TY 2013 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

Do not enter Social Security numbers on this form as it may be made public. By law, the IRS cannot redact the information on the form.
bullet

Information about Form 990-PF and its instructions is at www.irs.gov/form990pf.

OMB No. 1545-0052

2013

Open to Public Inspection

For calendar year 2013, or tax year beginning 01-01-2013 , and ending 12-31-2013

Name of foundation
BAILEY ENDOWMENT INC

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 208 Room/suite

City or town, state or province, country, and ZIP or foreign postal code
SHELBY, NC281510208

A Employer identification number

56-1802700

B Telephone number (see instructions)

(704) 487-8888

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85% test,
check here and attach computation ........... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ......... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$1,501,958J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ......... bullet

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)	7,500
2	Check
3	Interest on savings and temporary cash investments	147		147	147
4	Dividends and interest from securities......	32,202		32,202	32,202
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		111,739
b	Gross sales price for all assets on line 6a 1,391,717
7	Capital gain net income (from Part IV, line 2)...			111,739
8	Net short-term capital gain.........				23,242
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).......		4,774		4,774
12	Total. Add lines 1 through 11........	156,362		144,088	60,365
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).......		3,150	175
c	Other professional fees (attach schedule)....		19,511	16,261
17	Interest...............
18	Taxes (attach schedule) (see instructions)		1,880	536
19	Depreciation (attach schedule) and depletion...		686
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		678	238
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	25,905		17,210		0
25	Contributions, gifts, grants paid........	80,545				80,545
26	Total expenses and disbursements. Add lines 24 and 25	106,450		17,210		80,545
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	49,912
b	Net investment income (if negative, enter -0-)			126,878
c	Adjusted net income (if negative, enter -0-)...				60,365

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2013)

Form 990-PF (2013)

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
Part II		Balance Sheets		(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............
	2	Savings and temporary cash investments..........		100,785	135,703	135,703
	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 (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........		10,192	8,848	8,848
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule)........		1,184,729	1,200,397	1,331,828
	c	Investments—corporate bonds (attach schedule)........
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........		25,524	25,579	25,579
	14	Land, buildings, and equipment: basis 1,307
		Less: accumulated depreciation (attach schedule) 686			621
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)		1,321,230	1,371,148	1,501,958
		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 )			6
23		Total liabilities (add lines 17 through 22)..........			6
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		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		1,321,230	1,371,142
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................		1,321,230	1,371,142
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................		1,321,230	1,371,148

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	1,321,230
2	Enter amount from Part I, line 27a.....................	2	49,912
3	Other increases not included in line 2 (itemize)	3
4	Add lines 1, 2, and 3..........................	4	1,371,142
5	Decreases not included in line 2 (itemize)	5
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	1,371,142

Form 990-PF (2013)

