Send with fee and attachments to: NYS Office of the Attorney General Charities Bureau Registration Section 120 Broadway New York, NY 10271 CHAR500 NYS Annual Filing for Charitable Organizations www.CharitiesNYS.com 2016 Open to Public Inspection N.General-Informatioril For Fiscal Year Beginning (mm/dd/yyyy) 01/01/2016 Check if Applicable: ~ Address Change Name of Organization: F-1 Name Change Fl initial Filing ~ Final Filing Mailing Address: City / State / ZIP: ~ Amended Filing F--1 Reg ID Pending Website: PAUL A. and Ending (mm/dd/yyyy) 12/31/2016 Employer Identification Number (EIN): SAFFRIN FOUNDATION C/O CATHERINE 20-8313839 NY Registration Number: 140 PEARL ST, NO. 40-52-83 100 Telephone: BUFFALO, NY 716 848-1237 14202 Email: N/A Check your organization's ~-1 7A only registration category: ~ EPTL only ~ DUAL (7A & EPTL) ~ EXEMPT Confirm your Registration Category in the Charities Registry at www.CharitiesNYS.com 2. Certification , See instructions for certification re uirements. Im ro er certification is a violation of law that ma be sub ect to enalties. 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 law f the State of New York applicable to this report. CATHERINE B. EBERL TRUSTEE President or Authorized Officer: ature Print Name and Title Dat 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. ~ 3a. 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). ~ 3b. 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 ~ 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. ~ Yes ~ No 4b. Did the organization receive government grants? If yes, complete Schedule 4b. schedules and attachments to complete your filing. 5. Fee See the checklist on the next page to calculate your 7A filing fee: Total fee: EPTL filing fee: Make a single check or money order payable to: fee(s). Indicate fee(s) you are submitting here: 668451 12-29-16 1019 $ $ $ 250. 250. !REREtment-ELLEYE CHAR500 Annual Filing for Charitable Organizations (Updated December 2016) 10001113 795314 CRANEFAMFDN Page 1 3 2016.04030 PAUL A. SAFFRIN FOUNDATION CRANEFAl 1 , 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 you 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. - ' eliey}kp#fj?1_52?#dul@s arid_Attaqt'mejjth] 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) EJJ 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: El Review Report if you received total revenue and support greater than $250,000 and up to $750,000. ~ Audit Report if you received total revenue and support greater than $750,000 ~ 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 YaiP Feel Is my Registration Category 7A, EPTL, DUAL or EXEMPT? Organizations are assigned a Registration Category upon For 7A and DUAL filers, calculate the 7A fee: registration with the NY Charities Bureau: ~ $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") 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 $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 EPTL filers are registered under the Estates, Powers & Trusts Law ('EPTL") because they hold assets and/or conduct activities for charitable purposes in NY. DUAL filers are registered under both 7A and EPTL. 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 I find my organization's NET WORTH? NET WORTH for fee purposes is calculated on: - IRS Form 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 11, line 16(c)) and Total Liabilities (Part 11, line 23(b)). -- Send your CHAR500, all schedules and attachments, and total fee to: - NYS Office of the Attorney General Charities Bureau Registration Section 120 Broadway New York, NY 10271 668461 12-29-16 1019 CHAR500 Annual Filing for Charitable Organizations (Updated December 2016) Page 2 4 10001113 795314 CRANEFAMFDN 2016.04030 PAUL A. SAFFRIN FOUNDATION CRANEFAl EXTENDED TO NOVEMBER 15, 2017 2016 or Section 4947(a)( 1) Trust Treated as Private Foundation ~ Do not enter social security numbers on this form as it may be made public. I Information about Form 990-PF and its se arate instructions is at www.irs.gov/form990pf Department of the Treasury Internal Revenue Service , and ending For calendaryear 2016 ortax yearbeginning A Employer identification number Name of foundation PAUL A. SAFFRIN FOUNDATION 20-8313839 EBERL C/O CATHERINE B. Room/suite Number and street (or P.O. box number if mail is not delivered to street address) C If exemption application is pending, check here ...