Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2012
Open to Public Inspection
For calendar year 2012, or tax year beginning 01-01-2012 , and ending 12-31-2012
Name of foundation
KPB CORPORATION
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 11797   Room/suite
City or town, state, and ZIP code
CHARLOTTE, NC28220
A Employer identification number

94-3418538
B Telephone number (see instructions)

C bullet
G Check all that apply:

D 1. bullet
2. bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$2,593,771J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments 904 904  
4 Dividends and interest from securities...... 44,228 43,874  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 145,951
b Gross sales price for all assets on line 6a 1,331,557
7 Capital gain net income (from Part IV, line 2)... 145,951
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment -21,017    
12 Total. Add lines 1 through 11........ 170,066 190,729  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 16,800 16,800    
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 3,189 1,840    
19 Depreciation (attach schedule) and depletion... Click to see attachment 1,525    
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 48,690 37,208   11,482
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 70,204 55,848   11,482
25 Contributions, gifts, grants paid........ 487,210 487,210
26 Total expenses and disbursements. Add lines 24 and 25 557,414 55,848   498,692
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -387,348
b Net investment income (if negative, enter -0-) 134,881
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2012)
Form 990-PF (2012)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 531,058 350,944 350,944
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges........... 3,141 2,792 2,792
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 1,077,549 Click to see attachment976,762 1,165,032
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 910,082 Click to see attachment803,524 1,075,003
14 Land, buildings, and equipment: basis bullet10,540
Less: accumulated depreciation (attach schedule) bullet6,766 4,516 Click to see attachment3,774  
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,526,346 2,137,796 2,593,771
Liabilities 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 (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 2,526,346 2,137,796
30 Total net assets or fund balances (see page 17 of the
instructions).................... 2,526,346 2,137,796
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 2,526,346 2,137,796
Part III Analysis of Changes in Net Assets or Fund Balances
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 2,526,346
2 Enter amount from Part I, line 27a..................... 2 -387,348
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 2,138,998
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 1,202
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 2,137,796
Form 990-PF (2012)
Form 990-PF (2012)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(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.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a 1000 BLACKROCK UTILITY P 2012-05-29 2012-11-08
b 27 EV RCH BRS EQ P 2011-12-29 2012-05-29
c 325 FIDELITY ADV GOLD P 2009-11-11 2012-02-03
d 50 ISHARES MSCI SPAIN P 2012-04-10 2012-04-23
e 1 ISHARES S&P LATIN AMER P 2011-12-30 2012-05-08
15 ISHARES MSCI TURKEY P 2011-08-19 2012-05-08
300 AMER EXPRESS COMPANY P 2012-04-27 2012-07-19
200 INTL BUSINESS MACHINES P 2008-11-25 2012-11-14
95 CISCO SYSTEMS INC P 2012-07-30 2012-09-28
182 MOVADO GROUP INC P 2012-07-30 2012-12-31
74 STARWOOD HOTELS P 2011-09-14 2012-06-27
160 UNILEVER NV P 2011-08-19 2012-05-10
159 ISHARES DOW JONES P 2011-12-29 2012-12-31
765 FIRST EAGLE P 2012-04-11 2012-11-08