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	ABBVIE INC	P	2013-04-03	2013-06-26
b	ALERIAN MLP ETF	P	2012-10-10	2013-10-07
c	AMERICAN INTL GROUP	P	2012-08-08	2013-04-03
d	BOEING CO	P	2012-09-05	2013-01-08
e	CONAGRA INC	P	2013-04-03	2013-09-05
	EPR PPTYS COM	P	2013-08-20	2013-10-07
	GENERAL ELECTRIC	P	2012-11-19	2013-04-03
	HOTCHKIS & WILEY	P	2012-07-30	2013-01-30
	LORILLARD INC	P	2012-08-16	2013-02-27
	MFS GOVT MKT INCOME TR	P	2012-02-08	2013-01-30
	OCCIDENTAL PETE CORP	P	2012-04-18	2013-01-30
	POWERSHARES EXCHANGE TRADED	P	2013-05-23	2013-10-07
	SBA COMMUNICATIONS CORP	P	2012-11-30	2013-04-03
	TORTOISE ENERGY INFRASTRUCTURE	P	2012-02-08	2013-01-30
	WYNDHAM WORLDWIDE CORP	P	2013-04-03	2013-06-24
	AQR FDS RISK PARITY	P	2012-07-11	2013-10-15
	CHEVRONTEXACO CORP	P	2011-09-16	2013-04-03
	EATON VANCE TAX MAN GLBL	P	2011-09-16	2013-01-30
	GOOGLE INC	P	2011-09-16	2013-01-30
	INTERNATIONAL BUSINESS MACHS	P	2011-09-16	2013-01-30
	LTC PPTYS INC	P	2011-09-16	2013-08-09
	MICROCHIP TECHNOLOGY INC	P	2012-09-07	2013-10-07
	NOBLE CORP	P	2011-10-27	2013-01-30
	PFIZER INC	P	2011-03-14	2013-01-30
	RAYONIER INC	P	2011-10-19	2013-12-13
	TELEFONICA BRASIL SA	P	2011-09-16	2013-02-22
	ABSOLUTE STRATEGIES	P	2012-08-01	2013-01-30
	ALERIAN MLP ETF	P	2012-10-09	2013-10-07
	AMERICAN INTL GROUP	P	2012-08-20	2013-04-03
	BOEING CO	P	2013-10-15	2013-11-27
	CONAGRA INC	P	2013-04-03	2013-09-06
	EPR PPTYS COM	P	2013-08-20	2013-11-01
	GENERAL ELECTRIC	P	2013-02-07	2013-04-03
	INVESCO MORTGAGE CAPITAL	P	2013-05-14	2013-10-07
	LORILLARD INC	P	2013-10-15	2013-11-27
	MICROCHIP TECHNOLOGY INC	P	2012-09-07	2013-01-30
	OCCIDENTAL PETE CORP	P	2012-04-18	2013-03-27
	PULTE CORP	P	2012-12-19	2013-01-30
	SEAGATE TECHNOLOGY	P	2013-04-03	2013-06-24
	TORTOISE ENERGY INFRASTRUCTURE	P	2013-05-23	2013-11-01
	ALERIAN MLP ETF	P	2012-10-10	2013-11-01
	AQR FDS RISK PARITY	P	2012-07-30	2013-10-15
	COCA-COLA CO	P	2011-09-16	2013-01-30
	EATON VANCE TAX MAN GLBL	P	2012-02-07	2013-10-07
	GOOGLE INC	P	2011-09-16	2013-04-03
	INTERNATIONAL BUSINESS MACHS	P	2011-09-16	2013-04-03
	LTC PPTYS INC	P	2011-09-16	2013-10-07
	MICROCHIP TECHNOLOGY INC	P	2011-09-16	2013-11-01
	NOBLE CORP	P	2011-10-27	2013-04-03
	PFIZER INC	P	2011-03-14	2013-10-07
	RAYTHEON CO	P	2011-09-16	2013-01-29
	TORTOISE ENERGY INFRASTRUCTURE	P	2011-09-16	2013-01-30
	AFLAC	P	2012-11-19	2013-01-30
	ALERIAN MLP ETF	P	2013-05-23	2013-12-13
	AMERICAN INTL GROUP	P	2012-08-15	2013-04-03
	BRISTOL MYERS SQUIBB	P	2012-08-08	2013-01-30
	CONAGRA INC	P	2013-04-03	2013-09-06
	EUROPACIFIC GROWTH FD	P	2013-01-30	2013-10-23
	GENERAL ELECTRIC	P	2012-11-19	2013-04-03
	INVESCO MORTGAGE CAPITAL	P	2013-05-14	2013-11-01
