Return of Private Foundation

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Return of Private Foundation

^{OMB No} ^1545-0052

Form

'990

-PF or Section 4947(a)(1) Trust Treated as Private Foundation

201 5 Department of the Treasury ^ Do not enter social security numbers on this form as it may be made public.

Internal Revenue Service ^ Information about Form 990-PF and its separate instructions is at W WW.1rs.g0v/form990PL

For calendar year 2015 or tax year beginning , and ending

Name of foundation A Employer identification number

SIGMUND FOUNDATION, INC 34-2010304

Number and street (or P O box number it mail is not delivered to street address ) Room /swte B Telephone number

C/O BESSEMER TRUST, 101 CALIFORNIA ST. 500 516-508-9623

City or town, state or province, country, and ZIP or foreign postal code C It exemption application is pending, check here ^

SAN FRANCISCO, CA 94111

G Check all that apply Initial return Initial return of a former public charity D 1. Foreign organizations, check here

Final return Amended return

Add h N

D 2. Foreign organizations meeting the 85% test,

ress c ang e ame change check here and attach computation ^^

H Check type of organization. LXJ Section 501(c)(3) exempt private foundation E If private foundation status was terminated

= Section 4947(a)(1) nonexempt charitable trust 0 Other taxable private foundation under section 507(b)(1)(A), check here I Fair market value of all assets at end of year J Accounting method. Cash L_J Accrual F If the foundation is in a 60-month termination

(from Part Il, col (c), line 16) 0 Other (specify) under section 507(b)(1)(B), check here

^ $ 1,281,0 8 6 , (Part 1, column (d) must be on cash basis.)

Part I Analysis of Revenue and E xpenses

(The total of amounts in columns ( b) (c), and (d) may not ( a) Revenue and (b ) Net investment (c) Adjusted net (d) Disbursements for charitable purposes

necessarily equal the amounts in column (a)) expenses per books income income (cash basis only)

1 Contributions, gifts, grants, etc , received N/A

2 Check it the foundation is not required to attach Sch B 3 Interest on savings and temporary

cash investments

4 Dividends and interest from securities

18,309. 18,309. S TATEMENT 1

5a Gross rents

b Net rental income or foss)

6a Net gain or (loss ) from sale of assets not on line 10

33,095.

Gross sales price for all

b assets on line 6a 471,707 .

y 7 Capital gain net income (from Part IV, line 2)

33,095.

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

51,404. 51,404.

13 Compensation of officers, directors , trustees, etc 0. 0. 0.

14 Other employee salaries and wages 15 Pension plans, employee benefits y 16a Le al teesg

to b Accounting fees STMT 2

3,500. 0. 3,500.

W c Other professional fees STMT 3 2,833. 1,892. 9 4 1.

d 17 Interest

18 Taxes ^=- ' - - STMT (4

8,886. 182. 0 .

y 19 Depreciation and de letionp p

Z u lu _ MAY £ i

20 O u n

EE _{cc pa cy}

,1

a 21 Travel; co nferences , and m eetings__

r- 22 Printing and publications-

23 Other-expenses - ° STMTJ 5 336. 0. 336.

24 Total operating and administrative

o, expenses Add lines 13 through 23

15, 555. 2,074. 4,777.

0 25 Contributions, gifts, grants paid 353, 000. 353,000.

26 Total expenses and disbursements.

Add lines 24 and 25

368,555. 2,074. 357,777.

27 Subtract line 26 from line 12:

a Excess of revenue over expenses and disbursements <317

, 151 .

b Net investment income (if negative , enter -0- )

49,330. -

c Adjusted net income ( if negative , enter -0-) N/A

11-24-'15 LHA For Paperwork Reduction Act Notice , see instructions . Form 9U-PF (2015)

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Form 990-PF (2015) SIGMUND FOUNDATION. INC

Part III Analysis of Changes in Net Assets or Fund Balances

34-2010304

Pane2 Part II Balance Sheets Attached schedules and amounts in the description Beginning of year End of year

column should be for end -of-year amounts only (a) Book Value (b) Book Value (c) Fair Market Value

1 Cash - non-interest-bearing

7, 5 3. 26 , 9

2 6 ,9 44.

2 Savings and temporary cash investments 3 Accounts receivable ^

Less allowance for doubtful accounts ^ 4 Pledges receivable ^

Less: allowance for doubtful accounts ^ 5 Grants receivable

6 Receivables due from officers, directors, trustees, and other disqualified persons

7 Other notes and loans receivable ^

Less: allowance for doubtful accounts ^ 8 Inventories for sale or use

9 Prepaid expenses and deferred charges

< 10a Investments - U S. and state government obligations

b Investments - corporate stock STMT 6 1,015,856. 917,180. 1,029,142.

c Investments - corporate bonds STMT 7

291,893. 2 1 8,031. 225,000.

11 investments land, build i ngs , and equipment basis ^ Less accumulated depreciation ^

12 Investments - mortgage loans 13 Investments - other

14 Land, buildings, and equipment: basis ^

Less accumulated depreciation ^

15 Other assets (describe ^

16 Total assets (to be completed by all filers - see the

instructions. Also, see page 1, item I

1,479,312. 1,162,155. 1,281,086.

17 Accounts payable and accrued expenses 18 Grants payable

to 19 Deferred revenue

20 Loans from officers , directors , trustees, and other disqualified persons

2 21 Mortgages and other notes payable J 22 Other liabilities (describe ^

23 Total liabilities ( add lines 17 through 22 ) 0. 0.

Foundations that follow SFAS 117, check here ^ and complete lines 24 through 26 and lines 30 and 31.

24 Unrestricted 25 Temporarily restricted m 26 Permanently restricted

3 Foundations that do not follow SFAS 117, check here ^ [Xj ' L and complete lines 27 through 31.

° 27 Capital stock, trust principal, or current funds 1,479,312. 1,162,155.

N 28 Paid-in or capital surplus, or land, bldg., and equipment fund 0. 0.

to 29 Retained earnings, accumulated income, endowment, or other funds 0. 0.

4)Z 30 Total net assets or Lund balances 1,4 79,3 1 2. 1,16 2, 15 5.

31 Total liabilities and net assetstfund balances

1,479,312. 1 1,162,155.

1 Total net assets or fund balances at beginning of year - Part II, column (a), line 30

(must agree with end-of-year figure reported on prior year's return) 1

1,479,312.

2 Enter amount from Part I, line 27a 2 <317,151.>

3 Other increases not included in line 2 (itemize) ^ 3 0.

4 Add lines 1, 2, and 3 4 2 ,

5 Decreases not included in line 2 (itemize) ^ TRUNCATION 5 6.

6 Total net assets or fund balances at end of year ( line 4 minus line 5 - Part II, column ( b ) , line 30 6 1 , 16 2 155.