~ 14202 NY D 1. Foreign organizations, check here Initial return of a former public charity F7 Amended return Initial return G Check all that apply: E-1 Final return E-1 Address change F7 Name change private foundation exempt 501(c)(3) Section organization: of H Check type F7 Section 4947(a)(1) nonexempt charitable trust E-1 Other taxable private foundation Cash 1 Fair market value of all assets at end of year J Accounting method: 4 ,m 2. Foreign organizations meeting the 85% test, ,E check here and attach computation E If private foundation status was terminated under section 507(b)(1)(A), check here .,0 Accrual F If the foundation is in a 60-month termination E-1 Other ( specify) (from Part ll, col. (c), line 16) ,$ B Telephone number 716-848-1237 100 140 PEARL ST City or town, state or province, country, and ZIP or foreign postal code BUFFALO, OMB No. 1545-0052 Return of Private Foundation Form 990-PF under section 507( b )( 1 )( B ), check here 8 , 143 , 462 .(Part 1, column (d) mustbeoncashbasis.) Part I g~~oytal,EofMLms :tju~n ~b)»h a~d (d) may not necessarily equal the amounts in column (a).) . 3 Check 400 itthe foundation is not required to attach Sch. B Interest on savings and temporary cash investments .. .. .... 4 Dividends and interest from securities 23,837. 81,747. (d) Disbursements for charitable purposes (cash basis only) (c) Adjusted net (b) Net investment income income 661,550. 1 Contributions, gifts, grants, etc., received 2 (a)Revenue and expenses per books N/A TATEMENT 1J TATEMENT 2 1 23,837. 81,747. 5a Gross rents Revenue b Net rental income or (loss) 6a Net gain or (loss) from sale of assets not on line 10 b Gross sales price for all assets on line 6a . . <31,277. TATEMENT 3 3,542,320. 7 0 Capital gain net income (from Part IV, line 2) 8 Net short-term capital gain 9 Income modifications Gross sales less returns 10a and allowances b Less: Cost of goods sold c Gross profit or (loss) 11 Other income 12 Total. Add lines 1 through 11 13 735,857. 50,000. 105,584. 50,000. 0 4 STMT 5 STMT 6 5,235. 2,700. 51,609. 5,235. 2,700. 51,609. 0 0 0 STMT 7 4,031. 2,356. 2,682. 0. 116,257. 313,000. 111,900. 429,257. 111,900. Compensation of officers, directors, trustees, etc. Operating and Administrative Expenses 14 Other employee salaries and wages 15 Pension plans, employee benefits STMT 16a Legal fees ..~ b Accounting fees .. c Other professional fees . 17 Interest 18 Taxes....... 19 Depreciation and depletion 250. 20 Occupancy 21 Travel, conferences, and meetings 22 Printing and publications 23 Other expenses STMT .8 24 Total operating and administrative expenses. Add lines 13 through 23 25 Contributions, gifts, grants paid ... 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 0 250. 313,000. 313,250. 306,600. b Net investment income (if negative, enter -O-) c Adjusted net income (if negative, enter -0-).. 623501 11-23-16 LHA For Paperwork Reduction Act Notice, see instructions. 10001113 795314 CRANEFAMFDN 2016.04030 PAUL A. N/A Form 990-PF (2016) SAFFRIN FOUNDATION CRANEFAl PAUL A. SAFFRIN FOUNDATION Form 990-PF 2016 [-Partli C/O CATHERINE B. Balance Sheets 20-8313839 EBERL Page 2 End of year (c) Fair Market Value (b)Book Value Beginning of year Attached schedulesand amountsin the description column should be forend-of-yearamounts only. (a)Book Value 2. 1 Cash - non-interest-bearing 2 Savings and temporary cash investments 328,866. 489,714. 489,714. STMT 9 4,487,871. 5,104,074. 5,104,074. STMT 10 3,498,459. 2,549,674. 2,549,674. 8,315,198. 8,143,462. 8,143,462. 3 Accounts receivable I Less: allowance for doubtful accounts ~ 4 Pledges receivable I Less: allowance for doubtful accounts I 5 Grants receivable 6 Receivables due from officers, directors, trustees, and other disqualified persons Assets 7 Othernotesandloansreceivable ......... Less: allowance for doubtful accounts I 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 Investments-land, buildings,and equipment:basis ..~.~. ~~ .I Less: accumulated depreciation..... 12 Investments - mortgage loans 13 Investments - other . 