A and EPTL. $100, if the NET WORTH is $250,000 or more but less than $1,000,000 $250, if the NET WORTH is $1,000,000 or more but less than $10,000,000 $750, if the NET WORTH is $10,000,000 or more but less than $50,000,000 $1500, if the NET WORTH is $50,000,000 or more EXEMPT filers have registered with the NY Charities Bureau and meet conditions in Schedule E - Registration Exemption for Charitable Organizations. These organizations are not required to file annual financial reports but may do so voluntarily. Confirm your Registration Category and learn more about NY law at www.CharitiesNYS.com Send Your Filing ] Where do l find my organization's NET WORTH? Send your CHAR500, all schedules and attachments, and tota! fee to: NET WORTH for fee purposes is calculated on: - IRS From 990 Part 1, line 22 - IRS Form 990 EZ Part 1, line 21 - IRS Form 990 PF, calculate the difference between Total Assets at Fair Market Value (Part ll, line 16(c)) and NYS Office of the Attorney General Charities Bureau Registration Section 120 Broadway New York, NY 10271 568461 12-22-15 1019 Total Liabilities (Part ll, line 23(b)) CHAR500 Annual Filing for Charitable Organizations (Updated December 2015) Page 2 4 12511010 795314 CRANEFAMFDN 2015.04030 PAUL A. SAFFRIN FOUNDATION CRANEFAl EXTENDED TO NOVEMBER 15, 2016 OMB No. 1545-0052 Return of Private Foundation Form 990-PF 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.irs.gov/form990pf. Department of the Treasury Internal Revenue Service 2015 -0~rro-Fomle-m5~rlorr , and ending For calendaryear 2015 ortax year beginning A Employer identification number Name of foundation PAUL A. SAFFRIN FOUNDATION C/O CATHERINE B. 20-8313839 EBERL Number and street (or P.O. box number if mail is not delivered to street address) Room/suite 716-848-1237 100 140 PEARL ST B Telephone number City or town, state or province, country, and ZIP or foreign postal code C If exemption application is pending, check here .»1_1 D 1. Foreign organizations, check here -,[III 14202 BUFFALO, NY L_1 Initial return 1 El Final return [~ Amended return El Address change FYI Name change G Check all that apply: 1 Initial return of a former public charity check here and attach computation H Check type of organization: IX Section 501(c)(3) exempt private foundation Fl Section 4947(a)(1) nonexempt charitable trust £ Other taxable private foundation L_1 Accrual 1 Fair market value of all assets at end of year J Accounting method: _X Cash E If private foundation status was terminated under section 507(b)(1)(A), check here ,[I] F If the foundation is in a 60-month termination Fl Other (specify) (from Part 11, col. (c), line 16) ,$ 8,315,198. (Part /, column (d) must be on cash basis.) Part I ~ Analysis of Revenue and Expenses (a)Revenue and (b) Net investment (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a).) 1 Contributions, gifts, grants, etc., received expenses per books ~ ~I] 2. Foreign organizations meeting the 85% test, under section 507( b )( 1 )(8), check here (d) Disbursements (c) Adjusted net for charitable purposes (cash basis only) income income N/A 612,775. I ,00 if the foundation is not required to attach Sch. B 2 Check . J Interest on savings and temporary cash investments 4 Dividends and interest from securities,. 15,796. 96,343. 15,796. 96,343. STATEMENT 1 1 STATEMENT 2 1 5a Gross rents I Revenue b Net rental income or (loss) Ga Net gain or (loss) from sale of assets not on line 10 + b Gross sales price for all 3,076,285. assets on line 6a <42,478.> 1 1 0 0 Capital gain net income (from Part IV, line 2) . 7 8 Net short-term capital gain I 9 Income modifications. Gross sales less returns 10a and allowances 1 ~ 1 b Less: Cost of goods sold . 1 c Gross profit or (loss) . I 11 Other income 682,436. 45,000. 112,139. 45,000. 0. 18,928. 18,928. 0. 46,976. 46,967. 0. 2,366. 2,116. 250. 113,270. 457,000. 113,011. 25 Contributions, gifts, grants paid 250. 457,000. 26 Total expenses and disbursements. Add lines 24 and 25 570,270. 113,011. 457,250. 12 Total. Add lines 1 through 11 Compensation of officers, directors, trustees, etc. 13 1 Operating and Administrative Expenses 14 Other employee salaries and wages 15 16a b c Pension plans, employee benefits .,..,.,......... STMT 3 Legal fees. Accounting fees Other professional fees STMT 4 17 interest . 18 Taxes 19 Depreciation and depletion STMT 5 20 Occupancy 21 22 23 24 Travel, conferences, and meetings Printing and publications Other expenses Total operating and administrative expenses. Add lines 13 through 23 27 Subtract line 26 from line 12: a Excess of revenue over expenses and disbursements 1Y2,166. b Net investment income (if negative, enter -O-) N/A C Adjusted net income (if negative, enter -0-). 