Form 990-PF (2015)

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Form 9 90-PF (20 15) S I GMUND FOUNDATION, INC 34-2010304 Page 3 Part IV Capita G ains an d Losses for-Ta-To-n-I nvestment I ncome

(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.)

Ho w acquire rchase D - Donation

( c) Date acquired (mo., day, yr.)

(d) Date sold (mo, day, yr.)

la PUBLICLY TRADED SECURITIES P VARIOUS VARIOUS

b PUBLICLY TRADED SECURITIES P VARIOUS VARIOUS

c PUBLICLY TRADED SECURITIES P VARIOUS VARIOUS

d CAPITAL GAINS DIVIDENDS e

(e) Gross sales price (f) Depreciation allowed (or allowable )

( g) Cost or other basis plus expense of sale

( h) Gain or (loss) (e) plus (f) minus (g)

a 238 ,778. 233,575. 5,203.

b 1 3 6,1 8 6. 14 7, T9-67.

<1 , 5 1 0 .

c 66,699. 57,341. 9,358.

d 30,0 4 4. 30,04 4 .

e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 ( I) Gains ( Col. (h) gain minus (I) F M.V. as of 12/31/69 ()) Adjusted basis

as of 12 /31/69

( k) Excess of col (i) over col . (j), if any

-0-) or col. (k), but not less

Losses ( from co l. ( h))

a 5,203.

b

< 11 ,5 1 0 .

c 9,358.

d 30,04 4 .

e

2 Capital gain net income or ( net capital loss)

If gain, also enter in Part I, line 7

L If (loss ), enter -0 - in Part 1, line 7 2 33,095.

3 Net short-term capital gain or ( loss) as defined in sections 1222(5) and (6):

If gain, also enter in Part I, line 8, column (c)

If ( loss ) , enter - 0- in Part I, line 8 3 N/A

I Part V uuautication Under Section 4940(e) for Reduced Tax on Net Investment Income (For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income )

If section 4940( d)(2) applies, leave this part blank

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base penod2 If "Yes," the foundation does not quality under section 4940(e). Do not complete this part.

Yes ® No

1 Enter the appropriate amount in each column for each year; see the instructions before making any entries ( a )

Base period years

Calendar year (or tax year beginning in) Adjusted qualifyingg distributions Net value of noncharitable-use assets Distribution ratio (col. (b) divided by col. (c))

2014 2 5 ,0 11. 1,641,2 3 1 . . 0 5239

2013 98,508. 1,111,642. .088 6 15

2012 254,888. 965,761. .263925

2011 94,379. 1,047,148. .090130

2010 133,207. 1,051,217. .126717

2 Total of line 1, column (d) 2 . 5 8 4 6 2 6

3 Average distribution ratio for the 5-year base period - divide the total on line 2 by 5, the foundation has been in existence if less than 5 years

or by the number of years

3 .

116925

4 Enter the net value of noncharitable-use assets for 2015 from Part X, line 5 4

1,541,763 .

5 Multiply line 4 by line 3 5 18 0 , 2 71 .

6 Enter 1% of net investment income (1% of Part I, line 27b) 6 493 .

7 Add lines 5 and 6 7 180, 764 .

8 Enter qualifying distributions from Part XII, line 4

8 357, 777 .

If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate.

See the Part VI instructions

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Form 990 -PF (2015) S I GMUND FOUNDATION, INC 34-2010304 Page 4 Part VI Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948 - see instructions)

la Exempt operating foundations described in section 4940(d)(2), check here ^ L_J and enter 'N/A' on line 1.

Date of ruling or determination letter ( attach copy of letter if necessary - see instructions)

b Domestic foundations that meet the section 4940(e) requirements in Part V, check here ^ ® and enter 1%

1 493.

of Part I, line 27b

c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b).

2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0-) 2 0.

3 Add lines 1 and 2

3 493.

4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0.

5 Tax based on investment income . Subtract line 4 from line 3. If zero or less, enter -0- 5

493.

6 Credits/Payments:

a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 5,200.

b Exempt foreign organizations - tax withheld at source 6b

c Tax paid with application for extension of time to file (Form 8868) Sc

d Backup withholding erroneously withheld 6d

7 Total credits and payments. Add lines 6a through 6d 7 5,200.

8 Enter any penalty for underpayment of estimated tax. Check here 0 if Form 2220 is attached 8

9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed ^ 9

10 Overpayment If line 7 is more than the total of lines 5 and 8, enter the amount overpaid No. 10 , 7 0 7 .

11 Enter the amount of line 10 to be: Credited to 2016 estimated tax ^ 4 , 7 0 7 . Refunded ^ 11 0.

Part VII-A Statements R egar d ing A ctivities

la During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in Yes No

any political campaign? la X

b Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see instructions for the definition)? lb X If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials published or

distributed by the foundation in connection with the activities

c Did the foundation file Form 1 120 -POL for this year? 1c X

d Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year.

(1) On the foundation. ^ $ 0. (2) On foundation managers. ^ $ 0.

e Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed on foundation

managers. ^ $ 0.

2 Has the foundation engaged in any activities that have not previously been reported to the IRS? 2 X

If 'Yes," attach a detailed description of the activities.

3 Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or

bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes 3 X

4a Did the foundation have unrelated business gross income of $1,000 or more during the year? 4a X

b If "Yes, has it filed a tax return on Form 990-T for this year's N/A 4b

5 Was there a liquidation, termination, dissolution, or substantial contraction during the year? 5 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? 6 X

7 Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part ll, col (c), and Part XV 7 X 8a Enter the states to which the foundation reports or with which it is registered (see instructions) ^

DE

b If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate)

of each state as required by General Instruction G? If "No," attach explanation 8b X

9 Is the foundation claiming status as a private operating foundation within the meaning of section 4942(1)(3) or 4942(j)(5) for calendar

year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)? If "Yes," complete Part XIV 9 X 10 Did any persons become substantial contributors during the tax year? if "Yes," attach a schedule listing chair names and addresses 10 X Form 990-PF (2015)

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SIGMUND FOUNDA TION, INC

34-2010304

es (continued)

0 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 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) 12 X

13 Did the foundation comply with the public inspection requirements for its annual returns and exemption application? 13 X Website address ^ N/A

14 The books are m care of ^ BESSEMER TRUST Telephone no. ^ 212 7 0 8 - 9 21 Locatedat ' 101 CALIFORNIA STREET, SAN FRANCISCO, CA ZIP+4 194111 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 ^ 1 15 I N/A

16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over a bank, Yes No securities, or other financial account in a foreign country?