14 Land, buildings, and equipment basis I Less: accumulated depreciation . ) 15 Other assets (describe I 16 Total assets (to be completed by all filers - see the instructions. Also, see page 1, item I Liab ties 17 Accounts payable and accrued expenses 18 Grants payable 19 Deferred revenue 20 Loans from officers, directors, trustees, and other disqualified persons 21 Mortgages and other notes payable 22 Other liabilities (describe I STATEMENT 11) Net Assets or Fund Balances 23 Total liabilities add lines 17 through 22 Foundations that follow SFAS 117, check here 187,385. 0 187,385. 0 ~ and complete lines 24 through 26 and lines 30 and 31. 24 Unrestricted ..... ~. 25 Temporarily restricted 26 Permanently restricted Foundations that do not follow SFAS 117, check here , EX] and complete lines 27through 31. 27 28 29 30 Capital stock, trust principal, or currentfunds , Paid-in or capital surplus, or land, bldg., and equipmentfund Retained earnings, accumulated income, endowment, or other funds ~ Total net assets or fund balances 0. 0. 0. 8,127,813. 8,127,813. 8,143,462. 8,143,462. 31 Total liabilities and net assets/fund balances 8,315,198. 8,143,462. 1-partilll Analysis of Changes in Net Assets or Fund Balances 1 Total net assets or fund balances at beginning of year - Part 11, column (a), line 30 (must agree with end-of-year figure reported on prior year's return) 1 8,127,813. 2 Enter amount from Fart 1, line 27a 3 Other increases not included in line 2 (itemize) 4 4 Addlines 1,2,and3 2 3 306,600. 0. 4 8,434,413 . 5 Decreases not included inline 2 (itemize) h CHANGE IN UNREALIZED GAIN/LOSS 5 290,951. 6 Total net assets or fund balances at end of year line 4 minus line 5 - Part 11, column b, line 30 6 8 ,143 ,462. Form 990-PF (2016) 623511 11-23-16 10001113 795314 CRANEFAMFDN 2016.04030 PAUL A. SAFFRIN FOUNDATION CRANEFAl PAUL A. SAFFRIN FOUNDATION 20-8313839 C/O CATHERINE B. EBERL Capital Gains and Losses for Tax on Investment Income Form 990-PF (2016) Part IV ow acquire (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.) (d) Date sold (c) Date acquired - Purchase D - Donation Page 3 (mo., day, yr.) (mo., day, yr.) la EXETER TRUST COMPANY - 5686 SHORT TERM b EXETER TRUST COMPANY - 5686 LONG TERM c EXETER TRUST COMPANY - 5688 SHORT TERM d EXETER TRUST COMPANY - 5688 LONG TERM e CAPITAL GAINS DIVIDENDS (e) Gross sales price e (e) plus (f) minus (g) plus expense of sale (or allowable) 11,777. <5,833.> 4,191. <49,650.> 8,238. 136,908. 529,656. 514,383. 1,627,034. 148,685. 523,823. 518,574. 1,577,384. 8,238. a (h)Gain or (loss) (g) Cost or other basis (f) Depreciation allowed Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (k) Excess of col. (i) (j) Adjusted basis (i) F.M.V. as of 12/31/69 over col. (j), if any as of 12/31/69 (1)Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col. (h)) 11,777. <5,833.> 4,191. <49,650.> 8,238. a e < If gain, also enter in Part 1, line 7 2 Capital gain net income or (net capital loss) <31,277.> 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). If loss enter -0- in Partl ua i lcation Part V n er ection 90e or e uce ax on 3 et nvestment ncome N/A (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 III 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 com lete this art. 1 Enter the appropriate amount in each column for each year, see the instructions before making any entries. a (b) (c) Base period years Net value of noncharitable-use assets Adjusted qualifying distributions Calendar year (or tax year beginning in) 2015 2014 2013 2012 2011 457,250. 309,886. 246,132. 157,349. 139,300. Distribution ratio (col. (b) divided by col. (c)) .056681 .046753 .037807 .031384 .043601 8,067,118. 6,628,100. 6,510,156. 5,013,672. 3,194,863. 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 ,. 4 Enter the net value of noncharitable-use assets for 2016 from Part X, line 5 2 216226 3 .043245 4 8 , 218 , 417 . 355,405. 5 Multiply line 4by line 3 6 Enter 1% of net investment income (1% of Part 1, line 27b) 6 0. 7 Add lines 5 and 6 7 355,405. 8 Enter qualifying distributions from Part XII, line 4 8 3 1 3 , 2 50 . 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 (2016) 623521 11-23-16 10001113 795314 CRANEFAMFDN 2016.04030 PAUL A. SAFFRIN FOUNDATION CRANEFAl PAUL A. SAFFRIN FOUNDATION 20-8313839 Page 4 C/O CATHERINE B. EBERL Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948 - see instructions) Form 990-PF 2016 Part VI and enter "N/A" on line 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 I El and enter 1% of Part 1, 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 land 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 b c d 7 8 Ba - 0. 