523501 11-24-15 12511010 795314 CRANEFAMFDN 2015.04030 PAUL A. 1 Form 990-PF (2015) LHA For Paperwork Reduction Act Notice, see instructions. SAFFRIN FOUNDATION CRANEFAl Application for Extension of Time To File an Exempt Organization Return Form 8868 (Rev. January 2014) OMB No. 1545-1709 # Filea separate application for each return. Department of the Treasury Internal Revenue Service ~ Information about Form 8868 and its instructions is at www. irs.gov/form8868 . • If you are filing for an Automatic 3-Month Extension, complete only Part I and check this box .. • If you are filing for an Additional (Not Automatic) 3-Month Extension, complete only Part 11 (on page 2 of this form). . )• -_XJ you have already been granted an automatic 3-month extension on a previously filed Form 8868. Do not complete Part 11 unless Electronic filing (e-me) . You can electronically file Form 8868 if you need a 3-month automatic extension of time to file (6 months for a corporation required to file Form 990-T), or an additional (not automatic) 3-month extension of time. You can electronically file Form 8868 to request an extension of time to file any of the forms listed in Part I or Part 11 with the exception of Form 8870, Information Return for Transfers Associated With Certain Personal Benefit Contracts, which must be sent to the IRS in paper format (see instructions). For more details on the electronic filing of this form, visit www.irs.gov/efile and click on e-file for Charities & Nonprofits. Part 1 1 Automatic 3-Month Extension of Time. Only submit original (no copies needed). A corporation required to file Form 990-T and requesting an automatic 6-month extension - check this box and complete Part lonly All other corporations (including 1120-C filers), partnerships, REMICs, and trusts must use Form 7004 to request an extension of time to file income tax returns. Enter filer's identifying number Type or Name of exempt organization or other filer, see instructions. print CRANE FAMILY FOUNDATION C/O CATHERINE B. EBERL File by the due date for filing your return. See instructions. Employer identification number (EIN) or 20-8313839 Social security number (SSN) Number, street, and room or suite no. If a P.O. box, see instructions. THE GUARANTY BUILDING, 140 PEARL ST, NO. 100 City, town or post office, state, and ZIP code. For a foreign address, see instructions. BUFFALO, NY 14202 ~ Enter the Return code for the return that this application is for (file a separate application for each return) Return Application Is For Form 990 or Form 990-EZ Form 990-BL Form 4720 (individual) Form 990-PF Form 990-T (sec. 401 (a) or 408(a) trust) Form 990-T (trust other than above) Code 01 02 03 04 05 06 Return Application Code Is For Form 990-T (corporation) Form 1041-A 07 08 09 10 11 12 Form 4720 (other than individual) Form 5227 Form 6069 Form 8870 CATHERINE B. EBERL - THE GUARANTY BUILDING 140 PEARL ST • The books are in the care of 4 STE 100 - BUFFALO, NY 14202-4040 Fax No. 4 Telephone No. I 716-848-1404 • If the organization does not have an office or place of business in the United States, check this box . . If this is for the whole group, check this • If this is for a Group Return, enter the organization's four digit Group Exemption Number (GEN) of all members the extension is for. EINs and names the with list a box ~ ~ .If it is for part of the group, check this box ~ ~ and attach until time of extension 990-T) Form file to required corporation a for months (6 3·month automatic an request I 1 AUGUST 15, 2016 , to file the exempt organization return for the organization named above. The extension 40 is for the organization's return for: ~ 11 calendar year 2015 or 4 El tax year beginning , and ending ~ initial return ~ Final return 2 If the tax year entered in line 1 is for less than 12 months, check reason: 3a If this application is for Forms 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative tax, less any nonrefundable credits. See instructions. If this application is for Forms 990-PF, 990·T, 4720, or 6069, enter any refundable credits and 3a $ 2,800. estimated tax payments made. Include any prior year overpayment allowed as a credit. 3b $ 1,400. ~ Change in accounting period b Balance due. Subtract line 3b from line 3a. Include your payment with this form, if required, 1,400. 3c $ by using EFTPS (Electronic Federal Tax Payment System). See instructions. payment for 8879-EO Form and 8453-EO Form see 8868, Form this with debit) (direct withdrawal funds Caution. If you are going to make an electronic c instructions. LHA 523841 04-01-15 For Privacy Act and Paperwork Reduction Act Notice, see instructions. Form 8868 (Rev. 1-2014) 14.1 13140511 795314 CRANEFAMFDN 2015.03030 CRANE FAMILY FOUNDATION C/O CRANEFAl Page 2 Form 8868 (Rev. 1-2014) _ • If you are filing for an Additional (Not Automatic) 3-Month Extension, complete only Part 11 and check this box . Note. Only complete Parl 11 if you have already been granted an automatic 3-month extension on a previously filed Form 8868. • If you are filing for an Automatic 3-Month Extension, complete only Part I (on page 1). Part Il ~ , 1-KJ Additional (Not Automatic) 3-Month Extension of Time. Only file the original (no copies needed). Enter filer's identifying number, see instructions Type or print File by the due date for filing your return. See instructions. Employer identification number (EIN) or Name of exempt organization or other filer, see instructions. CRANE FAMILY FOUNDATION C/O CATHERINE B. EBERL 20-8313839 Number, street, and room or suite no. If a P.O. box, see instructions. 