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes; enter the name of the

X

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. Yes No 1 a During the year did the foundation ( either directly or indirectly).

(1) Engage in the sale or exchange , or leasing of property with a disqualified person' Yes ®No (2) Borrow money from , lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? Yes ® No

(3) Furnish goods, services , or facilities to (or accept them from) a disqualified person? 0 Yes ® No (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? Yes ® No (5) Transfer any income or assets to a disqualified person ( or make any of either available

for the benefit or use of a disqualified person )? Yes ® No

(6) Agree to pay money or property to a government official? ( Exception . Check "No' if the foundation agreed to make a grant to or to employ the official for a period after

termination of government service, if terminating within 90 days ) Yes OX No

b If any answer is'Yes" to la(1)-(6), did any of the acts fail to quality under the exceptions described in Regulations

section 53 4941( d)-3 or in a current notice regarding disaster assistance (see instructions ) ? N/A lb Organizations relying on a current notice regarding disaster assistance check here ^ 0 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 20157 1c 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 (1)(3) or 4942(j)(5)):

a At the end of tax year 2015 , did the foundation have any undistributed income ( lines 6d and 6e, Part XIII ) for tax year( s) beginning

before 2015? El Yes [X No

If "Yes," list the years ^

b Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942 ( a)(2) (relating to incorrect valuation of assets ) to the year ' s undistributed income? (If applying section 4942 ( a)(2) to all years listed , answer "No" and attach

statement - see instructions.) N/A 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

during the year? L Yes © No

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 if the foundation had excess business holdings in 2015) N/A

4a Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

b Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been re moved from jeopardy before the first day of the tax year beginning in 2015?

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I4bI I X Form 990-PF (2015)

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Form 990-PF 2015 S I GMUND FOUNDATION, INC 34-2010304 Page 6 Part VII- B Statements Reg arding Activities for Which Form 4720 May Be Required (continued)

5a During the year did the foundation pay or incur any amount to.

(1) Carry on propaganda, or otherwise attempt to influence legislation ( section 4945 (e)) 2 0 Yes 0 No (2) Influence the outcome of any specific public election ( see section 4955); or to carry on, directly or indirectly,

any voter registration drtve9 0 Yes ® No

(3) Provide a grant to an individual for travel, study, or other similar purposes? 0 Yes No (4) Provide a grant to an organization other than a charitable , etc., organization described in section

4945 ( d)(4)(A)' (see instructions ) 0 Yes No

(5) Provide for any purpose other than religious , charitable , scientific, literary, or educational purposes, or for

the prevention of cruelty to children or animals? LI Yes LX No

b If any answer Is "Yes" to 5a(1)-(5), did any of the transactions fail to quality under the exceptions described in Regulations

section 53.4945 or in a current notice regarding disaster assistance (see instructions ) ? N/A 5b

Organizations relying on a current notice regarding disaster assistance check here 10

c If the answer is 'Yes" to question 5a(4), does the foundation claim exemption from the tax because it maintained

expenditure responsibility for the grant? N/A 0 Yes 0 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? LI Yes No

b Did the foundation , during the year, pay premiums , directly or indirectly, on a personal benefit contract? 6b 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? C] Yes OX No b If "Yes," did the foundation receive any proceeds or have any net income attributable to the transaction? N/A 7b I Fart vin I Information About Officers, Directors, Trustees, Foundation Managers, Highly

Paid Employees, and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation.

(a) Name and address

(b) Title, and average hours per week devo ed

to position

( c) C ompensation (If not paid,

enter - 0 - )

Contributions to employee benefit plans

and deferred compensation

(e) Ex p ense account, other

allowances

DR. BARBARA SOMMER-FISHER RESIDENT,TRE SURER

C / O BESSEMER TRUST, 101 CALIFORNIA ST

SAN FRANCISCO, CA 9 41 1 1 2.00 0. 0. 0.

DR. ALAN FI SHER ICE PRESIDE ,SECRET Y

C/O BESSEMER TRUST, 101 CALIFORNIA ST

SAN FRANCISCO, CA 9 111 2.00 0. 0. 0.

2 Compensation of five highest - paid employees ( other than those inc luded on line 1). If none, enter " NONE."

(a) Name and address of each employee paid more than $50,000

(b) Title, and average hours per week

devoted to position (c) Compensation ^emp^o^{yee be}ⁿelt plans and deferred compensation

( e) Ex p ense account, other

allowances NONE

Total number of other employees paid over $50,000 ^ I U

Form 990-PF (2015)

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Form 990-PF 2015 S I GMUND FOUNDATION, INC 34-2010304 Pa g e 7 a Information About Officers, Directors , Trustees , Foundation Managers , Highly

Paid Employees , and Contractors (continued)

3 Five highest - paid independent contractors for professional services . If none, enter " NONE."

(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation

Total number of others receiving over $ 50,000 for professional services ^ U

Part IX - A I S ummary o f D irect Ch arita bl e A ctivities

List the foundation ' s four largest direct charitable activities during the tax year. Include relevant statistical information such as the

Expenses number of organizations and other beneficiaries served , conferences convened , research papers produced, etc

1 N A

2

3

4

i-'art IX-B I Summarv of Proaram-Related Investments

Describe the two largest program-related investment s mad e by the fou n da ti o n du ring the tax year o n lines 1 and 2. Amount

1 N/A

2

All other program-related investments. See instructions.

3

Total. Add lines 1 throu g h 3 ^ 0

Form 99U-I - (2015)

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Form 990-PF 2015 S I GMUND FOUNDATION, INC 34-2010 304 Page 8 Pa rt X

Minimum Investment Return(All domestic foundations must complete this part Foreign foundations, see instructions)

1 Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes'

a Average monthly fair market value of securities 1 a 1,502,127.

b Average of monthly cash balances 1 b 63, 11 5.

c Fair market value of all other assets 1c

d Total (add lines la, b, and c) id 1 , 5 6 5-727_27

e Reduction claimed for blockage or other factors reported on lines la and

1c (attach detailed explanation) le 0.

2 Acquisition indebtedness applicable to line 1 assets 2 0.

3 Subtract line 2 from line 1d 3 1,5 6 5,242.

4 Cash deemed held for charitable activities Enter 1 1/2% of line 3 (for greater amount, see instructions) 4 23, 4 79.

5 Net value of noncharitable - use assets . Subtract line 4 from line 3. Enter here and on Part V, line 4 5 1,541,7 6 3.

6 Minimum investment return . Enter 5% of line 5 6 77,088.

ri-Part XI Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here ^ 0 and do not complete this part.)