1 FIDELITY ADV GOLD P 2011-04-18 2012-02-03
6 FIDELITY ADV GOLD P 2009-12-14 2012-02-03
260 ISHARES MSCI TAIWAN P 2012-03-08 2012-05-08
14 ISHARES IBOXX P 2011-09-22 2012-05-08
60 ISHARES MSCI TURKEY P 2011-12-30 2012-05-08
700 MARKET VECTORS P 2012-03-16 2012-04-12
981 ORACLE CORP P 2007-07-31 2012-02-27
249 DUKE ENERGY CORP P 2011-08-11 2012-02-23
209 MOMENTA PHARMA INC P 2011-12-29 2012-01-26
126 STEELCASE INC P 2012-06-20 2012-07-30
9 WATSON PHARMACEUTICALS P 2012-06-27 2012-07-30
664 ALPS ALERIAN P 2011-12-29 2012-12-31
0.346 FIRST EAGLE P 2012-05-29 2012-11-08
1 FIDELITY ADV GOLD P 2011-04-18 2012-02-03
2 FIDELITY ADV GOLD P 2010-04-12 2012-02-03
279 ISHARES MSCI SINGAPORE P 2012-03-08 2012-05-08
55 ISHARES IBOXX P 2011-10-03 2012-05-08
135 MARKET VECTORS P 2011-10-27 2012-05-08
600 INTEL CORP P 2011-11-15 2012-09-06
500 ORACLE CORP P 2008-05-02 2012-02-27
97 DISNEY P 2011-12-29 2012-06-27
90 NUCOR CORPORATION P 2011-12-29 2012-05-23
72 TOTAL SA P 2011-12-29 2012-05-10
111 WASTE MANAGEMENT INC P 2011-12-29 2012-06-27
1016 KKR FINL HLDGS P 2012-09-05 2012-12-31
588 FIRST EAGLE P 2012-05-29 2012-11-08
12 FIDELITY ADV GOLD P 2011-04-18 2012-02-03
1 FIDELITY ADV GOLD P 2010-04-13 2012-02-03
600 DREYFUS HIGH YLD P 2012-04-17 2012-05-08
110 ISHARES BARCLAYS 1-3 YEAR P 2011-12-30 2012-01-31
42 MARKET VECTORS P 2011-12-30 2012-05-08
1000 JABIL CIRCUIT P 2012-02-03 2012-06-14
550 UNITED TECHS CORP P 2009-01-06 2012-11-14
42 EXXON MOBIL P 2011-08-09 2012-05-23
19 PLUM CREEK TIMBER CO P 2012-07-30 2012-12-31
24 TARGET CORP P 2012-06-27 2012-12-31
32 WYNN RESORTS P 2011-12-29 2012-02-22
0 TELEFONICA SA SPAIN P 2012-06-21 2012-06-21
0.118 FID ADV NEW INSIGHTS P 2012-05-29 2012-11-08
0.95 FIDELITY ADV GOLD P 2011-12-12 2012-02-03
1 FIDELITY ADV GOLD P 2010-12-13 2012-02-03
100 DREYFUS HIGH YLD P 2012-04-17 2012-05-08
78 ISHARES BARCLAYS TIPS P 2011-07-25 2012-05-08
100 MARKET VECTORS P 2011-12-30 2012-05-08
400 LIMITED BRANDS P 2011-11-15 2012-04-27
700 YUM BRANDS P 2009-06-25 2012-07-23
1 EXXON MOBIL P 2011-08-19 2012-05-23
32 JCPENNEY CO P 2012-06-27 2012-07-30
100 TARGET CORP P 2012-06-27 2012-12-31
5 SPDR S&P MIDCAP P 2011-12-29 2012-07-30
255 BLACKSTONE GROUP P 2011-12-29 2012-12-31
1143 FID ADV NEW INSIGHTS P 2012-05-29 2012-11-08
4 FIDELITY ADV GOLD P 2011-12-12 2012-02-03
11 FIDELITY ADV GOLD P 2010-12-13 2012-02-03
442 PROSHARES ULTRASHORT P 2012-01-31 2012-05-04
160 VANGUARD MSCI EMERGING P 2011-10-27 2012-05-08
255 KAYNE ANDERSON P 2011-07-25 2012-05-08
400 NU SKIN ENTERPR P 2011-07-13 2012-05-08
100 ARM HLDGS P 2011-12-29 2012-05-23
28 POWERSHARES QQQ P 2012-07-30 2012-12-31
294 JCPENNEY CO P 2012-06-27 2012-08-24
331 TATA MOTORS LTD P 2012-06-27 2012-07-30
29 SPDR S&P MIDCAP P 2011-12-29 2012-09-28
40 BLACKSTONE GROUP P 2012-08-06 2012-12-31
1000 BLACKROCK UTILITY P 2011-11-22 2012-11-08
324 FIRST EAGLE P 2005-12-14 2012-02-03
1 FIDELITY ADV GOLD P 2010-12-13 2012-02-03
352 SECTOR SPDR FINANCIAL P 2012-03-08 2012-05-08
81 PROSHARES ULTRA S&P P 2011-10-27 2012-01-27
359 SECTOR SPDR FINANCIAL P 2011-12-30 2012-05-08
238 SALIX PHRMCTCLS P 2012-04-30 2012-08-02
35 ARM HLDGS P 2011-12-29 2012-05-23
24 MARKET VECTORS P 2012-06-27 2012-07-30
55 PEPSICO P 2011-12-29 2012-06-20
124 TAL INTL GROUP P 2011-12-29 2012-05-10
97 BANK OF MONTREAL P 2011-08-11 2012-12-31
PASS THRU-MERLIN/AFTON LP P   2012-12-31
1069 FIRST EAGLE P 2011-07-19 2012-02-03
1 FIRST EAGLE P 2005-12-15 2012-02-03
15 FIDELITY ADV GOLD P 2010-12-13 2012-02-03
275 INDIA FUND INC P 2011-07-25 2012-05-08
120 PROSHARES ULTRA S&P P 2011-11-03 2012-01-27
401 PROSHARES ULTRA P 2012-03-08 2012-03-29
200 HUMANA INC P 2011-03-08 2012-05-01
112 ALLEGHANY TECH P 2011-12-29 2012-05-23
40 GOLDMAN SACHS P 2011-12-29 2012-05-23
34 PRAXAIR INC P 2011-12-29 2012-07-30
21 TRANSDIGM GROUP P 2011-08-19 2012-05-23
57 COACH INC P 2011-08-11 2012-08-24