140 PEARL ST, NO. Social security number (SSN) 100 City, town or post office, state, and ZIP code. For a foreign address, see instructions. BUFFALO, 14202 NY ,... Enter the Return code for the return that this application is for (file a separate application for each return) Return Application Application Is For Code Is For 01 Form 990 or Form 990-EZ Form 990-BL 02 Form 1041-A Form 4720 (other than individual) 03 Form 4720 (individual) Form 5227 04 , Form 990-PF Form 6069 05 Form 990·T (sec. 401 (a) or 408(a) trust) Form 8870 06 Form 990-T (trust other than above) STOP! Do not complete Part 11 if you were not already granted an automatic 3-month extension on a previously filed Form 8868. ~ Return Code 08 09 10 11 12 CATHERINE B. EBERL - THE GUARANTY BUILDING 140 PEARL ST 0 The books areinthecareof I ST'E 100 • If • If box 4 5 6 7 - BUFFALO, NY 14202-4040 Fax No. h # ,.....,.,,.,.,.... ..... . the organization does not have an office or place of business in the United States, check this box . If this is for the whole group, check this this is for a Group Return, enter the organization's four digit Group Exemption Number (GEN) h ~.If it is for part of the group, check this box ~ ~ and attach a list with the names and EINs of all members the extension is for. NOVEMBER 15, 2016, I request an additional 3-month extension of time until , and ending For calendar year 2015 , or other tax year beginning LJ Final return 1__1 initial return If the tax year entered in line 5 is for less than 12 months, check reason: £ Change in accounting period State in detail why you need the extension Telephone No. ~ 716-848-1404 ADDITIONAL TIME IS NEEDED TO FILE A COMPLETE AND ACCURATE RETURN. 88 b c If this application is for Forms 990-BL, 990·PF, 990-T, 4720, or 6069, enter the tentative tax, less any nonrefundable credits. See instructions. Ba $ 2,800. If this application is for Forms 990·PF, 990-T, 4720, or 6069, enter any refundable credits and estimated tax payments made. Include any prior year overpayment allowed as a credit and any amount paid previously with Form 8868. Balance due. Subtract line 8b from line 8a. include your payment with this form, if required, by using EFTPS (Electronic Federal Tax Payment System). See instructions. 8b $ 2,800. 8c $ 0• Signature and Verification must be completed for Part 11 only. Under penalties of perjury, I declare that I have examined this form, including accompanying schedules and statements, and to the best ot my knowledge and belief, it is true, correct, and complete, and thgt lan~thori~d to prepare this form. Signature h l~(Cr,A ~~ 04(*-'6455'~ Title h CPA AS AGENT Date I gtls '14 Forrd8868 28,030. <86,329.> <5,007.> 40,480. 267,743. 517,084. 1,827,514. 506,422. 248,091. 545,114. 1,741,185. 501,415. 40,480. Complete only for assets showing gain in column (h) and owned by'he foundation on 12/31/69 (j) Ad justed basis (k) Excess of col. (i) (i) F.M.V. as of 12/31/69 (c) Date acquired P - Purchase D - Donation Page 3 as of 12/31/69 (1) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col. (h)) over col. (j), if any a <19,652.> e 28,030. <86,329.> <5,007.> 40,480. ~ < If gain, also enter in Part 1, line 7 2 Capital gain net inco.me or (net capital loss) 2 <42,478.> If (loss), enter -0- in Part 1, line 7 3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6): If gain, also enter in Part 1, line 8, column (c). N/A If(loss),enter-0-in Part & line 8. Part V ~ Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income (For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.) If section 4940(d)(2) applies, leave this part blank. ~ Yes fYI No Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part. 1 Enter the appropriate amount in each column for each year; see the instructions before making any entries. Base period years Calendar year (or tax year beginning in) 2014 2013 2012 2011 2010 (b) (c) Adjusted qualifying distributions Net value of noncharitable-use assets 309,886. 246,132. 157,349. 139,300. 78,507. Distribution ratio (col. (b) divided by col. (c)) .046753 .037807 .031384 .043601 .027350 6,628,100. 6,510,156. 5,013,672. 3,194,863. 2,870,479. 2 Total ofljne 1, column (1) . 3 Average distribution ratio for the 5-year base period - divide the total on line 2 by 5, or by the number of years 2 186895 3 . 037379 4 Enter the net value of noncharitable-use assets for 2015 from Part X, line 5 4 8 , 067 , 118 . 5 Multiply line 4by line 3 5 301 , 541 . 6 Enter 1% of net investment income (1% of Part 1, line 27b) 6 0. 7 Add lines 5 and 6 7 301 , 541 . 8 Enter qualifying distributions from Part XII, line 4 8 457,250. the foundation has been in existence if less than 5 years 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) 523521 11-24-15 12511010 795314 CRANEFAMFDN 2015.04030 PAUL A. SAFFRIN FOUNDATION CRANEFAl PAUL A. SAFFRIN FOUNDATION 20-8313839 C/O CATHERINE B. EBERL Page 4 Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948 - see instructions) Form 990-PF (2015) Part VI ~ and enter"N/A" online 1. la 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 * Yl and enter 1% of Part l, line 27b . c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part 1, 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 1 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: Ga a 2015 estimated tax payments and 2014 overpayment credited to 2015 > 1 0. 2 3 0. 0. 4 0. 5 0 . 