0 0. 0. 7- --- -i, 400-. * 8 9 10 1,400. 1,400 . Refunde» 11 0 . / 9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed Part VII-A 2 3 4 5 1,400. 6b Exempt foreign organizations - tax withheld atsource ............ 6c Tax paid with application for extension of timeto file (Form 8868) Gd Backup withholding erroneously withheld Total credits and payments. Add lines 6a through 6d Enter any penalty for underpayment of estimated tax. Check here ~-1 if Form 2220 is attached 10 Overpayment. Ifline 7 is more than the total oflines 5 and 8, enter the amount overpaid 11 Enter the amount of line 10 to be: Credited to 2017 estimated tax I 0. 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 la 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)? Yes No X 1b X le X 2 X 3 4a X X If the answeris "Yes' tola orlb, attach a detailed description of the activities and copies of any materials published or distributed by the foundation in connection with the activities. c Did the foundation file Form 1120-POL for this year? d Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year: 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? 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? N/A b If'Yes," has it filed a tax return on Form 990-T for this year? 4b X 5 5 Was there a liquidation, termination, dissolution, or substantial contraction during the year? 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 Didthefoundationhaveatleast $5,000 inassetsatanytimeduringtheyear?/f " Yes," complete Part 11, col. (c), and Part XV 6 X 7 X 8b X Ba Enter the states to which the foundation reports or with which it is registered (see instructions) I 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 Genera/ /nstmction G? /f "No, " attach exp/anation 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 2016 or the taxable year beginning in 2016 ( see instructions for Part XIV)? If "Yes," complete Part XIV 10 Did any persons become substantial contributors during the tax year? If ·Yes, attach a schedule listing their names and addresses 9 X X 10 Form 990-PF (2016) 623531 11-23-16 10001113 795314 CRANEFAMFDN 2016.04030 PAUL A. SAFFRIN FOUNDATION CRANEFAl PAUL A. SAFFRIN FOUNDATION 20-8313839 C/O CATHERINE B. EBERL Part VII-A Statements Regarding Activities (continued) Form 990-PF 2016 Page 5 Yes No At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)? If 'Yes," attach schedule (see instructions) 12 Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges? 11 If 'Yes," attach statement (see instructions) 13 Did the foundation comply with the public inspection requirements for its annual returns and exemption application? 11 X 12 13 X X Website address I N/A Telephone no. *716-848-1237 14 The books are in care of $ CATHERINE B. EBERL Located at I 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 15 16 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 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 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? (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? (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 No . ~ Yes 1*1 No Fl Yes [*1 No ~ Yes [*1 No EXI Yes E-3 No Ei Yes IXI 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.) El Yes [*11 No b If any answer is 'Yes"to la(1)-(6),did anyof 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 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 WO before the first day of the tax year beginning in 2016? 1b X la X 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 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 ~-1 Yes [*1 No before 2016? 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 N/A statement - see instructions.) 2b c If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here. 3a Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time 1[Xl Yes E--1 No during the year? b If '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, Form 4720, to determineif the foundation had excessbusiness holdings in 2016.) . 4a Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? Sb 4a X X b Did the foundation make any investment in a prior year (but after December 31,1969) that could jeopardize its charitable purpose that X 4b Form 990-PF (2016) had notbeen removed from jeopardy before the first day of the tax year beginning in 2016? 