PASS THRU-MERLIN/AFTON LP P   2012-12-31
1 FIRST EAGLE P 2011-12-14 2012-02-03
71 FIRST EAGLE P 2006-12-13 2012-02-03
2463 FT 2775 GERMANY PORT P 2011-02-11 2012-05-01
950 BLACKROCK INCOME TRUST P 2011-09-22 2012-05-08
89 ISHARES BARCLAYS 1-3 YEAR P 2011-12-30 2012-03-08
1 SPDR GOLD TRUST P 2011-10-03 2012-05-08
800 MICROSOFT CORP P 2011-06-28 2012-09-14
156 AVAGO TECHNOLOGIES P 2012-07-30 2012-12-31
101 HEINZ HJ P 2011-12-29 2012-09-28
22 PRECISION CASTPARTS P 2011-12-29 2012-06-20
22 TRANSDIGM GROUP P 2011-08-29 2012-05-23
2 COACH INC P 2011-08-19 2012-08-24
75 FIRST EAGLE P 2011-12-14 2012-02-03
1046 FIRST EAGLE P 2006-12-13 2012-02-03
10 APPLE INC P 2011-09-13 2012-03-29
250 ISHARES MSCI CDA P 2011-07-25 2012-05-08
185 PROSHARES ULTRA RUSSELL P 2011-10-27 2012-03-29
20 SPDR GOLD TRUST P 2011-10-27 2012-05-08
117 DU PONT EI P 2010-09-13 2012-01-06
300 ACTIVISION BLIZZARD P 2011-12-29 2012-06-20
18 HEINZ HJ P 2012-07-30 2012-09-28
14 ROCK TENN CO P 2012-06-27 2012-07-30
61 TRAVELERS COS INC P 2011-08-19 2012-05-23
161 CANADIAN OILS SANDS P 2011-12-29 2012-12-31
0.556 FIRST EAGLE P 2011-12-14 2012-02-03
476 FIRST EAGLE P 2006-12-13 2012-02-03
107 INDIA FUND INC P 2012-01-31 2012-05-08
265 ISHARES MSCI GERMANY P 2011-09-13 2012-01-27
150 PROSHARES ULTRA RUSSELL P 2011-11-03 2012-03-29
34 SPDR GOLD TRUST P 2012-04-10 2012-05-08
200 DU PONT EI P 2010-09-17 2012-01-06
24 BED BATH & BEYOND P 2011-08-24 2012-06-20
62 HELMERICH PAYNE P 2011-12-29 2012-05-10
123 ROCK TENN CO P 2012-06-27 2012-09-20
54 TIFFANY & CO P 2011-12-29 2012-07-30
37 JOHNSON CONTROLS INC P 2011-07-25 2012-08-24
8 FIRST EAGLE P 2011-12-14 2012-02-03
2 FIRST EAGLE P 2006-12-14 2012-02-03
229 CHINA FUND INC P 2012-04-10 2012-05-08
50 ISHARES NASDAQ P 2011-10-27 2012-05-08
111 PROSHARES ULTRA RUSSELL P 2011-12-30 2012-03-29
29 SPDR GOLD TRUST P 2011-10-03 2012-03-12
200 ENDO PHARMACEUTICALS P 2009-08-10 2012-02-15
39 BED BATH & BEYOND P 2011-08-24 2012-06-20
29 ISHARES DOW JONES P 2012-07-30 2012-12-31
100 RAYMOND JAMES FINL P 2011-12-29 2012-05-23
84 TIFFANY & CO P 2012-06-27 2012-07-30
4 JOHNSON CONTROLS INC P 2011-08-19 2012-08-24
3231 EV RCH BRS EQ P 2011-07-19 2012-05-29
1 FIRST EAGLE P 2006-12-14 2012-02-03
239 ISHARES MSCI GERMANY P 2012-04-10 2012-05-08
25 ISHARES NASDAQ P 2011-12-30 2012-05-08
415 MORGAN STANLEY EMERGING P 2011-07-25 2012-03-08
57 ALASKA AIR GROUP P 2012-02-03 2012-03-06
800 ENDO PHARMACEUTICALS P 2009-08-10 2012-02-15
74 COINSTAR INC P 2012-06-20 2012-08-24
122 ALPS ALERIAN P 2012-07-30 2012-12-31
17 RAYMOND JAMES FINL P 2011-12-29 2012-05-23
318 TELEFONICA SA SPAIN P 2011-12-29 2012-07-25
124 PLUM CREEK TIMBER CO P 2011-12-29 2012-12-31
1 EV RCH BRS EQ P 2011-12-29 2012-05-29
52 FIRST EAGLE P 2007-12-14 2012-02-03
292 ISHARES MSCI ITALY P 2012-04-10 2012-05-04
110 ISHARES S&P LATIN AMER P 2011-10-27 2012-05-08
10 MORGAN STANLEY EMERGING P 2011-07-25 2012-03-08
70 AETNA INC P 2012-02-03 2012-04-30
500 HERSHEY COMPANY P 2010-03-16 2012-02-07
68 CHECK POINT SOFTWARE P 2011-12-29 2012-07-30
30 INTL BUSINESS MACHINES P 2011-08-09 2012-07-25
13 ROCKWELL AUTOMATION P 2011-12-29 2012-07-30
8 TELEFONICA SA SPAIN P 2012-06-15 2012-07-25
78 POWERSHARES QQQ P 2011-12-29 2012-12-31
0.188 EV RCH BRS EQ P 2011-12-29 2012-05-29
345 FIRST EAGLE P 2007-12-14 2012-02-03
80 ISHARES MSCI SPAIN P 2012-04-10 2012-04-23
74 ISHARES S&P LATIN AMER P 2011-12-30 2012-05-08
115 ISHARES MSCI TURKEY P 2011-07-25 2012-05-08
480 AETNA INC P 2012-02-03 2012-04-30
143 HUMANA INC P 2010-09-13 2012-05-01
514 CISCO SYSTEMS INC P 2012-05-10 2012-09-28
77 JOHNSON CONTROLS INC P 2011-09-14 2012-08-24
73 ROYAL BANK CANADA P 2011-12-29 2012-05-23
450 TELEFONICA SA SPAIN P 2012-06-20 2012-07-25
100 POWERSHARES QQQ P 2011-12-29 2012-12-31
(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 18,701   17,823 878
b 278   266 12
c 15,246   14,979 267