	MACYS INC	P	2013-04-03	2013-09-04
	MICROCHIP TECHNOLOGY INC	P	2013-05-23	2013-10-07
	OCCIDENTAL PETE CORP	P	2012-09-07	2013-04-03
	PULTE CORP	P	2012-12-19	2013-04-03
	SNAP-ON INC	P	2013-04-03	2013-06-24
	TUPPERWARE CORP	P	2012-02-08	2013-01-30
	ALERIAN MLP ETF	P	2012-10-10	2013-12-13
	AT&T INC	P	2011-09-16	2013-01-30
	COCA-COLA CO	P	2011-09-16	2013-04-03
	EATON VANCE TAX MAN GLBL	P	2011-09-16	2013-10-07
	HERCULES TECHNOLOGY GROWTH	P	2011-09-16	2013-01-30
	ISHARES S&P PFD STK	P	2011-09-16	2013-01-30
	LTC PPTYS INC	P	2011-09-16	2013-11-01
	MICROSOFT CORP	P	2008-03-18	2013-01-30
	NORFOLK SOUTHERN CORP	P	2011-09-16	2013-01-30
	PFIZER INC	P	2011-03-14	2013-11-01
	REALTY INCOME CORP	P	2011-09-16	2013-01-30
	TORTOISE ENERGY INFRASTRUCTURE	P	2011-09-16	2013-08-09
	AFLAC	P	2012-11-19	2013-02-20
	ALLIANCE DATA SYS	P	2013-04-03	2013-09-04
	AMGEN INC	P	2013-04-03	2013-06-24
	BRISTOL MYERS SQUIBB	P	2012-08-08	2013-04-03
	DANAHER CORP	P	2012-04-04	2013-01-30
	EUROPACIFIC GROWTH FD	P	2013-01-30	2013-11-01
	GENERAL ELECTRIC	P	2013-02-07	2013-10-07
	ISHARES S&P PFD STK	P	2012-02-07	2013-01-30
	MACYS INC	P	2013-04-03	2013-09-05
	MICROSOFT CORP	P	2013-04-03	2013-09-04
	OCCIDENTAL PETE CORP	P	2012-04-18	2013-04-03
	RAYONIER INC	P	2013-05-23	2013-12-13
	TCW FDS INC EMERGING MKTS INCOME	P	2012-10-12	2013-06-07
	UNION PAC CORP	P	2013-03-27	2013-04-03
	ALLIANT ENERGY CORP	P	2011-09-16	2013-01-30
	AT&T INC	P	2011-09-16	2013-10-07
	DIGITAL RLTY TR	P	2011-10-19	2013-01-30
	EATON VANCE TAX MAN GLBL	P	2011-09-16	2013-11-01
	HERCULES TECHNOLOGY GROWTH	P	2011-09-16	2013-10-07
	ISHARES S&P PFD STK	P	2011-09-16	2013-10-07
	MASTERCARD INC	P	2011-09-16	2013-01-30
	MICROSOFT CORP	P	2008-03-18	2013-06-24
	NORFOLK SOUTHERN CORP	P	2011-09-16	2013-03-27
	PIMCO ALL ASSET ALL AUTH FD	P	2011-09-15	2013-05-06
	REALTY INCOME CORP	P	2011-09-16	2013-10-07
	TORTOISE ENERGY INFRASTRUCTURE	P	2011-09-16	2013-08-12
	AGCO CORP	P	2013-09-27	2013-11-27
	ALLIED WORLD ASSURANCE	P	2012-07-17	2013-01-30
	APPLE COMPUTER	P	2013-02-07	2013-09-04
	CAREFUSION CORP	P	2013-04-03	2013-06-24
	DANAHER CORP	P	2012-04-04	2013-04-03
	F5 NETWORKS INC	P	2012-08-23	2013-01-30
	GENERAL ELECTRIC	P	2013-02-07	2013-11-01
	ISHARES S&P PFD STK	P	2012-02-08	2013-01-30
	MAGNA INTERNATIONAL INC	P	2013-04-03	2013-07-31
	MONDELEZ INTL INC	P	2012-11-19	2013-01-30
	OLIN CORP	P	2012-06-28	2013-01-30
	REGIONS FINL CORP	P	2013-10-15	2013-11-27
	TCW FDS INC EMERGING MKTS INCOME	P	2013-01-30	2013-06-07
	UNITEDHEALTH GROUP	P	2012-08-08	2013-01-30
	ALLIANT ENERGY CORP	P	2011-09-16	2013-04-03
	AT&T INC	P	2011-09-16	2013-11-01
	DIGITAL RLTY TR	P	2011-10-19	2013-10-07