7 8 9 10 11 1 , 400 . , 1,400. Gb b Exempt foreign organizations - tax withheld at source 6c c Tax paid with application for extension of time to file (Form 8868) d Backup withholding erroneously withheld . Gd 7 Total credits and payments. Add lines 6a through Gd 8 Enter any penaltyfor underpayment of estimated tax. Check here ~-1 if Form 2220 is attached . / 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 1,400 . Refunde» 11 Enter the amount of line 10 to be: Credited to 2016 estimated tax 4 1,400. 0 . Part VII-A 1 Statements Regarding Activities la 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)? la Yes No X 1b X 1c X 2 X If the answer is 'Yes' to laor 10, 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-POLfor this year? d Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year: 0. (2) On foundation managers. I $ 0 (1) On the foundation. I $ e Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed on foundation managers. I $ 0 2 Has the foundation engaged in any activities that have not previously been reported to the IRS? -.-1 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? /f "Yes, " attach a conformed copy of the changes 4a Did the foundation have unrelated business gross income of $1,000 or more during the year? b If'Yes," has itfiledatax return on Form 990-Tforthis year? _ .......... __ __ ,...,,. 5' Was there a liquidation, termination, dissolution, or substantial contraction during the year? ..N/A,. 3 X 4a 40 5 X X 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? /f "Yes, * complete Part /4 col. (c), and Part XV '--I 6 7 X X 8b X - Ba Enter the states to which the foundation reports or with which it is registered (see instructions) b 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 asrequired by Genera/ instruction G? /f "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)? /f "Yes," comp/ete ParY X/V 10 Did any persons become substantial contributors during the tax year? if "Yes, attach a schedule listing their names and addresses --IIIJ 9 X 10 X Form 990-PF (2015) 523531 11-24-15 12511010 795314 CRANEFAMFDN 2015.04030 PAUL A. SAFFRIN FOUNDATION CRANEFAl PAUL A. SAFFRIN FOUNDATION 20-8313839 C/O CATHERINE B. EBERL Part VII-A I Statements Regarding Activities (continued) Form 990-PF (2015) Page 5 Yes No 11 At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)? If "Yes," attach schedule (see instructions). 11 X 12 13 X 12 Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges? If 'Yes," attach statement (see instructions) 13 Did the foundation comply with the public inspection requirements for its annual returns and exemption application? X Website address I N/A Telephone no.4716-848-1237 14 The books are in care of ~ CATHERINE B. EBERL Located at ~ THE GUARANTY BUILDING 140 PEARL ST STE 100, BUFFA zip+4 I14202-4040 15 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 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over a bank, ~ 15 1 securities, or other financial account in a foreign country? N/A Yes No X 16 See the instructions for exceptions and filing requirements for FinCEN Form 114. If'Yes," enter the name of the foreign country I Part Vll-B I 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? (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from) Yes No . ~ Yes fYI No Ei Yes III No a disqualified person? 131 Yes Wl No . DE) Yes 0 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? (5) Transfer any income or assets to a disqualified person (or make any of either available ~ Yes 1-XI No 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.) . [13] Yes Ml No b If any answer is 'Yes" to la(1)-(6), did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? Organizations relying on a current notice regarding disaster assistance check here BO 1b 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? _ X .- N/A 10 2 Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private operating foundation defined in section 4942(j)(3) or 4942(j)(5)): a Atthe end of tax year 2015, did the foundation have any undistributed income (lines 6d and 6e, Part Xlll) for tax year(s) beginning III Yes Wl No before 2015? If 'Yes," list the years I , b Are there any years listed in 2a for which the foundation is notapplying 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.) ....... ..... .N/A. 2b c If the provisions of section 4942(a)(2) are being applied to anyof the years listed in 28, list the years here. , 3a Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time Ml Yes F-1 No during the year? b If "Yes," did it have excess business holdings in 2015 as a result of (1)any purchase by the foundation or disqualified persons after May 26,1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3 ) the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, '- Form 4720, to determine ifthefoundation had excess business holdings in 2015.) .....,,., 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 3b 4a m.---1.'---- X X _-1 X 4b Form 990-PF (2015) had not been removed from jeopardy before the first day of the tax year beginning in 2015? 523541 11-24-15 12511010 795314 CRANEFAMFDN 2015.04030 PAUL A. SAFFRIN FOUNDATION CRANEFAl PAUL A. SAFFRIN FOUNDATION 20-8313839 C/O CATHERINE B. EBERL Part Vil-B I Statements Regarding Activities for Which Form 4720 May Be Required (continued) Form 990-PF (2015) 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, Page 6 . [Il Yes [XI No FII Yes 01 No 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? . E Yes M1 No 0 Yes Wl No .