d 1,211   1,337 -126
e 44   43 1
751   724 27
17,081   18,169 -1,088
37,318   15,852 21,466
1,816   1,524 292
5,373   4,421 952
3,709   3,182 527
5,308   5,270 38
10,251   9,109 1,142
20,999   19,997 1,002
47   52 -5
281   263 18
3,245   3,556 -311
1,625   1,628 -3
3,005   2,563 442
22,508   23,769 -1,261
28,449   19,031 9,418
5,151   4,513 638
3,112   3,664 -552
1,065   1,079 -14
710   646 64
10,479   10,390 89
10   9 1
47   52 -5
94   90 4
3,483   3,614 -131
6,383   6,211 172
3,908   4,320 -412
14,904   14,814 90
14,500   10,995 3,505
4,591   3,638 953
3,122   3,591 -469
3,267   3,645 -378
3,546   3,635 -89
10,607   9,647 960
16,141   14,994 1,147
563   618 -55
47   44 3
2,767   2,805 -38
9,195   9,342 -147
1,216   1,221 -5
18,291   23,835 -5,544
41,359   30,337 11,022
3,351   2,996 355
838   773 65
1,412   1,401 11
3,754   3,547 207
4     4
3   3  
45   46 -1
47   50 -3
461   468 -7
9,274   8,794 480
2,895   2,908 -13
20,420   17,340 3,080
44,393   23,540 20,853
80   88 -8
696   705 -9
5,883   5,838 45
859   801 58
3,935   3,592 343
25,386   24,997 389
188   188  
516   577 -61
8,027   8,051 -24
6,507   7,046 -539
7,365   7,404 -39
16,930   15,581 1,349
2,204   2,750 -546
1,815   1,815  
7,228   6,480 748
6,628   7,109 -481
5,225   4,645 580
617   554 63
18,701   20,000 -1,299
7,115   7,452 -337
47   52 -5
5,277   5,256 21
4,110   3,975 135
5,382   4,721 661
10,390   12,039 -1,649
772   962 -190
1,194   1,166 28
3,727   3,658 69
4,730   3,541 1,189
5,939   5,686 253
    93,123 -93,123
27,623   29,985 -2,362
22   23 -1
704   787 -83
5,506   8,403 -2,897
6,089   5,705 384
3,022   3,932 -910
16,499   12,644 3,855
3,818   5,394 -1,576
3,786   3,649 137
3,571   3,635 -64
2,564   1,825 739
3,137   3,041 96
139,993     139,993
26   26  
1,559   1,781 -222
22,911   25,000 -2,089
7,075   7,042 33
9,290   9,345 -55
155   163 -8
24,901   20,406 4,495
4,923   5,649 -726
5,626   5,472 154
3,637   3,641 -4
2,686   2,008 678
110   115 -5
1,938   1,736 202
22,970   26,244 -3,274
6,068   3,900 2,168
6,593   8,197 -1,604
8,142   7,095 1,047
3,092   3,456 -364
8,158   7,592 566
3,431   3,683 -252
1,003   996 7
816   734 82
3,767   3,050 717
3,251   3,586 -335
14   13 1
10,453   11,943 -1,490
2,142   2,398 -256
5,691   4,815 876
6,602   5,547 1,055
5,257   5,538 -281
9,218   8,793 425
1,756   1,285 471
2,893   3,638 -745
8,221   6,447 1,774
3,055   3,620 -565
983   1,474 -491
207   185 22
44   50 -6
5,099   5,290 -191
6,134   5,050 1,084
4,885   3,927 958
4,740   4,713 27
7,049   4,212 2,837
2,853   2,088 765
1,870   1,900 -30
3,202   3,132 70
4,752   4,263 489
106   146 -40
33,312   34,992 -1,680
22   25 -3
5,018   5,199 -181
3,067   2,650 417
6,902   7,338 -436
3,882   4,510 -628
28,195   16,847 11,348
3,734   4,950 -1,216
1,925   1,959 -34
544   532 12
3,323   5,417 -2,094
5,469   4,604 865
10   11 -1
1,142   1,223 -81
3,253   3,414 -161
4,795   5,188 -393
166   177 -11
3,056   3,066 -10
30,334   21,620 8,714
3,271   3,587 -316
5,751   5,115 636
884   951 -67
84   113 -29
5,057   4,356 701
2   2  
7,576   8,111 -535
1,938   2,139 -201
3,226   3,193 33
5,759   6,294 -535
20,954   21,026 -72
11,797   7,600 4,197
9,824   8,723 1,101
2,046   2,273 -227
3,669   3,672 -3
4,702   5,713 -1,011
6,483   5,584 899
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       878
b       12
c       267
d       -126
e       1
      27
      -1,088
      21,466
      292
      952
      527
      38
      1,142
      1,002
      -5
      18
      -311
      -3
      442
      -1,261
      9,418
      638
      -552
      -14
      64
      89
      1
      -5
      4
      -131
      172
      -412
      90
      3,505
      953
      -469
      -378
      -89
      960
      1,147
      -55
      3
      -38
      -147
      -5
      -5,544
      11,022
      355
      65
      11
      207
      4
       