	EUROPACIFIC GROWTH FD	P	2011-09-15	2013-11-01
	HERCULES TECHNOLOGY GROWTH	P	2011-09-16	2013-11-01
	ISHARES S&P PFD STK	P	2012-10-12	2013-10-15
	MASTERCARD INC	P	2011-09-16	2013-04-03
	MICROSOFT CORP	P	2008-03-18	2013-09-04
	NORTHEAST UTILS COM	P	2012-02-01	2013-04-03
	PIMCO ALL ASSET ALL AUTH FD	P	2011-09-15	2013-10-15
	REALTY INCOME CORP	P	2011-09-16	2013-11-01
	TORTOISE ENERGY INFRASTRUCTURE	P	2011-09-16	2013-08-13
	AGCO CORP	P	2013-10-15	2013-11-27
	ALLIED WORLD ASSURANCE	P	2012-07-17	2013-04-03
	AQR FDS RISK PARITY	P	2013-01-30	2013-05-06
	CBS CORP	P	2013-10-15	2013-11-27
	DELTA AIR LINES	P	2013-04-03	2013-07-31
	F5 NETWORKS INC	P	2012-08-23	2013-04-03
	GENUINE PARTS	P	2012-06-28	2013-01-30
	ISHARES S&P PFD STK	P	2012-06-28	2013-01-30
	MARATHON PETE CORP	P	2013-04-03	2013-09-26
	MONDELEZ INTL INC	P	2012-11-19	2013-04-03
	OPPENHEIMER DVLPING MKTS	P	2013-01-30	2013-11-01
	REGIONS FINL CORP	P	2013-07-31	2013-11-27
	TCW FDS INC EMERGING MKTS INCOME	P	2012-10-12	2013-06-20
	UNITEDHEALTH GROUP	P	2012-08-08	2013-04-03
	AMERICAN CAMPUS CMNTYS	P	2011-09-16	2013-01-30
	ATMEL CORP	P	2011-09-16	2013-01-30
	DIGITAL RLTY TR	P	2011-10-19	2013-11-01
	F5 NETWORKS INC	P	2011-09-16	2013-04-03
	HONEYWELL INTERNATIONAL	P	2011-10-27	2013-01-30
	ISHARES S&P PFD STK	P	2011-09-16	2013-11-01
	MCKESSON HBOC INC	P	2011-09-16	2013-01-30
	MOODYS CORP	P	2011-10-27	2013-01-30
	OLIN CORP	P	2011-09-16	2013-01-30
	PIMCO ALL ASSET ALL AUTH FD	P	2011-09-15	2013-11-01
	ROCKWOOD HLDGS INC	P	2011-09-16	2013-01-30
	TORTOISE ENERGY INFRASTRUCTURE	P	2011-09-16	2013-08-14
	AGCO CORP	P	2013-09-26	2013-11-27
	ALLIED WORLD ASSURANCE	P	2012-07-18	2013-04-03
	AQR FDS RISK PARITY	P	2013-01-30	2013-10-15
	CBS CORP	P	2013-04-03	2013-11-27
	DELTA AIR LINES	P	2013-10-15	2013-11-27
	GANNETT INC	P	2013-02-25	2013-10-07
	GLOBAL X FDS GLB	P	2012-02-08	2013-01-29
	JOHNSON CTLS INC	P	2013-10-15	2013-11-27
	MARATHON PETE CORP	P	2013-09-04	2013-09-27
	MONDELEZ INTL INC	P	2012-11-19	2013-04-03
	OPPENHEIMER INTL BD	P	2013-01-30	2013-06-07
	REGIONS FINL CORP	P	2013-07-31	2013-11-29
	THERMO ELECTRON CORP	P	2013-04-03	2013-09-04
	US BANCORP DEL COM	P	2013-04-03	2013-06-24
	AMERICAN CAMPUS CMNTYS	P	2011-09-16	2013-08-09
	ATMEL CORP	P	2011-09-16	2013-02-07
	DODGE & COX INCOME FD	P	2011-09-15	2013-01-30
	GATX CORP	P	2011-09-16	2013-01-30
	HONEYWELL INTERNATIONAL	P	2011-10-27	2013-04-03
	KIMBERLY CLARK CORP	P	2011-09-16	2013-01-30
	MCKESSON HBOC INC	P	2011-09-16	2013-04-03
	MOODYS CORP	P	2011-09-16	2013-02-06
	OLIN CORP	P	2011-09-16	2013-10-07
	PIMCO ALL ASSET ALL AUTH FD	P	2011-09-15	2013-12-12
	ROCKWOOD HLDGS INC	P	2011-09-16	2013-04-03