1 Minimum investment return from Part X, line 6 1 77,088

2a Tax on investment income for 2015 from Part VI, line 5 2a 493.

b Income tax for 2015. (This does not include the tax from Part VI) 2b

c Add lines 2a and 2b 2c 493

3 Distributable amount before adjustments. Subtract line 2c from line 1 3 76, 9

4 Recoveries of amounts treated as qualifying distributions 4 0

5 Add lines 3 and 4 5 76

,595

.

6 Deduction from distributable amount (see instructions) 6 0

7 Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 7 7 6 ,595 P art

Qualifying Distributions (see instructions)

1 Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

a Expenses, contributions, gifts, etc. - total from Part I, column (d), line 26 1a 357,777.

b Program-related investments - total from Part IX-B lb 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

357,777.

5 Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b

5 493

.

6 Adjusted qualifying distributions . Subtract line 5 from line 4

6

357, 28 4.

Note. The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifie 4940(e) reduction of tax in those years.

s for the section

Form 990-PF (2015)

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Form 990-PF (2015) SIGMUND FOUNDATION, INC 34-2010304 Page 9 Part XIII Undistributed Income (see instructions)

(a) (b) (c) (d)

Corpus Years prior to 2014 2014 2015

1 Distributable amount for 2015 from Part XI,

llne7 76,595.

2 Undistributed income , if any, as of the end of 2015

a Enter amount for 2014 only 0.

b Total for prior years:

0.

3 Excess distributions carryover, if any, to 2015:

aFrom 2010 59,153.

bFrom 2011 43,845.

c From 2012 207,7 6- 2.

dFrom 2013 44,421.

e From 2014

f Total of lines 3a through e

355,181.

4 Qualifying distributions for 2015 from

Part Xll, line 4. ^ $ 357,777.

a Applied to 2014, but not more than line 2a 0.

bApplied to undistributed income of prior

years (Election required - see instructions) 0.

c Treated as distributions out of corpus

(Election required - see instructions) 0.

d Applied to 2015 distributable amount 7 6 ,595.

e Remaining amount distributed out of corpus 281,182.

5 Excess distributions carryover applied to 2015 I

0. 0

( f an amount appears in column ( d), the same amount must be shown in column (a).)

6 Enter the net total of each column as indicated below:

a Corpus Add lines 3f . 4c, and 4e Subtract line 5

636,363.

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

assessed 0

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. 0

f Undistributed income for 2015 Subtract lines 4d and 5 from line 1. This amount must

be distributed in 2016 0.

7 Amounts treated as distributions out of

- corpus to satisfy requirements imposed by

section 170(b)(1)(F) or 4942(g)(3) (Election

may be required - see instructions) 0

8 Excess distributions carryover from 2010 not applied on line 5 or line 7

9 Excess distributions carryover to 2016.

Subtract lines 7 and 8 from line 6a 10 Analysis of line 9:

a Excess from 2011 43,845.

b Excess from 2012 207,7 6 2.

c Excess from 2013 44,421.

d Excess from 2014

e Excess from 2015 281,182.

523581 11-24-15

59,153.

577,210.

9

Form 990-PF (2015)

(10)

Form 990-PF (2615) SIGMUND FOUNDATION, INC

(see instructions and Part VII-A, question 9) 1 a If the foundation has received a ruling or determination letter that it is a private operating

foundation , and the ruling is effective for 2015 , enter the date of the ruling ^ L b Check box to indicate whether the foundation is a private operating foundation described in section

2 a Enter the lesser of the adjusted net Tax year Prior 3 years

income from Part I or the minimum a 20 20 14 ( c ) 20 13

investment return from Part X for each year listed

b 85% of line 2a

c Qualifying distributions from Part XII, line 4 for each year listed

d Amounts included in line 2c not used directly for active conduct of exempt activities

e Qualifying distributions made directly for active conduct of exempt activities.

Subtract line 2d from line 2c 3 Complete 3a, b, or c for the

alternative test relied upon:

a "Assets" alternative test - enter:

(1) Value of all assets (2) Value of assets qualifying

under section 4942 ( j)(3)(B)(i) b "Endowment" alternative test - enter

2/3 of minimum investment return shown in Part X, line 6 for each year listed

c "Support ' alternative test - enter:

(1) Total support other than gross investment income ( interest, dividends, rents, payments on securities loans ( section 512(a)(5 )), or royalties) (2) Support from general public

and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(ni) (3) Largest amount of support from

an exempt organization (4) Gross investment income

34-2010304 Page 10 N/A

)42(j)(3) or L_J 4942(j)(5)

20 1 2 (e) Total

Pad rt XV I Supplementary information ( Complete this part only it the toundatlon nad b ,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).)

DR. BARBARA SOMMER-FISHER

b List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

NONE

2 Information Regarding Contribution , Grant, Gift, Loan , Scholarship, etc., Programs:

Check here ^ ® if the foundation only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds. It the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under ot h er co n ditio n s, co mplete it e ms 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.

N/A

b The form in which applications should be submitted and information and materials they should include' N/A

c Any submission deadlines:

N/A

d Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other factors:

N/A

523601 11-24-15 Form 990-PF (2015)

10 15170502 791007 SIGMUND 2015.03030 SIGMUND FOUNDATION, INC SIGMUNDI

(11)

Form 990-PF (2015) S I GMUND FOUNDATION, INC 34-2010304 Page 11 I Part XV ^ Supplemen tary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment Recipient If recipient is an individual,

show any relationship to Foundation Purpose of grant or

A t

Name and address (home or business) any foundation manager or substantial contributor

status of recipient

contribution moun

a Paid during the year

AMERICAN ISRAEL EDUCATION FOUNDATION /A PUBLIC CHARITY ENERAL FUND

251 H STREET, NW

WASHINGTON, DC 20001 75 , 000.

CONGREGATION BETH JACOB /A PUBLIC CHARITY ENERAL FUND

1550 ALAMEDA DE LAS PULGAS

REDWOOD CITY , CA 94061-2499 60,000.

J. THE JEWISH NEWSWEEKLY OF NORTHERN /A PUBLIC CHARITY ENERAL FUND

CALIFORNIA

225 BUSH STREET, SUITE 480

SAN FRANCISCO , CA 94104 5 , 000.

JEWISH NATIONAL FUND /A PUBLIC CHARITY ENERAL FUND

42 EAST 69TH STREET

NEW YORK , NY 10021 205 000.

LUCILE PACKARD FOUNDATION /A PUBLIC CHARITY ENERAL FUND

400 HAMILTON AVENUE, SUITE 340

PALO ALTO , CA 94301 1 , 000.