      -1
      -3
      -7
      480
      -13
      3,080
      20,853
      -8
      -9
      45
      58
      343
      389
       
      -61
      -24
      -539
      -39
      1,349
      -546
       
      748
      -481
      580
      63
      -1,299
      -337
      -5
      21
      135
      661
      -1,649
      -190
      28
      69
      1,189
      253
      -93,123
      -2,362
      -1
      -83
      -2,897
      384
      -910
      3,855
      -1,576
      137
      -64
      739
      96
      139,993
       
      -222
      -2,089
      33
      -55
      -8
      4,495
      -726
      154
      -4
      678
      -5
      202
      -3,274
      2,168
      -1,604
      1,047
      -364
      566
      -252
      7
      82
      717
      -335
      1
      -1,490
      -256
      876
      1,055
      -281
      425
      471
      -745
      1,774
      -565
      -491
      22
      -6
      -191
      1,084
      958
      27
      2,837
      765
      -30
      70
      489
      -40
      -1,680
      -3
      -181
      417
      -436
      -628
      11,348
      -1,216
      -34
      12
      -2,094
      865
      -1
      -81
      -161
      -393
      -11
      -10
      8,714
      -316
      636
      -67
      -29
      701
       
      -535
      -201
      33
      -535
      -72
      4,197
      1,101
      -227
      -3
      -1,011
      899
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 145,951
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) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3 -96,885
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2011 475,004 3,311,264 0.143451
2010 462,406 3,612,384 0.128006
2009 506,179 3,520,102 0.143797
2008 411,752 4,297,741 0.095807
2007 644,655 5,167,913 0.124742
2 Total of line 1, column (d) ...................... 2 0.635803
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. . . 		3 0.127161
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 2,712,223
5 Multiply line 4 by line 3....................... 5 344,889
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,349
7 Add lines 5 and 6......................... 7 346,238
8 Enter qualifying distributions from Part XII, line 4.............. 8 498,692
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.
Form 990-PF (2012)
Form 990-PF (2012)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 1,349
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 1,349
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,349
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 4,141
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,141
8 Enter any penalty for underpayment of estimated tax. 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.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,792
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet2,792 Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
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 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
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
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
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
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNC
    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
    Yes
     
    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 2012 or the taxable year beginning in 2012 (see instructions for Part XIV)?
    If “Yes,” complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    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
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletBRYAN TAYLOR Telephone no.bullet (704) 342-1000
    Located atbulletP O BOX 11797PO BOX 11797CHARLOTTENC ZIP+4bullet28220
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2012, 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? .................
    16
     
    No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 5
    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
    1a
    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
    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.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2012?.............
    1c
     
     
    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 2012, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2012?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    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.) ..............
    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.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If “Yes,” did it have excess business holdings in 2012 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 2012.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2012?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (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 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    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?............
    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?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    JM BRYAN TAYLORClick to see attachment TRUSTEE
    15.00     		0 0 0
    PO BOX 11797
    CHARLOTTE,NC28220
    JOHN TAYLORClick to see attachment TRUSTEE
    1.00     		0 0 0
    PO BOX 11797
    CHARLOTTE,NC28220
    SHAWN TAYLORClick to see attachment TRUSTEE
    2.00     		0 0 0
    PO BOX 11797
    CHARLOTTE,NC28220
    CAROLYN TAYLORClick to see attachment TRUSTEE
    1.00     		0 0 0
    PO BOX 11797
    CHARLOTTE,NC28220
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). 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 (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part 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...................
    1a
    1,361,810
    b
    Average of monthly cash balances.......................
    1b
    316,713
    c
    Fair market value of all other assets (see instructions)................
    1c
    1,075,003
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,753,526
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    2,753,526
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    41,303
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,712,223
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    135,611
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    135,611
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    1,349
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,349
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    134,262
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    134,262
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    134,262
    Part XII
    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
    498,692
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    498,692
    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 (see instructions).................
    5
    1,349
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    497,343
    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 (2012)
    Form 990-PF (2012)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2011     		(c)
    2011     		(d)
    2012
    1 Distributable amount for 2012 from Part XI, line 7 134,262
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2012:
    a From 2007....... 396,630
    b From 2008....... 197,317
    c From 2009....... 331,803
    d From 2010....... 284,974
    e From 2011....... 311,527
    fTotal of lines 3a through e......... 1,522,251
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 498,692
    a Applied to 2011, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2012 distributable amount..... 134,262
    e Remaining amount distributed out of corpus 364,430
    5 Excess distributions carryover applied to 2012.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,886,681
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2011. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2012. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2013 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		 
    8Excess distributions carryover from 2007 not
    applied on line 5 or line 7 (see instructions) ...     		396,630
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		1,490,051
    10 Analysis of line 9:
    a Excess from 2008.... 197,317
    b Excess from 2009.... 331,803
    c Excess from 2010.... 284,974
    d Excess from 2011.... 311,527
    e Excess from 2012.... 364,430
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2012, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2012 (b) 2011 (c) 2010 (d) 2009
             