	TORTOISE ENERGY INFRASTRUCTURE	P	2011-09-16	2013-10-07
	AGCO CORP	P	2013-09-27	2013-11-27
	ALLIED WORLD ASSURANCE	P	2012-08-08	2013-04-03
	AUTOZONE INC	P	2013-03-06	2013-04-03
	CIGNA CORP	P	2013-04-03	2013-06-24
	DIGITAL RLTY TR	P	2013-05-23	2013-10-07
	GANNETT INC	P	2013-02-22	2013-10-07
	GLOBAL X FDS GLB	P	2012-06-28	2013-01-29
	JP MORGAN CHASE & CO	P	2012-10-22	2013-01-30
	MARATHON PETE CORP	P	2013-09-05	2013-09-27
	MYLAN LABORATORIES	P	2013-10-15	2013-11-27
	OPPENHEIMER INTL BD	P	2012-10-12	2013-06-07
	REINSURANCE GROUP AMER	P	2013-06-27	2013-07-31
	THERMO ELECTRON CORP	P	2013-04-03	2013-11-27
	US BANCORP DEL COM	P	2013-02-20	2013-06-24
	AMERICAN CAP AGY CORP	P	2011-09-16	2013-01-30
	BANCO LATINOAMERICAN DE COMERCIO	P	2012-02-07	2013-10-07
	DODGE & COX INCOME FD	P	2011-09-15	2013-05-03
	GATX CORP	P	2011-09-16	2013-10-07
	HONEYWELL INTERNATIONAL	P	2011-09-16	2013-04-03
	KIMBERLY CLARK CORP	P	2011-09-16	2013-04-26
	MEDTRONIC INC	P	2011-09-16	2013-01-30
	MYLAN LABORATORIES	P	2011-09-16	2013-01-30
	OLIN CORP	P	2011-09-16	2013-11-01
	PIMCO TOTAL RETURN FD	P	2012-07-30	2013-10-15
	ROWE T PRICE SMALL CAP STOCK	P	2011-09-16	2013-10-23
	TUPPERWARE CORP	P	2012-02-08	2013-03-12
	AGCO CORP	P	2013-09-27	2013-11-29
	ALLIED WORLD ASSURANCE	P	2012-11-02	2013-04-03
	AUTOZONE INC	P	2013-01-30	2013-04-03
	CISCO SYS	P	2013-04-03	2013-09-05
	DOGDE & COX INCOME	P	2013-10-23	2013-11-01
	GANNETT INC	P	2013-05-23	2013-10-07
	GLOBAL X FDS GLB	P	2012-02-07	2013-01-29
	JP MORGAN CHASE & CO	P	2012-10-22	2013-04-03
	MARATHON PETE CORP	P	2013-04-03	2013-09-27
	NEW RESIDENTIAL INVT	P	2013-05-23	2013-10-07
	PENNYMAC MTG INVT	P	2013-05-14	2013-10-07
	REINSURANCE GROUP AMER	P	2013-06-27	2013-07-31
	THERMO ELECTRON CORP	P	2013-10-15	2013-11-27
	VALERO ENERGY COM	P	2013-03-06	2013-04-03
	AMERICAN CAP AGY CORP	P	2011-09-16	2013-08-20
	BANCO LATINOAMERICAN DE COMERCIO	P	2011-09-16	2013-10-07
	DU PONTE E I DE NEMOURS	P	2011-09-16	2013-01-30
	GATX CORP	P	2011-09-16	2013-11-01
	HONEYWELL INTERNATIONAL	P	2012-04-26	2013-10-07
	KIMBERLY CLARK CORP	P	2011-09-16	2013-04-26
	MEDTRONIC INC	P	2011-09-16	2013-04-03
	MYLAN LABORATORIES	P	2011-09-16	2013-04-03
	OMEGA HEALTHCARE INVS	P	2011-10-19	2013-01-30
	PIMCO TOTAL RETURN FD	P	2012-07-30	2013-10-23
	SANDISK CORP	P	2011-09-16	2013-01-30
	TUPPERWARE CORP	P	2012-02-08	2013-03-15
	AGILENT TECHNOLOGIES	P	2012-08-08	2013-01-30
	ALLSTATE CORP	P	2013-04-03	2013-06-24
	AXIS CAPITAL HOLDINGS	P	2013-04-03	2013-09-05
	CISCO SYS	P	2013-04-03	2013-09-05
	EATON CORP	P	2013-04-19	2013-10-07
	GANNETT INC	P	2013-02-25	2013-11-01
	HANESBRANDS INC	P	2013-06-25	2013-09-04
	JP MORGAN CHASE & CO	P	2013-10-15	2013-11-27