Total SFE CONTINUATION SHFF', S 3a

^{353 , 000.}

b Approved for future payment

NONE

Total 3b 1 0 .

Form 990-PF (2015)

523611 11-24-15

11

(12)

Form 990-PF (2015) S I GMUND FOUNDATION, INC 34-2010304 Page 12

-- r

Part VI-A Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated. Unrelate d business income Exclu ded by section 512, 513, or 514 (e) 1 Program service revenue:

(a) Business

code

(b) Amount

Exc „- 51O"

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

14 18,309.

5 Net rental income or (loss) from real estate:

a Debt-financed property b Not debt-financed property

6 Net rental income or (loss) from personal property

7 Other investment income

8 Gain or (loss) from sales of assets other

than inventory 18 33,095.

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) 0. 51,404.

1 0.

13 Total. Add line 12, columns (b), (d), and (e) 13 51,404.

(See worksheet in line 13 instructions to verify calculations.)

art - Relationship of Activities to the Accomplishment of Exempt Purposes

12

523621 11 - 24-15 Form 990-PF (2015)

(13)

Form 990-PF (2d15) SIGMUND FOUNDATION, INC 34- 2010304 Page 13 Pa XVII Information Regarding Transfers To and Transactions and Relationships With Noncharitable

Exempt Organizations

1 Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of Yes No 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 noncharltable exempt organization of:

(1) Cash 1a(1) X

(2) Other assets 1a(2) X

b Other transactions:

(1) Sales of assets to a nonchantable exempt organization 1b(1) X

(2) Purchases of assets from a noncharitable exempt organization lb(2) X

(3) Rental of facilities, equipment, or other assets lb(3) X

(4) Reimbursement arrangements 1b(4) X

(5) Loans or loan guarantees 1b(5) X

(6) Performance of services or membership or fundraising solicitations 1b(6) X

c Sharing of facilities, equipment, mailing lists, other assets, or paid employees 1C 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.

(a) Name of organization (b) Type of organization (c) Description of relationship N/A

Sign Here

aid

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements , and to the best of my knowledge

and belief , it is true, correct , nd complpte Declaration of preparer ( other than taxpayer ) is based on all information of which preparer has any knowledge may a sc ss s return with th (preparer) shown below see instr 7

E IDENT

Signature of o icer or trustee D

Print/Type preparer's name Preparer's signature

BRENNA RYAN

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 5279 Yes ® No

b If "Yes," complete the following schedule.

(14)

SIGMUND FOUNDATION, INC 34-2010304 Part XV Supplementary Information

3 Grants and Contributions Paid During the Year ( Continuation) Recipient If recipient is an individual,

show any relationship to Foundation Purpose of grant or

A t

Name and address (home or business) any foundation manager or substantial contributor

status of recipient

contribution moun

STANFORD HOSPITAL 300 PASTEUR DRIVE STANFORD, CA 94305

/A PUBLIC CHARITY ENERAL FUND

6,000.

THE SALVATION ARMY P.O. BOX 193465

SAN FRANCISCO , CA 94119-3465

/A PUBLIC CHARITY ENERAL FUND

1,000.

Total from continuation sheets 7,000.

523631 04-01-15

14 15170502 791007 SIGMUND 2015.03030 SIGMUND FOUNDATION, INC SIGMUNDI

(15)

FORM 990-PF DIVIDENDS AND INTEREST FROM SECURITIES STATEMENT 1

CAPITAL (A) (B) (C)

GROSS GAINS REVENUE NET INVEST- ADJUSTED

SOURCE AMOUNT DIVIDENDS PER BOOKS MENT INCOME NET INCOME

BESSEMER TRUST 48,353. 30,044. 18,309. 18,309.

TO PART I, LINE 4 48,353. 30,044. 18,309. 18,309.

FORM 990-PF ACCOUNTING FEES STATEMENT 2

(A) (B) (C) (D)

EXPENSES NET INVEST- ADJUSTED CHARITABLE

DESCRIPTION PER BOOKS MENT INCOME NET INCOME PURPOSES

FINANCIAL SERVICES FEE 3,500 . 0. 3,500.

TO FORM 990-PF, PG 1 , LN 16B 3,500. 0. 3,500.

FORM 990-PF OTHER PROFESSIONAL FEES STATEMENT 3

(A) (B) (C) (D)

EXPENSES NET INVEST - ADJUSTED CHARITABLE

INVESTMENT SERVICES FEE 2,822. 1 , 881. 941.

DIVIDEND INTEREST E XPENSE 11. 11. 0.

TO FORM 990-PF, PG 1, LN 16C 2 , 833. 1,892. 941.

FORM 990-PF TAXES STATEMENT 4

(A) (B) (C) (D)

EXPENSES NET INVEST- ADJUSTED CHARITABLE

0.

FOREIGN TAXES PAID 272.

EXCISE TAX 3,414.

ESTIMATED TAXES 5,200.

TO FORM 990-PF, PG 1, LN 18 8,886.

182.

0.

0. 182. 0.

15 STATEMENT(S) 1, 2, 3, 4

(16)

FORM 990-PF OTHER EXPENSES STATEMENT 5

DESCRIPTION

(A) (B) (C)

EXPENSES NET INVEST- ADJUSTED PER BOOKS MENT INCOME NET INCOME

(D) CHARITABLE

PURPOSES

DELAWARE FILING FEE 311. 0. 311.

DELAWARE FRANCHISE FEE 25. 0. 25.

TO FORM 990-PF, PG 1, LN 23 336. 0. 336.

FORM 990 -PF CORPORATE STOCK STATEMENT 6

DESCRIPTION

SCHEDULE ATTACHED

TOTAL TO FORM 990-PF, PART II, LINE 10B

FAIR MARKET VALUE

1,029,142.

917,180. 1,029,142.

FORM 990-PF CORPORATE BONDS STATEMENT 7

DESCRIPTION

SCHEDULE ATTACHED

TOTAL TO FORM 990-PF, PART II, LINE 10C

BOOK VALUE

917,180.

FAIR MARKET

BOOK VALUE VALUE

218,031. 225,000.