    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)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList 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).)
    bList 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.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 10
    Part XV
    Supplementary 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
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    CAMP SEAGULL
    218 SEA GULL LANDING
    ARAPAHOE,NC28510     		    FOR OPERATING FUNDS 1,500
    CAMP MERRIEWOODS FDN
    100 MERRIE-WOODE ROAD
    SAPPHIRE,NC28774     		    FOR OPERATING FUNDS 10,000
    NC INST FOR CONSTITUTIONAL LAW
    414 FAYETTEVILLE STST G
    RALEIGH,NC27601     		    FOR OPERATING FUNDS 3,500
    HISTORIC ROSEDALE FDN
    3427 N TRYON ST
    CHARLOTTE,NC28206     		    FOR OPERATING FUNDS 250
    UNC
    PO BOX 309
    CHAPEL HILL,NC27514     		    FOR OPERATING FUNDS 12,250
    CATO INSTITUTE
    1000 MASSACHUSETTS AVENW
    WASHINGTON,DC20001     		    FOR OPERATING FUNDS 33,200
    UVA
    211 EMMET ST S
    CHARLOTTESVILLE,VA22903     		    FOR OPERATING FUNDS 10,000
    PHILANTHROPHY ROUNDTABLE
    1730 M ST NW
    WASHINGTON,DC20036     		    FOR OPERATING FUNDS 5,000
    BRIDGE
    510 E PARK AVE
    CHARLOTTE,NC28203     		    FOR OPERATING FUNDS 1,000
    MYERS PARK TRINITY LITTLE LEAGUE
    PO BOX 11156
    CHARLOTTE,NC28220     		    FOR OPERATING FUNDS 9,300
    MYERS PARK PRESBYTERIAN CHURCH
    2501 OXFORD PLACE
    CHARLOTTE,NC28207     		    FOR OPERATING FUNDS 8,500
    COMMUNITY SCHOOL OF THE ARTS
    345 NORTH COLLEGE ST
    CHARLOTTE,NC28202     		    FOR OPERATING FUNDS 3,000
    US LACROSSE FDN
    113 WEST UNIVERSITY PKWY
    BALTIMORE,MD21210     		    FOR OPERATING FUNDS 635
    CHARLOTTE COUNTRY DAY SCHOOL
    1440 CARMEL ROAD
    CHARLOTTE,NC28226     		    FOR OPERATING FUNDS 8,750
    JOHN LOCKE FDN
    200 W MORGAN200
    RALEIGH,NC27601     		    FOR OPERATING FUNDS 24,150
    CHRIST SCHOOL
    500 CHRIST SCHOOL ROAD
    ARDEN,NC28704     		    FOR OPERATING FUNDS 9,900
    KNOCK OUT ABUSE
    1050 17TH STSTE 1200
    WASHINGTON,DC20036     		    FOR OPERATING FUNDS 10,000
    VIRGINIA ATHLETHIC FDN
    1815 STADIUM RD
    CHARLOTTESVILLE,VA22903     		    FOR OPERATING FUNDS 11,300
    JEFFERSON SCHOLARS PROGRAM
    PO BOX 400891
    CHARLOTTESVILLE,VA22903     		    FOR OPERATING FUNDS 20,000
    CHILDRENS THEATRE
    300 EAST 7TH STREET
    CHARLOTTE,NC28202     		    FOR OPERATING FUNDS 1,000
    US AGAINST ALZHEIMERS
    1101 K ST NW
    WASHINGTON,DC20005     		    FOR OPERATING FUNDS 40,000
    GEORGETOWN UNIV
    3700 O ST NW
    WASHINGTON,DC20036     		    FOR OPERATING FUNDS 10,000
    CHILDRENS NATL MEDICAL CTR
    111 MICHIGAN AVE NW
    WASHINGTON,DC20310     		    FOR OPERATING FUNDS 35,000
    POTOMAC SCHOOL
    1301 POTOMAC SCHOOL RD
    MCLEAN,VA22101     		    FOR OPERATING FUNDS 15,000
    INSTITUTE FOR EDUCATION
    2041 GA AVE NW
    WASHINGTON,DC20060     		    FOR OPERATING FUNDS 2,500
    CANTERBURY SCHOOL
    101 ASPETUCK AVENUE
    NEW MILFORD,CT06776     		    FOR OPERATING FUNDS 5,000
    HOLTON ARMS SCHOOL
    7303 RIVER ROAD
    BETHESDA,MD20817     		    FOR OPERATING FUNDS 135,000
    GREEN HILL GALLERY
    200 N DAVIE ST
    GREENSBORO,NC27401     		    FOR OPERATING FUNDS 5,000
    BECHTLER MUSEUM
    420 S TRYON ST
    CHARLOTTE,NC28202     		    FOR OPERATING FUNDS 2,000
    ROOM TO BLOOMMINT MUSEUM
    500 S TRYON ST
    CHARLOTTE,NC28202     		    FOR OPERATING FUNDS 1,200
    HABITAT FOR HUMANITY
    88 VILCOM CTR DR
    CHAPEL HILL,NC27514     		    FOR OPERATING FUNDS 1,500
    CHILDREN'S SCHOLARSHIP FUND
    220 NORTH TRYON STREET
    CHARLOTTE,NC28202     		    FOR OPERATING FUNDS 2,500
    FIELDS OF GROWTH
    PO BOX 2
    AVON BY THE SEA,NJ07717     		    FOR OPERATING FUNDS 10,000
    HILLSDALE COLLEGE
    33 E COLLEGE ST
    HILLSDALE,MI49242     		    FOR OPERATING FUNDS 500
    YOUNG LIFE FOR AFRICA
    420 N CASCADE AVE
    COLORADO SPRINGS,CO80903     		    FOR OPERATING FUNDS 250
    CASA FOR CHILDREN
    515 M ST SE
    WASHINGTON,DC20003     		    FOR OPERATING FUNDS 2,500
    UVA PARENTS COMM
    PO BOX 400807
    CHARLOTTESVILLE,VA22904     		    FOR OPERATING FUNDS 2,500
    DISCOVERY PLACE
    301 N TRYON STREET
    CHARLOTTE,NC28202     		    FOR OPERATING FUNDS 2,500
    HOUNDS FOUNDATION
    201 E TRADE ST
    CHARLOTTE,NC28202     		    FOR OPERATING FUNDS 1,000
    NC DANCE THEATRE
    701 N TRYON ST
    CHARLOTTE,NC28202     		    FOR OPERATING FUNDS 2,000
    CHARITY WORKS
    1320 OLD CHAIN BRIDGE RD
    WASHINGTON,DC20036     		    FOR OPERATING FUNDS 10,000
    USGA
    PO BOX 708
    FAR HILLS,NJ07931     		    FOR OPERATING FUNDS 650
    CHARLOTTE FIRE FIGHTERS
    4419 MONROE RD
    CHARLOTTE,NC28205     		    FOR OPERATING FUNDS 390
    ELON HOMES FOR CHILDREN
    1717 SHARON ROAD W
    CHARLOTTE,NC28210     		    FOR OPERATING FUNDS 1,500
    J W POPE CTR FOR HIGHER EDUCATION
    353 E SIX FORKS RD
    RALEIGH,NC27609     		    FOR OPERATING FUNDS 1,000
    GOOD FELLOWS
    700 PARKWOOD AVE
    CHARLOTTE,NC28205     		    FOR OPERATING FUNDS 1,085
    MECKLENBURG CO COUNCIL BSA
    1410 EAST 7TH STREET
    CHARLOTTE,NC28204     		    FOR OPERATING FUNDS 2,000
    NC MUSEUM OF ART
    2110 BLUE RIDGE RD
    RALEIGH,NC27607     		    FOR OPERATING FUNDS 2,000
    CHARLOTTE MECKLENBURG FOP 9
    5501 EXECUTIVE CENTER DR
    CHARLOTTE,NC28212     		    FOR OPERATING FUNDS 400
    CHILDRENS SCORE PROGRAM
    111 MICHIGAN AVE NW
    WASHINGTON,DC20010     		    FOR OPERATING FUNDS 5,000
    GOOD FRIENDS
    4600 PARK ROAD
    CHARLOTTE,NC28209     		    FOR OPERATING FUNDS 500
    ALEXANDER YOUTH NETWORK
    6220 THERMAL ROAD
    CHARLOTTE,NC28211     		    FOR OPERATING FUNDS 1,500
    URBAN MINISTRY
    945 NORTH COLLEGE ST
    CHARLOTTE,NC28206     		    FOR OPERATING FUNDS 1,000
    POUNDING THE PAVEMENT FOR PARK
    PO BOX 32861
    CHARLOTTE,NC28232     		    FOR OPERATING FUNDS 1,000
    Total .................................bullet 3a 487,210
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 904  
    4 Dividends and interest from securities....     14 44,228  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 145,951  
    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)..   191,083 -21,017
    13Total. Add line 12, columns (b), (d), and (e)..................
    13170,066
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		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). (See
    instructions.)
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 12
    Part 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
    Yes
    No
    501(c) of 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...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    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) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    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.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    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 and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2012)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2012 AccountingFeesSchedule
    Name:
    KPB CORPORATION
    EIN: 94-3418538
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
      16,800 16,800    