[Il Yes Ml No b If any answer is 'Yes" to 5a(1)-(5), did any of the transactions fail to qualify under the exceptions described in Regulations N/A section 53.4945 or in a current notice regarding disaster assistance (see instructions)? N/A expenditure responsibility for the grant? 50 ,0 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 . 0 Yes D No if "Yes," attach the statement required by Regulations section 53.4945-5(d). Ba Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract? . l Yes 01 No 6b b Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? X if "Yes" to 6b, file Form 8870. 7a At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? b If'Yes," did the foundation receive any proceeds or have any net income attributable to the transaction? _ . E-1 Yes OD No N./.A. 70 Part VI11 1 Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees, and Contractors 1 List all officers, directors, trustees, foundation managers and their compensation. (b) Title, and average hours per week devoted (a) Name and address PAUL R. to position TRUSTEE ' SAFFRIN (c) Compensation (d) Conmbumnsto employee benefit plans (If not paid, and deferred enter -0-) (e) Expense accounL other allowances compensation 73 GRAYSTONE LANE 2.00 ORCHARD PARK, NY 14127 GREGORY M. WARD 37,500. 0. 0. 7,500. 0. 0. 0. 0. 0. TRUSTEE 5 RIDGEMONT CT. 1.00 DEARBORN, MI 48124 CATHERINE B. EBERL TRUSTEE THE GUARANTY BUILDING 140 PEARL ST ST 2.00 BUFFALO, NY 14202-4040 2 Compensation of five highest-paid employees (other than those inc luded on line 1). If none, enter "NONE." (b) Title, and average (a) Name and address of each employee paid more than $50,000 hours per week devoted to position (c) Compensation (d) contribuionsto (e) Expense employee benefit plans and deterred compensation accounL other allowances I l 0 NONE Total number of other employees paid over $50,000 Form 990-PF (2015) 523551 11-24-15 12511010 795314 CRANEFAMFDN 2015.04030 PAUL A. SAFFRIN FOUNDATION CRANEFAl PAUL A. SAFFRIN FOUNDATION 20-8313839 C/O CATHERINE B. EBERL Part VI11 1 Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees, and Contractors (continued) Form 990-PF (2015) 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 (b) Type of service Page 7 (c) Compensation NONE 0 I Total number of others receiving over $50,000 for professional services........ Part IX-A ~ Summary of Direct Charitable Activities List the foundation's four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses N/A 2 3 4 Part IX-81 Summary of Program-Related Investments Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount N/A 2 All other program-related investments. See instructions. 3 Total. Add lines 1 through 3 Form 990-PF (2015) 523561 11-24-15 12511010 795314 CRANEFAMFDN 2015.04030 PAUL A. SAFFRIN FOUNDATION CRANEFAl PAUL A. SAFFRIN FOUNDATION Form 990-PF (2015) C/O CATHERINE B. 20-8313839 EBERL Page 8 Part X Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.) 1 a b c d e Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes: Average monthly fair market value of securities Average of monthly cash balances Fair market value of all other assets Total (add lines la, b, and c) Reduction claimed for blockage or other factors reported on lines la and 7,424,617. 763,159 . 1c ld 2,192 . 8,189,968. 2 3 4 s 6 0. 8 , 18 9 , 9 6 8 . 122,850. 8 , 067 , 118 . 403,356. 0· ~161 1c (attach detailed explanation) 2 3 4 5 6 la lb Acquisition indebtedness applicable to line 1 assets Subtract line 2 from line ld Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see instructions) Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4 Minimum investment return. Enter 5% of line 5 Part XI Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here I ~ and do not complete this part) 1 Minimum investment return from Part X, line 6 2a Tax on investment income for 2015 from Part VI, line 5 1 403 , 356 . 2c 3 4 5 6 7 403 ,356. 0 403,356. 0. 403, 356. 12al b income tax for 2015.(Thisdoesnot include the tax from Part VI.) 2b c Add lines 28 and 2b . 3 Distributable amount before adjustments. Subtract line 2c from line 1 4 Recoveries of amounts treated as qualifying distributions . 5 Add lines 3 and 4 . . 6 Deduction from distributable amount (see instructions) 7 Distributable amountas adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 Part XII l Qualifying Distributions (see instructions ) 1 Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes: a Expenses, contributions, gifts, etc. - total from Part 1, column (d), line 26 la 457,25 0. b Program-related investments - total from Part IX-8 .... ... 1b 0 2 Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc., purposes 2 3 Amounts set aside for specific charitable projects that satisfy the: a Suitability test(prior IRS approval required)............ 3a b Cash distribution test (attach the required schedule) __. ,,...,.,,,,.,,..... ...................... 3b 4 Qualifying distributions. Add lines la through 3b. Enter here and on Part V, line 8, and Part XIII, line 4 4 457,250. 