623541 11-23-16 10001113 795314 CRANEFAMFDN 2016.04030 PAUL A. SAFFRIN FOUNDATION CRANEFAl PAUL A. SAFFRIN FOUNDATION 20-8313839 C/O CATHERINE B. EBERL Part VII-B Statements Regarding Activities for Which Form 4720 May Be Required (continued) Form 990-PF 2016 5a During the year did the foundation pay or incur any amount to: (1) Carry on propaganda, or otherwise attemptto 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? . (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 ofcruelty tochildren or animals? ..... ...... . ........ ...... Page 6 . F--n Yes 131 No .F-1 Yes FYI No . £ Yes 1~Yl No ~ Yes FY No 1~1 Yes Ffl 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)? Organizations relying on a current notice regarding disasterassistance check here 6 5 ,0 _ .. c If the answer is 'Yes" to question 5a(4), does the foundation claim exemption from the tax because it maintained N/A expenditure responsibility for the grant? E-1 Yes F7 No If "Yes," attach the statement required by Regulations section 53.4945-5(d) 6a Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract? b 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 transaction? . E-1 Yes [*1 No 6b X ~ Yes 131 No b If "Yes " did the foundation receive any proceeds or have any net income attributable to the transaction? Part VIll Information About Officers, Directors, Trustees, Foundation Managers, Highly N/A 7b 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 to position PAUL R. (c) Compensation (If notpaid, (e) Expense Contributions to employee benefit plans and deterred compensation accounL other 42,500. 0. 0. 7,500. 0. 0. 0. 0. 0. enter -0-) allowances RUSTEE SAFFRIN 73 GRAYSTONE LANE 2.00 ORCHARD PARK, NY 14127 GREGORY M. WARD RUSTEE 5 RIDGEMONT CT. 1.00 DEARBORN, MI 48124 CATHERINE B. EBERL RUSTEE THE GUARANTY BUILDING 140 PEARL ST S BUFFALO, NY 14202-4040 2.00 2 Compensation of five highest-paid employees (other than those included on line 1). If none, enter "NONE." (b) Title, and average hours per week (c) Compensation (a) Name and address of each employee paid more than $50,000 devoted to position Contributions to employee benefit plans and deferred compensation (e) Expense account, other allowances NONE 0 Form 990-PF (2016) Total number of other employees paid over $50,000 623551 11-23-16 10001113 795314 CRANEFAMFDN 2016.04030 PAUL A. SAFFRIN FOUNDATION CRANEFAl PAUL A. SAFFRIN FOUNDATION 20-8313839 C/O CATHERINE B. EBERL Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees, and Contractors (continued) Form 990-PF 2016 Part VIll Page 7 3 Five highest-paid independent contractors for professional services. If none, enter "NONE." (b) Type of service (a) Name and address of each person paid more than $50,000 (c) Compensation NONE 0 Total number of others receiving over $50,000 for professional services_ ummary o Part IX-A Irect arita e ctivities 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-B 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 throu h3 Form 990-PF (2016) 623561 11-23-16 10001113 795314 CRANEFAMFDN 2016.04030 PAUL A. SAFFRIN FOUNDATION CRANEFAl PAUL A. SAFFRIN FOUNDATION Form 990-PF 2016 C/O CATHERINE B. 20-8313839 EBERL Page 8 1-part-XI 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,andc) Reduction claimed for blockage or other factors reported on lines la and Part XI 1 2a b c 3 4 5 6 7 7,503,122. 382,976. 457,473. 8,343,571. 2 3 4 5 0. 8 ,343,571. 125,154. 8 , 218 , 417 . 6 410 , 921. 0. le 1c (attach detailed explanation) _ 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 2 3 4 5 6 la lb le ld Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here h ~-1 and do not complete this part) Minimum investment return from Part X, line 6 2a Tax on investment income for 2016 from Part VI, line 5 20 Income tax for 2016. (This does not include the tax from Part VI.) . Add lines 2a and 20 Distributable amount before adjustments. Subtract line 2c from line 1 Recoveries of amounts treated as qualifying distributions Add lines 3 and 4 .. Deduction from distributable amount (see instructions) Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part Xill. line 1 1 410,921. 20 3 4 0 410,921. 0. 6 410,921. 0. 410,921. 