16 STATEMENT(S) 5, 6, 7

(17)

Account Details

CUSIP/

ISIN/

Security no Security name SEDOL

SIGMUND FOUNDATION, INC. - IM CASH AND SHORT TERM

CASH

Report dated December 31, 2015 Page 4 of 10 Amortized tax cost

Trade date basis

Average Percent

Shares/ cost per Market value Market of asset Unrealized Estimated Current

units share /unit Cost per share/und value class gain/(loss) annual income yield

999994 PRINCIPAL CASH 0 000 $0 00 $ 0 $ 0 000 $ 0 0 0% $ 0 $ 0

999995 IN CO ME CASH 0 000 $ 000 $ 0 $ 0000 $ 0 00% $ 0 $0

999996 NET CASH 1,944.7 2 0 $0.00 $ 1,944 $0.000 $1,944 72% $0 $ 0 000%

Total CASH

CASH EQUIVALENTS

$ 1,944 $1 , 944 7.2% $0 $0 0.00%

990077 FED TRUST UST OBLIG #59 60934N799 25,000 000 $1 00 $ 25,0 00 $ 1 000 $ 25,000 92 8% $ 0 $ 32 0.13%

Total CASH EQU IVALENTS $ 25,000 $ 25 , 000 92.8% $ 0 $ 32 0.13%

Total CASH AND SHORT TERM FIXED INCOME

BOND F U NDS

$26 , 944 $26 , 944 100.0% $0 $32 0.12%

861017 OW FIXED INCOME FUND 680414406 20, 2 5 2 105 $ 1 0 77 $21 8, 031 $11 110 $225,000 1000% $ 6,968 $ 2,936 1 30%

Total B OND FUN DS $218,031 $225 , 000 100.0% $ 6,968 $ 2,936 1.30%

Total FIXED INCOME

LARGE CAP CORE - U.S.

INFORMATION TECHNOLOGY

$218,031 $225 , 000 100.0% $6,968 $2 , 936 1.30%

711910 ALPHABET INC CLASS C 020 7 9 K 107 1 0 00 0 $ 6856 0 $ 6,856 $ 758 800 $ 7,588 6 3% $ 732 $ 0 0 00%

713135 CDW CORP/DE 12514G1 08 45 000 $ 3804 $1,712 $42022 $1,891 16% $178 $19 100%

806047 APPLE INC 03 7833100 75 000 $ 7423 $ 5,567 $105.253 $7,894 66% $ 2,326 $ 156 1.98%

9 04587 AVAGO TECHNOLOGIES Y0486S104 20 000 $ 5570 $1,114 $145 150 $2,903 24% $1,788 $35 121%

904729 NXP SEMICONDUCTORS NV N6596X109 50 000 $5 7. 92 $2,896 $84.240 $4,212 3.5% $ 1,316 $ 0 000%

Total INFORMATION TECHNOLOGY INDUSTRIALS

$18,145 $24,488 20 . 3% $6,340 $210 1.17%

841546 ILLINOIS TOOL WORKS INC 45 2308109 24 000 $ 6700 $ 1,608 $92.667 $2,224 18% $ 616 $ 52 234%

868076 RAYTHEON CO NEW 755111507

Market prices are updated nightly and therefore will not reflect pricing changes made intraday As a result there may be instances where market price information may differ from other

55 000 $9627 $5,295 $124527 $6,849 57% $1,553 $147 215%

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(18)

Account Details

CUSIP/

ISINI

SIGMUND FOUNDATION, INC. - IM LARGE CAP CORE - U.S.

INDUSTRIALS

882670 UNION PACIFIC COR P 9078 1 8 1 08

Report dated December 31, 2015

m emo=

Page 5 of 10 Amortized tax cost

Trade date basis

Average Percent

units share/unit Cost per share/unit value class gain/(loss) annual income yield

45 000 $ 85 13 $ 3,8 31 $78200 $3,519 29% ($ 31 2) $ 99 281%

884757 U N ITED RE NTALS I NC 9 113631 09 30 000 $ 9460 $2,838 $72.533 $ 2,176 1 8% ($ 662) $0 000%

908713 NIELSEN HOLDINGS PLC G65181-108 50.00 0 $3 7. 22 $1,8 61 $46 .60 0 $2,330 1 9% $ 468 $ 56 240%

Total INDUSTRIALS HEALTH CARE

$15,433 $17,098 14.2% $1,663 $354 2.11%

800258 AETNA INC NEW 00817Y108 25.0 00 $69.9 2 $1,748 $108 120 $2,703 22% $ 954 $25 092%

81911 4 COMM H LTH S YS INC N EW 20 3668 1 08 60 000 $ 5627 $3,376 $26 517 $1,591 1 3% ($1,784) $0 000%

864075 PFIZER INC 717081103 155 000 $29. 66 $4,598 $32.277 $5,003 4.2% $ 405 $ 186 372%

870418 ST JUDE MEDICAL I NC 790849103 4 0 00 0 $65 28 $2,611 $61.750 $2,470 21% ($140) $46 1 86%

880100 TH ERMO FIS HER SCIENT IFI C 88 35561 0 2 45 000 $ 97 53 $4,389 $141 844 $6,383 53% $1,994 $27 042%

88896 7 ZIMME R BI O M ET H O LDINGS I NC 98956 P102 45.000 $70.89 $ 3,190 $102 578 $4,616 3.8% $1,425 $ 39 084%

Total HEALTH CARE FINANCIALS

$19,912 $22,766 18.9% $2,854 $323 1.77%

803572 AMERICAN INTL GROUP INC 026874784 30 000 $4457 $1,337 $61 967 $1,859 1 5% $521 $33 1 78%

817156 CITIGROUP INC 172967424 70 000 $3797 $2,658 $51 743 $3,622 30% $963 $14 039%

823673 DISCOVER FINANCIAL SVCS 254709108 90 000 $5923 $5,331 $53 611 $4,825 40% ($506) $100 207%

844581 KEYCORP NEW 493267108 285 000 $1332 $3,796 $13 189 $3,759 3 1% ($37) $85 226%

854169 MORGAN STANLEY GRP INC 617446448 75 000 $3085 $2,314 $31.800 $2,385 20% $71 $45 1 89%

986524 ACE LIMITED H0023R105 19 000 $7500 $1,425 $116842 $2,220 1 8% $794 $50 225%

Total FINANCIALS CONSUMER STAPLES

$16,861 $18,670 15.5% $1,806 $327 2.71%

822151 CVS HEALTH CORP 126650100 51 000 $5920 $3,019 $97 765 $4,986 4 1% $1,966 $86 1 72%

863670 PEPSICO INC 713448108 45 000 $9564 $4,304 $99 911 $4,496 37% $191 $126 280%

886463 WAL-MART STORES INC 931142103 40 000 $6370 $2,548 $61 300 $2,452 20% ($96) $78 318%

Total CONSUMER STAPLES

$9,871 $11,934 9.9% $2,061 $290 2.65%

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(19)

Account Details

CUSIP/

ISIN/

SIGMUND FOUNDATION, INC. - IM LARGE CAP CORE - U.S.