5 Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment income. Enter 1% of Partl, line 27b ....,....... ...... .... __ 5 0. 6 Adjusted qualifying distributions. Subtractline 5 from line 4 _ 6 457,250. Note. The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for the section 4940(e) reduction of tax in those years. Form 990-PF (2015) 523571 11-24-15 12511010 795314 CRANEFAMFDN 2015.04030 PAUL A. SAFFRIN FOUNDATION CRANEFAl PAUL A. SAFFRIN FOUNDATION C/O CATHERINE B. Form 990-PF (2015) Part XIII 20-8313839 EBERL Page 9 Undistributed income (see instructions) (a) (b) (c) (d) Corpus Years prior to 2014 2014 2015 1 Distributable amount for 2015 from Part XI, 403,356. line 7 2 Undistributed income, if any, as of the end of 2015: 329,743. a Enter amount for 2014 only b Total for prior years: , 0. 3 Excess distributions carryover, if any, to 2015: aFrom 2010 bFrom 2011 c From 2012 d From 2013 eFrom 2014 f Total of lines 3a through e . 4 Qualifying distributions for 2015 from 457,250. Part Xll, line 4. I $ aApplied 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) dApplied to 2015 distributable amount eRemaining amount distributed out of corpus 5 Excess distributions carryover applied to 2015 329,743. 0. ~ 0. 127,507. 0. 0 . 0. (If an amount appears in column (d), the same amoOnt must be shown in column (a).) 6 Enter the net total of each column as indicated below: a Corpus. Add lines 3<,4c, and 48. Subtract line 5 b Prior years' undistributed income. Subtract line 4b from line 2b 0· c Enter the amount of prior years' undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously 0. assessed d Subtract line 6c from line 6b. Taxable amount - see instructions 0. e Undistributed income for 2014. Subtract line 4a from line 2a. Taxable amount - see instr. f Undistributed income for 2015. Subtract lines 4d and 5 from line 1. This amount must 0. 275,849. be distributed in 2016 7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election 0. may be required --see instructions) 8 Excess distributions carryover from 2010 notapplied on line 5 or line 7 _ 9 Excess distributions carryover to 2016. Subtract lines 7 and 8 from line Ga 10 Analysis of line 9: a Excess from 2011 b Excess from 2012 _ c Excess from 2013. d Excess from 2014 _ e Excess from 2015.. 0 0 . Form 990-PF (2015) 523581 11-24-15 12511010 795314 CRANEFAMFDN 2015.04030 PAUL A. SAFFRIN FOUNDATION CRANEFAl PAUL A. SAFFRIN FOUNDATION C/O CATHERINE B. EBERL Part XIV ~ Private Operating Foundations (see instructions and Part Vll-A, question 9) 20-8313839 Form 990-PF (2015) Page 10 N/A 1 a If the foundation has received a ruling or determination letter that it is a private operating I foundation, and the ruling is effective for 2015, enter the date of the ruling b Check box to indicate whether the foundation is a private operating foundation described in section ......... U 4942(j)(3) or L_J 4642(j)(5) 2 a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for Tax year (a)2015 Prior 3 years (b)2014 (c)2013 (e) Total (d)2012 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 20 not used directly for active conduct of exempt actixities e Qualifying distributions made directly for active conduct of exempt activities. 3 Subtract line 2d from line 2c. 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 "Endowmenf' alternative test - enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed c "supporr 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)(ili) . (3) Largest amount of supportfrom an exempt organization (4) Gross investment income . Part XV ~ Supplementary Information (Complete this part only if the foundation had $5,000 or more in assets at any time during the year-see instructions.) 1 Information Regarding Foundation Managers: a 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).) NONE 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 C6ntribution, Grant, Gift, Loan, Scholarship, etc., Programs: Check here I Yl 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: 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) 523601 11-24-15 12511010 795314 CRANEFAMFDN 2015.04030 PAUL A. SAFFRIN FOUNDATION CRANEFAl PAUL A. SAFFRIN FOUNDATION 20-8313839 C/O CATHERINE B. EBERL Supplementary Information (continued) Form 990-PF (2015) Part XV ~ 3 Grants and Contributions Paid During the Year or Approved for Future Payment If rocipiont ic an individual, 166' p'611 Foundation show any relationship to status of any foundation manager Name and address (home or business) recipient or substantial contributor Purpose of grant or ** contribution Page 11 Amount a Paid during the year NONE DAEMEN COLLEGE CHARITABLE RESTRICTED - CREATION 4380 MAIN ST. EDUCATIONAL 7 AN ENDOWMENT FUND AMHERST, INSTITU FOR THE CENTER FOR NY 14226 SUSTAINABLE COMMUNITIES AND CIVIC HOPE FOR TOMORROW FOUNDATION NONE CHARITABLE UNRESTRICTED FOUNDATION 811 MAPLE ROAD 120,000. WILLIAMSVILLE, NY 14221 MISION EVANGELICA BAUTISTA NONE CHARITABLE UNRESTRICTED EDUCATIONAL 3327609 CASILLA SANTA CRUZ, 289,000. BOLIVIA 48,000. INSTITU Total ~ 3a 457,000. ~ 3b 0. Form 990-PF (2015) b Approved for future payment NONE Total 523611 11-24-15 ** SEE PURPOSE OF GRANT CONTINUATIONS 12511010 795314 CRANEFAMFDN 2015.04030 PAUL A. SAFFRIN FOUNDATION CRANEFAl PAUL A. SAFFRIN FOUNDATION C/O CATHERINE B. Form 990-PF (2015) 1 Part XVI-A 20-8313839 EBERL Page 12 Analysis of Income-Producing Activities Enter gross amounts unless otherwise indicated. 