7 1-fartxil Qualifying Distributions (see instructions) 1 a b 2 3 a b 4 5 6 Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes: Expenses, contributions, gifts, etc. - total from Part 1, column (d), line 26 Program-related investments - total from Part IX-8 Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc., purposes . Amounts set aside for specific charitable projects that satisfy the: Suitability test(prior IRSapproval required)........ _ Cash distribution test (attach the required schedule) Qualifying distributions. Add lines la through 3b. Enter here and on Part V, line 8, and Part Xlll, line 4. Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment la 1b 2 38 3b 4 313,250. 0 . 313,250. 0 • 5 income. Enter 1% of Part l, line 27b ........_ 313 , 250. 6 Adjusted qualifying distributions. Subtract line 5 from line 4 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 (2016) 623571 11-23-16 10001113 795314 CRANEFAMFDN 2016.04030 PAUL A. SAFFRIN FOUNDATION CRANEFAl PAUL A. SAFFRIN FOUNDATION Form 990-PF 2016 [-Part-Xm C/O CATHERINE B. 20-8313839 EBERL Undistributed Income (see instructions) (a) (b) (c) (d) Corpus Years prior to 2015 2015 2016 1 Distributable amount for 2016 from Part XI, line 7 2 Page 9 410,921. Undistributed income, if any, as of the end of 2016: 275,849. a Enter amount for 2015 only b Total for prior years: 0 3 Excess distributions carryover, if any, to 2016: a From b From c From d From 2011 2012 2013 2014 e From 2015 f Total oflines 3athroughe . 4 Qualifying distributions for 2016 from 313,250. Part Xll, line 4: I $ aApplied 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) dApplied to 2016 distributable amount eRemaining amount distributed out of corpus 5 275,849. 0 0 37,401. 0 Excess distributions carryover applied to 2016 (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 3f, 4c, and 4e. Subtract line 5 b Prior years' undistributed income. Subtract 0 line 4b from line 2b .........~.... ~ c Enter the amount of prior years' undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously 0 assessed 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 • 373,520. be distributed in 2017 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) __ 0. 8 Excess distributions carryover from 2011 notappliedon line 5 orline 7 ____,~ 9 Excess distributions carryover to 2017. Subtract lines 7 and 8 from line 6a iO Analysis of line 9: a Excess from 2012 b Excess from 2013 . c Excess from 2014 d Excess from 2015 . e Excess from 2016, 623581 0. 0. Form 990-PF (2016) 11-23-16 10001113 795314 CRANEFAMFDN 2016.04030 PAUL A. SAFFRIN FOUNDATION CRANEFAl PAUL A. SAFFRIN FOUNDATION Form 990-PF (2016) C/O CATHERINE B. 20-8313839 EBERL Part XIV Private Operating Foundations (see instructions and Part VII-A, question 9) Page 10 N/A 1 a If the foundation has received a ruling or determination letter that it is a private operating foundation, andthe ruling is effective for 2016, enterthe date of the ruling . , b Check box to indicate whether the foundation is a private operating foundation described in section Prior 3 years Tax year 2 a Enter the lesser of the adjusted net income from Part I orthe minimum investment return from Part X for (b)2015 (a)2016 4942(j)(3) or (c)2014 4942(j)(5) (e) Total (d)2013 each year listed b 85% of line 2a c Qualifying distributions from Part XII, line 4 for each year listed d Amounts included in line 2c not used directly for active conduct of exempt activities . e Qualifying distributions made directly for active conduct of exempt activities. 3 Subtract line 2d from line 20 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 support from an exempt organization 4 Gross investment income ....... Supplementary Information (Complete this part only if the foundation had Part XV ,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 Contribution, Grant, Gift, Loan, Scholarship, etc., Programs: Check here * [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 (2016) 623601 11-23-16 10001113 795314 CRANEFAMFDN 2016.04030 PAUL A. SAFFRIN FOUNDATION CRANEFAl PAUL A. SAFFRIN FOUNDATION 20-8313839 C/O CATHERINE B. EBERL Supplementary Information (continued) Form 990-PF 2016 Part XV 3 Grants and Contributions Paid During the Year or Approved for Future Pa ment If recipient is an individual, Recipient Foundation show any relationship to Name and address (home or business) any foundation manager or substantial contributor status of recipient Purpose of grant or ** Page 11 Amount contribution a Paid during the year ONE DAEMEN COLLEGE ESTRICTED - CREATION HARITABLE 4380 MAIN ST. DUCATIONAL F AN ENDOWMENT FUND AMHERST, NY 14226 NSTITU OR THE CENTER FOR USTAINABLE OMMUNITIES AND CIVIC MISION EVANGELICA BAUTISTA 3327609 CASILLA SANTA CRUZ, BOLIVIA ONE 289,000. RESTRICTED HARITABLE DUCATIONAL 24,000. NSTITU I 3a Total b Approved for future payment 313,000. NONE Total , 3b o. Form 990-PF (2016) 623611 11-23-16 ** SEE PURPOSE OF GRANT CONTINUATIONS 10001113 795314 CRANEFAMFDN 2016.04030 PAUL A. SAFFRIN FOUNDATION CRANEFAl PAUL A. SAFFRIN FOUNDATION C/O CATHERINE B. Form 990-PF 2016 [-Part-XVi-A 20-8313839 EBERL Page 12 Analysis of Income-Producing Activities Enter gross amounts unless otherwise indicated. nre a e (a) Business 1 Program service revenue: code usiness income (e) Excluded by section 512,513, or 514 C Excu- (b) Amount 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 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 14 14 23,837. 81,747. 18 <31,277. property 7 Other investment income 8 Gain or (loss) from sales of assets other than inventory . 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) .... 13 Total. Add line 12,columns (b),(d),and (en _______ .. See worksheet in line 13 instructions to verify calculations. -Part XVI-5 Line No. 0. 0. 74,307 . 74,307. 13 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 (2016) 623621 11-23-16 10001113 795314 CRANEFAMFDN 2016.04030 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 (2016) 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 of: (1) Cash . (2) Other assets . b Other transactions: (1) Sales of assets to a noncharitable exempt organization (2) Purchases of assets from a noncharitable exempt organization (3) Rental of facilities, equipment, or other assets (4) Reimbursement arrangements (5) Loans orloan guarantees (6) Performance of services or membership or fundraising solicitations c Sharing of facilities, equipment, mailing lists, other assets, or paid employees la(1) la(2) X X lb(1) lb(2) lb(3) lb(4) X X X X 11(5) X lb(6) X le X d If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value in any transaction or sharing arrangement, show in column (d)the value of the goods, other assets, or services received. (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 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 (a) Name of organization F-1 Yes DO No (c) Description of relationship N/A Sign Here Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge tion of preparer ( her than taxpayer) is based on all information of which preparer has any knowledge. e, correct, and complete. Decl and belief, it is TRUSTEE Signature of officer or trustee Print/Type preparer's name Date '~ e-.,el, Title Date ISCUSS IS ay e return with the preparer shown below (see inst.)? Wl Yes d C ec E No PTIN self- employed Paid 11/13/17 ARRET ALEXIN GARRET ALEXIN Preparer Firm's name I CHIAMPOU TRAVIS BESAW & KERSHNER LLP Use Only Firm's address I45 BRYANT WOODS NORTH AMHERST, NY 14228 P00601311 Firm'sEIN ,16-1468002 Phone no. 716-630-2400 Form 990-PF (2016) 623622 11-23-16 10001113 795314 CRANEFAMFDN 2016.04030 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 623655 04-01-16 10001113 795314 CRANEFAMFDN 2016.04030 PAUL A. SAFFRIN FOUNDATION CRANEFAl .. PAUL A. 20-8313839 SAFFRIN FOUNDATION C/O CATHERINE INTEREST ON SAVINGS AND TEMPORARY CASH INVESTMENTS FORM 990-PF 69. EXETER #5686 EXETER #5688 IRS M&T BANK TOTAL TO PART I, 24. 69. 23,711. 33. 24. 23,837. 23,837. 23,711. 33. LINE 3 DIVIDENDS AND INTEREST FROM SECURITIES FORM 990-PF GROSS AMOUNT SOURCE CAPITAL GAINS DIVIDENDS (A) REVENUE PER BOOKS 1 (C) (B) NET INVESTMENT INCOME (A) REVENUE PER BOOKS SOURCE STATEMENT ADJUSTED NET INCOME STATEMENT (B) NET INVESTMENT INCOME 2 (C) ADJUSTED NET INCOME DIVIDEND INCOME EXETER 5686 19,425. 0. 19,425. 19,425. 62,322. 0. 62,322. 62,322. 2,312. 2,312. 0. 0. 5,926. 5,926. 0. 0. 89,985. 8,238. 81,747. 81,747. DIVIDEND INCOME EXETER 5688 EXETER TRUST COMPANY- 5686 CAPITAL GAIN EXETER TRUST COMPANY- 5688 CAPITAL GAIN TO PART I, LINE 4 STATEMENT(S) 1, 2 10001113 795314 CRANEFAMFDN 2016.04030 PAUL A. SAFFRIN FOUNDATION CRANEFAl 20-8313839 SAFFRIN FOUNDATION C/O CATHERINE PAUL A. GAIN OR FORM 990-PF (LOSS) FROM SALE OF ASSETS STATEMENT 3 DATE MANNER ACQUIRED ACQUIRED DATE SOLD (A) DESCRIPTION OF PROPERTY EXETER TRUST COMPANY - 5686 SHORT TERM (B) GROSS SALES PRICE (C) COST OR OTHER BASIS GAIN OR LOSS DEPREC. 