CONSUMER DISCRETIONARY

Report dated December 31, 2015 Page 6 of 10

Amortized tax cost Trade date basis

Average Percent

Shares / cost per Market value Market of asset Unrealized Estimated Current

units share/unit Cost per share / und value class gain/(Ioss) annual income yield

705591 DOLLAR GENERAL CORP 256677105 66 000 $4388 $2,896 $71 864 $4,743 39% $1,847 $58 1 22%

848064 MACY'S INC 55616P104 33 000 $3073 $1,014 $34970 $1,154 10% $139 $47 407%

858398 NIKE INC CL B 654106103 70 000 $4226 $2,958 $62500 $4,375 36% $1,416 $44 1 01%

864804 PVH CORP 693656100 45 000 $107 16 $4,822 $73 644 $3,314 28% ($1,508 ) $6 0 18%

869022 ROYAL CARIBBEAN CRUISES LD V7780T103 25 000 $7644 $1,911 $101 200 $2,530 2 1% $618 $37 1 46%

888827 YUM BRANDS INC 988498101 35 000 $6929 $2,425 $73 029 $2,556 21% $131 $64 250%

Total CONSUMER DISCRETIONARY UTILITIES

$ 16,026 $18,672 15 . 5% $2,643 $256 1.80%

700042 AMERICAN WATER WORKS CO 030420103 60 000 $4268 $2,561 $59 750 $3,585 30% $1,023 $81 226%

825997 EDISON INTERNATIONAL 281020107 55 000 $6560 $3,608 $59 200 $3,256 27% ($351) $105 322%

Total UTILITIES $ 6,169 $6,841 5 . 7% $672 $186 2.23%

Total LARGE CAP CORE - U.S.

LARGE CAP CORE - NON U.S.

INFORMATION TECHNOLOGY

$102,417 $120,469 100.0% $18,039 $1 , 946 1.62%

908153 ATOS FR0000051732/

5654781

25 000 $7684 $1,921 $84080 $2,102 25% $181 $21 100%

924950 HITACHI LTD ADR 433578507 40 000 $74 92 $2,997 $57.475 $2,299 2 7% ($698) $32 1 39%

978670 NOKIA AB ORD SHS F10009000681/

5902941

400 000 $734 $2,934 $7 160 $2,864 34% ($70) $60 209%

978753 ERICSSON LM TEL CO CL B SE0000108656/

5959378

170 000 $11 59 $1,971 $9 706 $1,650 20% ($320) $68 4 12%

Total INFORMATION TECHNOLOGY INDUSTRIALS

$9,823 $8,915 10.6% ($907 ) $ 181 1.17%

927371 ITOCHU CORP ADR 465717106 87 000 $1953 $1,699 $23 966 $2,085 25% $386 $51 245%

Total INDUSTRIALS

$1,699 $2,085 2.5% $386 $51 2.11%

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Account Details

CUSIP/

ISIN/

SIGMUND FOUNDATION, INC. - IM LARGE CAP CORE - NON U.S.

TELECOM SERVICES

Trade date basis

Average Percent

units share/unit Cost per share / unit value class gain/(loss ) annual income yield

90 1 909 CH I NA TELECOM ADR 169426103 50 000 $4 3 2 8 $2, 1 6 4 $ 46 440 $2,322 28 % $157 $55 237%

90401 8 KDDI CO RP ADR 48667L 106 174 000 $575 $1,001 $13 103 $2,280 27% $1,279 $32 1 4 0%

Total TELECOM SERVICES $3,165 $4 , 602 5.5% $1,436 $87 1.89%

HEALTH CARE

902926 ASTRAZENECA PLC GB0009895292/ 55 000 $7224 $3,973 $68 055 $3,743 4 5% ($229) $148 3 95%

0989529

905063 OTSUKA HOLDINGS CO LTD JP3188220002/ 50 000 $35 12 $1,756 $35.900 $1,795 2 1% $38 $41 228%

B5LTM93

987359 SHIONOGI & CO LTD JP3347200002/ 35 000 $4389 $1,536 $45 771 $1,602 1 9% $66 $17 1 06%

6804682

Total HEALTH CARE $7 , 265 $7,140 8.5% ($125 ) $ 206 1.77%

F IN ANCIALS

906108 WHARF HOLDINGS ADR 962257408 173 000 $ 1258 $2,1 76 $ 11.092 $1,919 23% ($256) $71 370%

906631 RSA INS GRP INC SPON ADR 74971A206 401 000 $7 22 $2, 8 94 $ 6 284 $2, 520 3 0% ($3 74) $ 34 1 35%

908525 SIAM COMM BANK UNSP ADR 825715105 55 000 $1893 $1,041 $13.273 $730 09% ($310) $31 42 5%

908763 MEDIOBANCA SPA ADR 58502K106 160 000 $9 77 $1, 563 $9650 $ 1, 544 1 8% ($ 1 9) $27 17 5%

911583 DBS GROUP HLDGS LTD ADR 23304Y100 65 000 $50 4 5 $3, 27 9 $ 47 046 $ 3, 058 3 6% ($2 2 0) $ 11 0 3 60%

915065 BNP PARIBAS SPON ADR 05565A202 116.0 00 $ 2 728 $3,164 $28 362 $3,290 3 9% $ 1 2 6 $ 67 2 04%

925099 HSBC HLDGS PLC ADR 404280406 85 000 $4984 $4,236 $39 459 $3,354 40% ($88 1) $212 63 2%

979039 ING GROEP N.V CVA NTFL NL0000303600/ 170 000 $1509 $2,566 $13.518 $2,298 27% ($268) $136 592%

7154182

979742 ORIX CORP JP3200450009/ 235 000 $1326 $3,116 $14272 $3,354 40% $237 $87 259%

66611 44

Total FINANCIALS $ 24,035 $22,067 26.3% ($1,965 ) $ 775 2.71%

CONSUMER STAPLES

906756 WILMAR INTERNATIONAL ADR 971433107 115 000 $2643 $3,039 $20.722 $2,383 28% ($656 ) $59 248%

Market prices are updated nightly and therefore will not reflect pricing changes made intraday Report run on Feb 10, 2016 by Kalwachwadmin

As a result there may be instances where market price information may differ from other

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(21)

Account Details

CUSIP/

ISIN/

SIGMUND FOUNDATION , INC. - IM LARGE CAP CORE - NON U.S.

