﻿<?xml version="1.0" encoding="utf-8"?>
<Return returnVersion="2015v3.0" xsi:schemaLocation="http://www.irs.gov/efile" xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2017-01-16T11:46:23-08:00</ReturnTs>
    <TaxPeriodEndDt>2016-04-30</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmName>
        <BusinessNameLine1Txt>Anstett CPA PA</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>1000 Tamiami Trl N Ste 502</AddressLine1Txt>
        <CityNm>Naples</CityNm>
        <StateAbbreviationCd>FL</StateAbbreviationCd>
        <ZIPCd>34102</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2015-05-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>203106952</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>WILLIAM C PALLAS MD FOUNDATION INC</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>WILL</BusinessNameControlTxt>
      <PhoneNum>2395143953</PhoneNum>
      <USAddress>
        <AddressLine1Txt>8231 BAY COLONY DRIVE</AddressLine1Txt>
        <CityNm>NAPLES</CityNm>
        <StateAbbreviationCd>FL</StateAbbreviationCd>
        <ZIPCd>34108</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>KATHERINE R PALLAS</PersonNm>
      <PersonTitleTxt>President</PersonTitleTxt>
      <SignatureDt>2017-01-16</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>Robert H Anstett</PreparerPersonNm>
      <PTIN>P00497968</PTIN>
      <PhoneNum>2394353536</PhoneNum>
    </PreparerPersonGrp>
    <TaxYr>2015</TaxYr>
    <BuildTS>2021-01-29 14:40:06Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="3">
    <IRS990PF documentId="IRS990PF" referenceDocumentId="GeneralExplanation 8453SignatureDocument.1" softwareId="15000324" softwareVersionNum="2015v3.0">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>76376</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>7</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>7</InterestOnSavNetInvstIncmAmt>
        <InterestOnSavingsAdjNetIncmAmt>7</InterestOnSavingsAdjNetIncmAmt>
        <TotalRevAndExpnssAmt>7</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>7</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>7</TotalAdjNetIncmAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="LegalFeesSchedule">975</LegalFeesRevAndExpnssAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSchedule AmortizationSchedule">150</OtherExpensesRevAndExpnssAmt>
        <TotOprExpensesRevAndExpnssAmt>1125</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>0</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>6300</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>6300</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>7425</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>0</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>6300</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-7418</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>7</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>7</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>83794</CashBOYAmt>
        <CashEOYAmt>76376</CashEOYAmt>
        <CashEOYFMVAmt>76376</CashEOYFMVAmt>
        <TotalAssetsBOYAmt>83794</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>76376</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>76376</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsSFAS117Ind>X</OrganizationFollowsSFAS117Ind>
        <UnrestrictedBOYAmt>83794</UnrestrictedBOYAmt>
        <UnrestrictedEOYAmt>76376</UnrestrictedEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>83794</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>76376</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>83794</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>76376</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>83794</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-7418</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>76376</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>76376</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>false</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>10700</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>91178</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.11735</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>8205</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>97006</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.08458</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>11088</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>114582</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.09677</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>2200</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>122954</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.01789</DistributionYr4Rt>
        <TotalDistributionRt>0.316597</TotalDistributionRt>
        <AverageDistributionRt>0.079149</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>80741</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>6391</AdjNetVlNoncharitableAssetsAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>6391</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>6300</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>0</InvestmentIncomeExciseTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <Form990TFiledInd>false</Form990TFiledInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>KATHERINE R PALLAS</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>2395143953</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>8231 BAY COLONY DR UNIT 1504</AddressLine1Txt>
          <CityNm>NAPLES</CityNm>
          <StateAbbreviationCd>FL</StateAbbreviationCd>
          <ZIPCd>34108</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <ActsFailToQlfyAsExceptionsInd>false</ActsFailToQlfyAsExceptionsInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <UndistrIncmSect4942a2NotAppInd>false</UndistrIncmSect4942a2NotAppInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <ExcessBusinessHoldingsInd>false</ExcessBusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <TransactionsFailToQlfyAsExcInd>false</TransactionsFailToQlfyAsExcInd>
        <MaintainedExpenditureRspnsInd>false</MaintainedExpenditureRspnsInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <ProceedsOrNetIncomeInd>false</ProceedsOrNetIncomeInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CHRISTOPHER PALLAS</PersonNm>
          <USAddress>
            <AddressLine1Txt>1 SEVENTH ST STE 1601</AddressLine1Txt>
            <CityNm>AUGUSTA</CityNm>
            <StateAbbreviationCd>GA</StateAbbreviationCd>
            <ZIPCd>30901</ZIPCd>
          </USAddress>
          <TitleTxt>Vice President</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>KATHERINE R PALLAS</PersonNm>
          <USAddress>
            <AddressLine1Txt>8231 BAY COLONY DR 1504</AddressLine1Txt>
            <CityNm>NAPLES</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>34108</ZIPCd>
          </USAddress>
          <TitleTxt>President</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MICHAEL TOMSHACK</PersonNm>
          <USAddress>
            <AddressLine1Txt>832 GEROGIA AVE 1200</AddressLine1Txt>
            <CityNm>CHATTANOOGA</CityNm>
            <StateAbbreviationCd>TN</StateAbbreviationCd>
            <ZIPCd>37402</ZIPCd>
          </USAddress>
          <TitleTxt>Secretary</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>0</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>81971</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>81971</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>81971</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>1230</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>80741</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>4037</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>4037</MinimumInvestmentReturnAmt>
        <DistributableBeforeAdjAmt>4037</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>4037</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>4037</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>6300</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>6300</QualifyingDistributionsAmt>
        <AdjustedQualifyingDistriAmt>6300</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>4037</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>4559</UndistributedIncomePYAmt>
        <ExcessDistributionCyovYr5Amt>1714</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr3Amt>11088</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>8250</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>10700</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>31752</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>6300</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>4559</AppliedToYear1Amt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>1741</AppliedToCurrentYearAmt>
        <ExcessDistriCyovAppCYCorpusAmt>2296</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>2296</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>29456</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovToNextYrAmt>29456</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear3Amt>10506</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>8250</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>10700</ExcessFromYear1Amt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>KATHERINE R PALLAS</ContributingManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ST KATHERINE GREEK ORTHODOX CHURCH</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>7100 AIRPORT PULLING RD N</AddressLine1Txt>
            <CityNm>NAPLES</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>34109</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>POF</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>RELIGIOUS ORGANIZATION</GrantOrContributionPurposeTxt>
          <Amt>6300</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>6300</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <UnrelatedBusinessTaxblIncmAmt>7</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>13</ExclusionCd>
        </IntOnSavAndTempCashInvstGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>7</UnrelatedBusinessTaxblIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>7</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <LegalFeesSchedule documentId="LegalFeesSchedule" softwareId="15000324" softwareVersionNum="2015v3.0">
      <LegalFeesGrp>
        <CategoryTxt>George Mantizidis, Atty at Law</CategoryTxt>
        <LegalFeesAmt>975</LegalFeesAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="15000324" softwareVersionNum="2015v3.0">
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT MGMT FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>150</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
  </ReturnData>
</Return>