11,777. 0. 0. 136,908. 148,685. (F) (E) (D) EXPENSE OF SALE DATE MANNER ACQUIRED ACQUIRED DATE SOLD (A) DESCRIPTION OF PROPERTY EXETER TRUST COMPANY - 5686 LONG TERM (B) GROSS SALES PRICE (C) COST OR OTHER BASIS EXPENSE OF SALE 529,656. 523,823. (F) (E) (D) GAIN OR LOSS DEPREC. 0. 0. <5,833.> DATE MANNER ACQUIRED ACQUIRED DATE SOLD (A) DESCRIPTION OF PROPERTY EXETER TRUST COMPANY - 5688 SHORT TERM (B) GROSS SALES PRICE (C) COST OR OTHER BASIS 518,574. 10001113,795314 CRANEFAMFDN 514,383. 2016.04030 PAUL A. (F) (E) (D) EXPENSE OF SALE GAIN OR LOSS DEPREC. 0. 4,191. 0. STATEMENT(S) 3 CRANEFAl SAFFRIN FOUNDATION PAUL A. 20-8313839 SAFFRIN FOUNDATION C/O CATHERINE MANNER DATE ACQUIRED ACQUIRED DATE SOLD (A) DESCRIPTION OF PROPERTY EXETER TRUST COMPANY - 5688 LONG TERM (C) COST OR OTHER BASIS (B) GROSS SALES PRICE 1,627,034. 1,577,384. (F) (E) (D) EXPENSE OF SALE GAIN OR LOSS DEPREC. 0. 0. <49,650.> DATE MANNER ACQUIRED ACQUIRED DATE SOLD (A) DESCRIPTION OF PROPERTY DONATED ATHERTON FARMS LLC - 12/31/15 03/12/16 EQUIPMENT (B) (C) GROSS SALES PRICE COST OR OTHER BASIS 139,683. 139,683. (F) (E) (D) EXPENSE OF SALE GAIN OR LOSS DEPREC. 0. 0. 0. DATE MANNER ACQUIRED ACQUIRED DATE SOLD (A) DESCRIPTION OF PROPERTY DONATED ATHERTON FARMS LLC - 12/31/15 05/13/16 BUILDING AND LAND (B) (C) GROSS SALES PRICE COST OR OTHER BASIS 625,933. 625,933. (F) (E) (D) EXPENSE OF SALE GAIN OR LOSS DEPREC. 0. 0. 0. <39,515.> NET GAIN OR LOSS FROM SALE OF ASSETS 8,238. CAPITAL GAINS DIVIDENDS FROM PART IV TOTAL TO FORM 990-PF, PART I, <31,277.> LINE 6A STATEMENT(S) 3 10001113 795314 CRANEFAMFDN 2016.04030 PAUL A. SAFFRIN FOUNDATION CRANEFAl - 20-8313839 SAFFRIN FOUNDATION C/O CATHERINE PAUL A. (A) EXPENSES PER BOOKS DESCRIPTION LEGAL FEES TO FM 990-PF, STATEMENT LEGAL FEES FORM 990-PF PG 1, LN 16A (C) ADJUSTED NET INCOME 5,235. 0 5,235. 5,235. 0 (A) EXPENSES PER BOOKS DESCRIPTION ACCOUNTING FEES PG 1, LN 16B (B) NET INVESTMENT INCOME (C) ADJUSTED NET INCOME (D) CHARITABLE PURPOSES 2,700. 2,700. 0 2,700. 2,700. 0 (A) EXPENSES PER BOOKS DESCRIPTION 5 STATEMENT (B) NET INVESTMENT INCOME 6 STATEMENT OTHER PROFESSIONAL FEES FORM 990-PF (D) CHARITABLE PURPOSES 5,235. ACCOUNTING FEES FORM 990-PF TO FORM 990-PF, (B) NET INVESTMENT INCOME 4 (C) ADJUSTED NET INCOME (D) CHARITABLE PURPOSES EXETER INVESTMENT MANAGEMENT - 5686 10,897. 10,897. 0. 32,718. 32,718. 0. 2,160. 2,160. 0. 5,834. 5,834. 0. 51,609. 51,609. 0. EXETER INVESTMENT MANAGEMENT - 5688 EXETER TRUSTEE/AGENCY 5686 EXETER TRUSTEE/AGENCY 5688 TO FORM 990-PF, PG 1, LN 16C STATEMENT(S) 4, 5, 6 10001113 795314 CRANEFAMFDN 2016.04030 PAUL A. SAFFRIN FOUNDATION CRANEFAl I . 20-8313839 SAFFRIN FOUNDATION C/O CATHERINE PAUL A. STATEMENT TAXES FORM 990-PF (A) EXPENSES PER BOOKS DESCRIPTION NEW YORK STATE FEE (B) NET INVESTMENT INCOME (C) ADJUSTED NET INCOME 7 (D) CHARITABLE PURPOSES 250. 0. 250. 1,064. 1,064. 0. 1,292. 1,292. 0. 1,400. 0. 0. 25. 0. 0. 4,031. 2,356. 250. EXETER- 5686 - FOREIGN TAXES PAID EXETER- 5688 - FOREIGN TAXES PAID ESTIMATED TAXES PAID ATHERTON FARMS - NEW YORK STATE FEE TO FORM 990-PF, PG 1, LN 18 (A) EXPENSES PER BOOKS DESCRIPTION ATHERTON FARMS LLC TO FORM 990-PF, STATEMENT OTHER EXPENSES FORM 990-PF PG 1, LN 23 (B) NET INVESTMENT INCOME (C) ADJUSTED NET INCOME (D) CHARITABLE PURPOSES 2,682. 0. 0 2,682. 0 0 STATEMENT CORPORATE STOCK FORM 990-PF 8 9 FAIR MARKET BOOK VALUE DESCRIPTION EQUITIES TOTAL TO FORM 990-PF, PART II, LINE 108 VALUE 5,104,074. 5,104,074. 5,104,074. 5,104,074. STATEMENT(S) 7, 8, 9 10001113 795314 CRANEFAMFDN 2016.04030 PAUL A. SAFFRIN FOUNDATION CRANEFAl . OTHER INVESTMENTS FORM 990-PF VALUATION METHOD DESCRIPTION COST COST BONDS ATHERTON FARMS TOTAL TO FORM 990-PF, . 20-8313839 SAFFRIN FOUNDATION C/O CATHERINE PAUL A. PART II, LINE 13 STATEMENT BOOK VALUE 2,497,194. 52,480. 2,549,674. 2,549,674. STATEMENT BOY AMOUNT DESCRIPTION FAIR MARKET VALUE 2,497,194. 52,480. OTHER LIABILITIES FORM 990-PF 10 11 EOY AMOUNT COLLEEN A. CRANE 2007 CHARITABLE LEAD TRUST 37,477. 0. 74,954. 0. 74,954. 0. 187,385. 0. JAMES D. CRANE, JR. 2007 CHARITABLE LEAD TRUST CAROLE E. SAFFRIN 2007 CHARITABLE LEAD TRUST TOTAL TO FORM 990-PF, PART II, LINE 22 STATEMENT(S) 10, 11 10001113 795314 CRANEFAMFDN 2016.04030 PAUL A. SAFFRIN FOUNDATION CRANEFAl 1 CO PY OF WIT MI r RFOF"t N,-x p NYS OFF NOV 21 -~ 2017 ICE CF TH CH ARI E ATT TIE OR SB NE (*610 YGE- I