1 Program service revenue: Unrelated business income (a) (b) Business Amount code (e) Exclu jed by section 512.513, or 514 Ell sion code (d) Amount 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 l 14 14 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 15,796. 96,343. 1 property 7 Other investment income 8 Gain or (loss) from sales of assets other 18 than inventory . <42,478.> 9 Net incoilie or (loss) from special events 10 Gross profit or (loss) from sales of inventory 11 Other revenue: a b C d e 0. 69,661. 0. 12 Subtotal. Add columns (b), (d), and (e) 13 Total.Add line 12,columns (b), (d),and (e) ..................................................................................__________ 13 (See worksheet in line 13 instructions to verify calculations.) I Part XVI-B Line No. 7 69,661. Relationship of Activities to the Accomplishment of Exempt Purposes 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). Form 990-PF (2015) 523621 11-24-15 12511010 795314 CRANEFAMFDN 2015.04030 PAUL A. SAFFRIN FOUNDATION CRANEFAl PAUL A. SAFFRIN FOUNDATION 20-8313839 Page 13 C/O CATHERINE B. EBERL Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations Yes No Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of Form 990-PF (2015) Part XVII ~ 1 the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations? a Transfers from the reporting foundation to a noncharitable exempt organization ot la(1) (1) Cash la(2) (2) Other assets.. b Other transactions: lb(1) (1) Sales of assets to a noncharitable exempt organization lb(2) (2) Purchases of assets from a noncharitable exempt organization . lb(3) (3) Rental of facilities, equipment, or other assets lb(4) (4) Reimbursement arrangements . lb(5) (5) Loans or loan guarantees . lb(6) (6) Performance of services or membership or fundraising solicitations 1c employees paid or assets, other lists, mailing equipment, facilities, of Sharing c 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 X X X X X X X X X column (d) the value of the goods, other assets, or services received. (a)Line no. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements N/A 2a Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations described ~ Yes in section 501(c) of the Code (other than section 501(c)(3)) or in section 527? b If'Yes," complete the following schedule. (b) Type of organization (c) Description of relationship (a) Name of organization 1-fl No N/A Under penalties dperjury, 1 declare that I have examined this return, includirg accompanying schedules and statements, and to the best of my knowledge Sign Here and belief, it is , correct, and complete. Declaration @preparer (other than taxpayer) is based on all information of which preparer has any knowledge. TRUSTEE SignatdFe of officer of#65teePrint/Type preparer's name Paid Datd Prepirers signature Title Date 4de(94£9& B-3 ·136 GARRET ALEXIN Preparer Firm's name h CHIAMPOU TRAVIS BESAW & KERSHNER LLP Use Only Firm's address I 45 BRYANT WOODS NORTH AMHERST, NY 14228 Check L_j if May the IHS discuss this return with the preparer shown below (see instr.)? Gl Yes 1 No PTIN self- employed P00601311 Firm's EIN I 16-1468002 Phone no. 716-630-2400 Form 990-PF (2015) 523622 11-24-15 12511010 795314 CRANEFAMFDN 2015.04030 PAUL A. SAFFRIN FOUNDATION CRANEFAl PAUL A. SAFFRIN FOUNDATION Part XV ~ C/O CATHERINE B. Supplementary Information 20-8313839 EBERL 3a Grants and Contributions Paid During the Year Continuation of Purpose of Grant or Contribution NAME OF RECIPIENT - DAEMEN COLLEGE RESTRICTED - CREATION OF AN ENDOWMENT FUND FOR THE CENTER FOR SUSTAINABLE COMMUNITIES AND CIVIC ENGAGEMENT 523655 04-01-15 12511010 795314 CRANEFAMFDN 2015.04030 PAUL A. SAFFRIN FOUNDATION CRANEFAl PAUL'A. 20-8313839 SAFFRIN FOUNDATION C/O CATHERINE STATEMENT INTEREST ON SAVINGS AND TEMPORARY CASH INVESTMENTS FORM 990-PF SOURCE EXETER #5688 IRS M&T BANK TOTAL TO PART I, LINE 3 (C) ADJUSTED NET INCOME (B) NET INVESTMENT INCOME (A) REVENUE PER BOOKS 15,689. 59. 48. 15,689. 59. 48. 15,796. 15,796. DIVIDENDS AND INTEREST FROM SECURITIES FORM 990-PF GROSS AMOUNT SOURCE CAPITAL GAINS DIVIDENDS (A) REVENUE PER BOOKS 1 STATEMENT (B) NET INVESTMENT INCOME 2 (C) ADJUSTED NET INCOME DIVIDEND INCOME EXETER 5686 23,804. 0. 23,804. 23,804. 72,539. 0. 72,539. 72,539. 10,189. 10,189. 0. 0. 30,291. 30,291. 0. 0. 136,823. 40,480. 96,343. 96,343. DIVIDEND INCOME EXETER 5688 EXETER TRUST COMPANY- 5686 CAPITAL GAIN EXETER TRUST COMPANY- 5688 CAPITAL GAIN TO PART I, LINE 4 LEGAL FEES FORM 990-PF (A) EXPENSES PER BOOKS DESCRIPTION LEGAL FEES TO FM 990-PF, PG 1, LN 16A STATEMENT (B) NET INVESTMENT INCOME (C) ADJUSTED NET INCOME 3 (D) CHARITABLE PURPOSES 18,928. 18,928. 0. 18,928. 18,928. 0. STATEMENT(S) 1, 2, 3 12511010 795314 CRANEFAMFDN 2015.04030 PAUL A. SAFFRIN FOUNDATION CRANEFAl PAUL' A. 20-8313839 SAFFRIN FOUNDATION C/O CATHERINE STATEMENT OTHER PROFESSIONAL FEES FORM 990-PF (A) EXPENSES PER BOOKS DESCRIPTION (B) NET INVESTMENT INCOME (C) ADJUSTED NET INCOME 4 (D) CHARITABLE PURPOSES EXETER INVESTMENT MANAGEMENT - 5686 11,521. 11,512. 0. 27,318. 27,318. 0. 