    TY 2012 CompensationExplanation
    Name:
    KPB CORPORATION
    EIN: 94-3418538
    Person Name Explanation
    JM BRYAN TAYLOR  
    JOHN TAYLOR  
    SHAWN TAYLOR  
    CAROLYN TAYLOR  

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2012 DepreciationSchedule
    Name:
    KPB CORPORATION
    EIN: 94-3418538
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    SHELVES 2004-11-30 668 668 S/L 7.0000        
    COMPUTER 2006-04-30 1,182 1,182 S/L 5.0000        
    IMAC 2008-01-31 2,747 2,197 S/L 5.0000 550      
    OFFICE CHAIR 2010-09-23 1,701 304 S/L 7.0000 243      
    MAC COMPUTER 2010-09-08 2,844 758 S/L 5.0000 569      
    PRINTER 2010-12-08 616 133 S/L 5.0000 124      
    IPAD 2012-09-30 782   S/L 5.0000 39      

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    KPB CORPORATION
    EIN: 94-3418538
    Name of Stock End of Year Book Value End of Year Fair Market Value
    VERIZON COMM-137 EOY 6,528 6,880
    AMER WTR WKS CO-EOY-168 4,396 7,277
    MASTERCARD-12 EOY 3,976 7,369
    FIRST EAGLE OVERSEAS-6318 89,594 94,387
    50 SH BLACKROCK 51,282 51,621
    331 SH FID ADV GOLD    
    31 SH FID ADV GOLD    
    18 SH FID ADV GOLD    
    1000 NUVEEN MRTGE OPRTNTY 24,992 27,780
    500 NUVEEN MRTGE OPRTNTY 11,740 13,050
    FIDELITY ADV INTL-EOY-5657 55,165 44,178
    1373 SH FID ADV NEW INSIGHT 13,568 31,603
    1000 SH ALTRIA 16,230 31,440
    200 SH IBM    
    700 SH YUM BRANDS    
    550 SH UNITED TECHS    
    340 SH COCA COLA 14,984 24,650
    355 SH COCA COLA 15,698 25,738
    981 SH ORACLE CORP    
    500 SH ORACLE CORP    
    1000 SH ENDO PHARM    
    500 SH HERSHEY CO    
    177 SH DU PONT E I DE NEMOURS    
    200 SH DU PONT E I DE NEMOURS    
    143 SH HUMANA INC    
    200 SH HUMANA INC    
    500 SH DANAHER CORP 13,843 27,950
    QUALCOMM-EOY-66 4,121 5,011
    JP MORGAN CHASE-EOY-110 4,005 4,837
    DUKE ENERGY-EOY-249    
    STARWOOD HOTELS-EOY-74    
    PROCTER & GAMBLE-EOY-82 5,839 6,517
    APPLE -EOY-22 10,447 13,836
    JOHNSON CONTROLS-EOY-118    
    EXXON-EOY-43    
    IBM-EOY-30    
    ACCENTURE-EOY-106 6,568 8,047
    BANK OF MONTREAL-EOY-97    
    COACH INC-EOY-59    
    ISHARES S&P GLBL HEALTH-EOY-145 9,433 11,417
    TRANSDIGM GRP-EOY-43    
    TRAVELERS CO-EOY-61    
    UNILEVER-EOY-160    
    BED,BATH,BEYOND-EOY-63    
    LVMH MOET HENNESSY-EOY-162 6,256 7,689
    PRUDENTIAL FINL-EOY-72 4,270 4,640
    FT2775 GERMANY PORT-EOY-2463    
    FIRST EAGLE FD-AMERICA-EOY-1069    
    EATON VANCE RCHRD BRSTN-3261    
    BLACKROCK UTIL& INFRA-EOY-1000    
    PFIZER-EOY-1000 19,955 25,079
    EXXON-EOY-302 24,201 26,138
    MICROSOFT-EOY-800    
    DISCOVER FINL SVCS-EOY-700 17,087 26,985
    NU SKIN ENT-EOY-400    
    TJX COS-EOY-415 24,042 35,234
    INTEL CORP-EOY-600    
    ELI LILLY & CO-EOY-500 18,805 24,660
    LIMITED BRANDS-EOY-400    
    VERISK ANALYTICS-EOY-400 14,812 20,388
    INDIA FUND -EOY-275    
    ISHARES MSCI CDA INDEX-EOY-275    
    ISHARES BARCLAYS TIPS-EOY-78    
    M STANLEY EMERGING MKT-EOY-425    
    ISHARES MSCI TURKEY INDEX-EOY-130    
    KAYNE ANDERSON MLP-EOY-255    
    ISHARES MSCI GERMANY-EOY-265    
    SPDR GOLD TRUST-EOY-50    
    APPLE INC-EOY-10    