CONSUMER STAPLES

Trade date basis

Average Percent

units share /unit Cost per share / unit value class gain/(loss) annual income yield

906774 UNILEVER NV NL0000009355/

B12T3J1

85 000 $3795 $3,226 $43 541 $3,701 44% $475 $105 284%

913104 S VEN SKA CL AKTIBL GT A DR 86958 74 02 7 5 000 $25 4 9 $1,912 $29227 $2,192 2 6% $280 $ 30 137%

929992 J SAI N SBURY SPN AD R N EW 466249208 17 0 000 $22 4 9 $ 3,82 3 $15 253 $ 2,593 3 1% ($1,229) $121 467%

Total CONSUMER STAPLES MATERIALS

$12,000 $10 , 869 13 . 0% ($1,130) $315 2.65%

906497 SUMITOMO METAL MIN CO LTD 86563T104 70 000 $13 09 $916 $ 1 2 2 86 $860 1 0% ($ 55) $ 19 2 21%

976123 RIO TINTO LTD AU000000RIO1/

6220103

60 000 $41 70 $2,502 $32 533 $1,952 23% ($549) $130 666%

Total MATERIALS

CONSUMER DISCRETIONARY

$3,418 $2,812 3.4% ($604) $149 5.30%

905543 PANDORA A/S ADR 698341104 65 000 $ 1608 $ 1,045 $ 31 723 $ 2,062 25% $1,016 $13 063%

905651 S K Y PLC ADR 83084V 106 55 000 $6 1 65 $3,39 1 $65 5 4 5 $ 3,6 05 43% $ 214 $ 109 302%

958638 TATA M O T O R S LTD AD R 8 76568 502 55 000 $ 31 91 $1,755 $ 29 455 $1,620 1 9% ($134) $7 043%

968661 BRIDGESTONE CORP ADR 108 441 205 90 000 $17.62 $1, 58 6 $17 3 44 $1,5 6 1 19% ($ 25) $ 34 218%

971721 KINGFISHER ORD GB0033195214/

33 1 9 52 1

445 000 $575 $2,560 $4 858 $2,162 26% ($398) $65 301%

972066 ACCOR FR0000120404/

5852842

35 000 $5057 $1,770 $43.429 $1,520 1 8% ($250) $36 237%

979703 NISSAN MOTOR JP3672400003/

6642860

255 000 $1027 $2,620 $10 643 $2,714 32% $93 $89 328%

Total CONSUMER DISCRETIONARY ENERGY

$ 14,727 $15,244 18 . 2% $516 $353 1.80%

915019 ENI S P A ADR 26874R108 65 000 $36 4 9 $2,3 7 2 $29 800 $ 1, 9 37 23% ($435) $99 5 11%

948208 SINOPEC/CHINA PETE&CHM ADR 16941R108 2 6 000 $ 7 850 $ 2, 0 41 $59 962 $ 1,559 1 9% ($ 4 8 2) $ 74 475%

970658 ENCANA CORP CA2925051047/

175 000 $1366 $2,390 $5 063 $886 1 1 % ($1,504) $35 395%

Report run on Feb 10, 2016 by Kalwachwadmin Version 10 1 1 5

(22)

Account Details

CUSIP/

ISIN/

SIGMUND FOUNDATION , INC. - IM LARGE CAP CORE - NON U.S.

ENERGY

Trade date basis

Average Percent

units share / unit Cost per share / unit value class gain/(loss) annual income yield

2 7 93193

978298 ENAGASSA ES0130960018/ 55 000 $3011 $1,656 $28218 $1,552 19% ($103) $63 406%

7 3830 7 2

Total ENERGY $8,459 $5 ,934 7 .1% ($2,524 ) $271 4.57%

UTILITIE S

905429 TOKYO G A S LTD ADR 889 1 15101 80 000 $1765 $1,412 $18975 $1,518 1 8% $105 $18 1 19%

979839 ELECTRIC PWR DEV CORP JP3551200003/ 75 000 $3557 $2,668 $35 973 $2,698 32% $30 $43 1 59%

B 0 2Q 328

Tota l UTI LIT IE S $ 4,080 $4,216 5 . 0% $ 135 $61 2.23%

Total LARGE CAP CORE - NON U . S. $88,671 $83,884 100 .0% ($4,782) $ 2,449 2.92%

LARGE CAP STRATEGIES LARGE CAP STRATEGIES FUNDS

943344 OW LARG E C AP STRATEG I ES F D 680 4 14109 34,429 669 $11 19 $385,396 $12 470 $429,337 1000% $43,941 $3,477 0.81%

Tota l LA RG E C AP STRATE GIES F U NDS $385,396 $429 ,337 100 .0% $43,941 $3,477 0.81%

Total LARGE CAP STRATEGIES $ 385,396 $429 ,337 100. 0% $43 ,941 $3,477 0.81%

SMALL & MID CAP

SMALL & MID CAP FUNDS

905637 OW SMALL & MID CAP FUND 680414604 1 0, 767 732 $1 0 23 $110,1 5 2 $14 880 $160,223 100 0% $ 50,071 $ 1,335 0 8 3%

Tota l SM ALL & MID CAP FU ND S $110,152 $160 , 223 100 . 0% $50,071 $ 1,335 0.83%

Total SMALL & MID CAP $110 , 152 $160 , 223 100 . 0% $50 ,071 $1, 335 0.83%

STRATEGIC OPPORTUNITIES STRATE G I C O PPORT U NITI ES FUNDS

943328 OW STRATEGIC OPPTYS FUND 6804 14802 32,44 5 5 00 $7 11 $ 230,544 $7 250 $235,229 1 00 0% $4,685 $ 3,796 161%

Total STRATEGIC OPPORTUNITIES FUNDS $230 ,544 $235, 229 100 . 0% $4,685 $3,796 1.61%

Market prices are updated nightly and therefore will not reflect pricing changes made intraday Report run on Feb 10, 2016 by Kalwachwadmm

As a result there may be instances where market price information may differ from other Version 10 1 1 5

Bessemer reporting systems that utilize finalized market prices

(23)

Account Details

CUSIP/ Average

ISIN/ Shares / cost per

Security no Security name SEDOL units share/unit

SIGMUND FOUNDATION, INC. - IM STRATEGIC OPPORTUNITIES

Amortized tax cost Trade date basis

Percent

Market value Market of asset Unrealized Estimated Current Cost per share/ unit value class gain/(loss ) annual income yield

Total STRATEGIC OPPORTUNITIES $ 230,544 $ 235 ,229 100.0% $4,685 $ 3,796 1.61%

Total

Market prices are updated nightly and therefore will not reflect pricing changes made intraday As a result there may be instances where market price information may differ from other Bessemer reporting systems that utilize finalized market prices

$1,162,155 $1,281,086 $118,922 $15,971 1.25%

Report run on Feb 10, 2016 by Kalwachwadmin Version 10 1 15