2,417. 2,417. 0. 5,720. 5,720. 0. 46,976. 46,967. 0. EXETER INVESTMENT MANAGEMENT - 5688 EXETER TRUSTEE/AGENCY 5686 EXETER TRUSTEE/AGENCY 5688 TO FORM 990-PF, PG 1, LN 16C FORM 990-PF TAXES (A) EXPENSES DESCRIPTION PER BOOKS NEW YORK STATE FEE STATEMENT (B) NET INVESTMENT INCOME (C) ADJUSTED 5 (D) CHARITABLE PURPOSES NET INCOME 250. 0. 250. 1,087. 1,087. 0. 1,029. 1,029. 0. 2,366. 2,116. 250. EXETER- 5686 - FOREIGN TAXES PAID EXETER- 5688 - FOREIGN TAXES PAID TO FORM 990-PF, PG 1, LN 18 FORM 990-PF CORPORATE STOCK STATEMENT 6 FAIR MARKET DESCRIPTION BOOK VALUE EQUITIES TOTAL TO FORM 990-PF, PART II, LINE 108 VALUE 4,487,871. 4,487,871. 4,487,871. 4,487,871. STATEMENT(S) 4, 5, 6 12511010 795314 CRANEFAMFDN 2015.04030 PAUL A. SAFFRIN FOUNDATION CRANEFAl PAUL A. 20-8313839 SAFFRIN FOUNDATION C/O CATHERINE VALUATION METHOD DESCRIPTION COST COST BONDS ATHERTON FARMS TOTAL TO FORM 990-PF, STATEMENT OTHER INVESTMENTS FORM 990-PF PART II, LINE 13 FORM 990-PF FAIR MARKET VALUE BOOK VALUE 2,698,300. 800,159. 2,698,300. 800,159. 3,498,459. 3,498,459. STATEMENT OTHER LIABILITIES COLLEEN A. CRANE 2007 CHARITABLE LEAD TRUST JAMES D. CRANE, JR. 2007 CHARITABLE LEAD TRUST CAROLE E. SAFFRIN 2007 CHARITABLE LEAD TRUST TOTAL TO FORM 990-PF, PART II, LINE 22 8 EOY AMOUNT BOY AMOUNT DESCRIPTION 7 0. 37,477. 0. 74,954. 0. 74,954. 0. 187,385. STATEMENT(S) 7, 8 12511010 795314 CRANEFAMFDN 2015.04030 PAUL A. SAFFRIN FOUNDATION CRANEFAl . RENAMING OF FOUNDATION From the Crane Family Foundation to the Paul A. Saffrin Foundation RECITALS: A. By a trust agreement effective January 4,2007 (the "Agreement"), J. Donald Crane, as Grantor, created the Crane Family Foundation, with J. Donald Crane, Paul A. Saffrin, Mary Crane Kot, and Todd M. Joseph, as Trustees. B. Pursuant to Section 8.3 of the Agreement, the Agreement was amended, effective December 19,2008. C. Section 8.1 of the Agreement provides that: The Trust herein created shall be described and known as the "CRANE FAMILY FOUNDATION." The Trustees, in their discretion, may change lhe name of the trust in its entirety, or add appropriate words of description, whenever necessary or desirable for lhe purpose of further identification. D. The Trustees acting under the Agreement are now Paul A. Saffrin, Gregory M. Ward, and Catherine B. Eberl. E. The Trustees unanimously wish to change the name of the foundation from the Crane Family Foundation to the Paul A. Saffrin Foundation. NOW, THEREFORE, the Trustees hereby change the name of the foundation from the Crane Family Foundation to the Paul A. Saffrin Foundalion, effective immediately, Further, the Trustees hereby delegate authority to Catherine B. El)crl as Trustee, to take all further and necessary steps to implement the name change. Date signed: ~//~ /~s«. , 2016 Paul A. Saffrin, Ttlistee 21 Date signed: , 2016 1' wy VV V Gregory IVE--Ward, Trustee Dalc signed: 9 /3K , 2016 V ' -\Vj/- 4 H6ferine B. fberl, Trustee STATE OF NEW YORK ) COUNTY OF ERIE ) SS.: On the 0/LO day of ~f olen, 60-€_, in the year 2016, before me, the undersigned, a notary public in and for satd state, personally appeared PAUL A. SAFFRIN, personally known to me or proved lo me on the basis of satisfactory evidence to be the individual whose name is subscribed to the within instrument and acknowledged to me thal he executed the same in his capacity, and that by his signature on the instrument, the individual, or the person upon behalf of which the individual acted, executed ihc instrument. /3 Notary Public NICOLE EASTON STATE OF NOTARY PUBLIC, STATE OF NEW YORK NO. 01 EA6308634 W) i' Lki25,0.A,4 QUALIFIED INERIE COUNTY 1 My Cor,nission Expires July 28, 2018 SS.: COUNTY OF \A) ~ v\£ ) On the 621 6(lay of Stlpt€Mlot r , in the year 2016, before me, the undersigned, a notary public in and for said state, personally appeared GREGORY M. WARD, personally known to me or proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his capacity, and that by his signature on the instrument, the individual, or the person upon behalf of which lhe individual acted, executed the»strument. Not~zP661Tc NAJLA ITANI Notary Public, State of Michigan County of Wayne My Commission Expires June 5, 20'16~ STATE OF NEW YORK ) COUNTY OF ERIE ) SS.: On theS~nd. day of .~5*k>Y)651' , in the year 2016, before me, the undersigned, a notary public in and for said state, personally appeared CATHERINE B. EBERL, personally known to me or proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the within instrument and acknowledged to me thal she executed the same in her capacity, and that by her signature on the instrument, the individual, or the person upon behalf of which the individual acted, executed the instrument. AdE y Public / AARA.4/~/1/14_»- vv . KI~ MARINELLI B«*aB Anlic. St- of New York n Ou-,d In Erle County W,Commss\onE,*es»,27.201-3 048621.00000 BuNiness 15351053vl I , Paul A. Saffrin Foundation EIN: 20-8313839 Attachment to 2015 Form 990-PF Schedule for Part VII-A, line 11 Atherton Farms LLC 2350 North Forest Road Getzville, NY 14068 EIN: 32-0482344 The controlled entity is not an excess business holding. 048621.00000 Business 15415754vt , 7 APER WITHIN P COPY OF EIVED REC 2016 NOV 15 ERAL EY GEN TTORN A E H T FICE OF ITIES BUREAU NYS OF CHAR V