    BLACKROCK INCOME TR-EOY-950    
    ISHARES IBOXX INVT GR-EOY-69    
    ISHARES NASDAQ BIOTECH-EOY-50    
    ISHARES S&P LATIN AMER-EOY-110    
    VANGUARD MSCI EMERG MKT-EOY-160    
    PROSHARES ULTRA S&P 500-EOY-201    
    PROSHARES ULTRA RUSSELL-EOY-335    
    MKT VECTORS ETF-EOY-135    
    POTASH CORP 8,231 7,568
    ROCHE HOLDING LTD 5,346 6,363
    ORACLE CORP 5,313 6,731
    ISHARES GOLD TR 12,635 13,528
    ISHARES S&P MIDCAP 400 GR 30,912 35,842
    DR PEPPER SNAPPLE 4,317 4,683
    ISHARES RS 2000 GROWTH 29,495 32,882
    CONTINENTAL RESOURCES 4,358 4,777
    FREEPRT-MCMRAN CPR 6,797 6,908
    AVIS BUDGET GROUP 5,429 9,375
    MARKET VECTORS AGRBUSNSS 11,080 12,029
    UNION PACIFIC 3,679 4,400
    GENERAL ELECTRIC 6,425 7,284
    NOVO NORDISK 5,485 7,508
    ROCKWELL AUTOMATION 6,569 7,727
    CUMMINS,INC 4,808 5,418
    STEELCASE INC 6,227 9,262
    TIME WARNER 7,413 9,279
    WATSON PHARMACEUTICALS 6,464 7,740
    RIO TINTO PLC 4,941 5,867
    GOLDMAN SACHS 11,269 13,364
    ROYAL CARIBBEAN CRUISES 7,070 7,922
    WALTER ENERGY INC 6,961 7,678
    LAS VEGAS SANDS 7,022 6,970
    COOPER TIRE RUBBER 4,483 6,695
    WEATHERFORD INTL LTD 5,558 5,002
    WABTEC 4,491 4,902
    HARMAN INTL TOOLS 5,578 6,160
    SPIRIT AIRLS INC 6,908 5,798
    WELLS FARGO 4,839 5,024
    UNITED TECHS CORP 3,604 4,018
    GOOGLE 3,823 4,244
    ABBOTT LABS 4,654 5,240
    ENCANA CORP 4,653 4,505
    EASTMAN CHEMICAL 24,429 30,623
    FIRST TR ISE REVERE 19,060 15,680
    VIACOM 11,948 13,501
    STERICYCLE 18,955 19,309
    TESORO CORP 19,005 22,950
    SPDR SP HOMEBUILDERS 21,060 23,940
    KIMBERLY CLARK 20,992 21,108
    AMGEN INC 3,734 3,793
    COMMUNITY HEALTH SYS NEW 11,186 12,204
    COOPER TIRE RUBBER 14,994 16,433
    MYLAN INC 9,960 11,255
    SECTOR SPDR FINANCIAL 24,518 24,585
    MARATHON OIL 21,957 31,500
    MUELLER WATER PRODUCTS 6,290 11,057

    TY 2012 InvestmentsOtherSchedule2
    Name:
    KPB CORPORATION
    EIN: 94-3418538
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MERLIN LTD AT COST 803,524 1,075,003

    TY 2012 LandEtcSchedule2
    Name:
    KPB CORPORATION
    EIN: 94-3418538
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    EQUIPMENT 10,540 6,766 3,774  


    TY 2012 OtherDecreasesSchedule
    Name:
    KPB CORPORATION
    EIN: 94-3418538
    Description Amount
    1/2 DINNER MEETING EXPENSE 1,202


    TY 2012 OtherExpensesSchedule
    Name:
    KPB CORPORATION
    EIN: 94-3418538
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    INVESTMENT EXPENSES 37,208 37,208    
    OFFICE SUPPLIES 2,091     2,091
    POSTAGE AND DELIVERY 714     714
    TELECOMMUNICATIONS 4,715     4,715
    DUES AND SUBSCRIPTIONS 558     558
    BANK CHARGES 50     50
    REPAIRS 678     678
    TRAVEL 1,474     1,474
    1/2 DINNER MEETING EXPENSE 1,202     1,202


    TY 2012 OtherIncomeSchedule2
    Name:
    KPB CORPORATION
    EIN: 94-3418538
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
      -21,017    


    TY 2012 TaxesSchedule
    Name:
    KPB CORPORATION
    EIN: 94-3418538
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX PAID-VARIOUS ML NOM 1,840 1,840    
    FEDERAL EXCISE TAX-PRIOR YEAR        
    FEDERAL EXCISE TAX ESTIMATE-CUR 1,349