	MATTEL INC	P	2013-04-03	2013-07-31
	NEW RESIDENTIAL INVT	P	2013-05-22	2013-11-01
	PENNYMAC MTG INVT	P	2013-05-14	2013-11-01
	REINSURANCE GROUP AMER	P	2013-06-27	2013-08-01
	TIME WARNER CABLE	P	2013-03-07	2013-04-03
	VANGUARD REIT ETF	P	2013-01-30	2013-05-06
	ANHEUSER BUSCH INBEV	P	2011-09-16	2013-01-30
	BANCO LATINOAMERICAN DE COMERCIO	P	2011-09-16	2013-11-01
	DU PONTE E I DE NEMOURS	P	2011-09-16	2013-05-23
	GENUINE PARTS	P	2011-09-16	2013-01-30
	HONEYWELL INTERNATIONAL	P	2012-04-26	2013-11-01
	KRAFT FOODS GROUP	P	2011-09-16	2013-01-30
	MERCK & CO	P	2011-09-16	2013-01-30
	MYLAN LABORATORIES	P	2011-09-16	2013-06-24
	OMEGA HEALTHCARE INVS	P	2011-10-19	2013-05-23
	POWERSHARES EXCHANGE TRADED	P	2012-09-10	2013-10-07
	SANDISK CORP	P	2011-09-16	2013-04-03
	UNILEVER NV NEW YORK	P	2008-03-20	2013-01-30
	AGILENT TECHNOLOGIES	P	2012-08-08	2013-04-03
	AMERICAN CAMPUS CMNTYS	P	2013-05-23	2013-08-09
	AXIS CAPITAL HOLDINGS	P	2013-04-03	2013-09-05
	CISCO SYS	P	2013-10-15	2013-11-27
	EATON CORP	P	2013-05-23	2013-11-01
	GAP INC	P	2013-10-15	2013-12-24
	HERTZ GLOBAL HOLDINGS	P	2013-04-03	2013-06-24
	KLA-TENCORE CORP	P	2013-04-03	2013-09-04
	MAXIM INTEGRATED PRODUCTS	P	2013-04-03	2013-06-24
	NEW RESIDENTIAL INVT	P	2013-05-22	2013-10-07
	PFIZER INC	P	2012-06-28	2013-01-30
	REINSURANCE GROUP AMER	P	2013-06-27	2013-08-01
	TIME WARNER CABLE	P	2013-03-06	2013-04-03
	VANGUARD REIT ETF	P	2013-01-30	2013-11-01
	ANHEUSER BUSCH INBEV	P	2011-09-16	2013-04-03
	CAPITAL ONE FINANCIAL	P	2011-09-16	2013-01-22
	DU PONTE E I DE NEMOURS	P	2012-02-07	2013-05-23
	GENUINE PARTS	P	2011-09-16	2013-05-23
	HONEYWELL INTERNATIONAL	P	2012-04-26	2013-12-13
	KRAFT FOODS GROUP	P	2011-09-16	2013-10-07
	MERCK & CO	P	2011-09-16	2013-03-11
	NATIONAL HEALTH INVS INC	P	2011-09-16	2013-01-30
	OMEGA HEALTHCARE INVS	P	2011-10-19	2013-10-07
	POWERSHARES EXCHANGE TRADED	P	2012-09-10	2013-11-01
	SCHLUMBERGER LTD	P	2011-09-16	2013-01-30
	UNILEVER NV NEW YORK	P	2008-03-20	2013-04-03
	AIRCASTLE LTD ADR	P	2013-05-30	2013-10-07
	AMERICAN CAP AGY CORP	P	2013-04-03	2013-06-24
	BANCO LATINOAMERICAN DE COMERCIO	P	2012-02-07	2013-01-30
	CISCO SYS	P	2013-04-03	2013-11-27
	EATON CORP	P	2013-04-19	2013-11-01
	GAP INC	P	2013-09-27	2013-12-26
	HERTZ GLOBAL HOLDINGS	P	2013-04-03	2013-09-26
	KLA-TENCORE CORP	P	2013-04-03	2013-09-05
	MERCK & CO	P	2012-06-28	2013-01-30
	NEWCASTLE INVESTMENT CORP	P	2013-05-14	2013-10-07
	PFIZER INC	P	2013-05-23	2013-11-01
	REINSURANCE GROUP AMER	P	2013-06-27	2013-08-01
	TJX COMPANIES	P	2012-11-19	2013-01-30
	WAL MART STORES	P	2013-02-27	2013-04-03
	ANNALY CAP MGMT	P	2011-09-16	2013-01-30
	CAPITAL ONE FINANCIAL	P	2011-10-27	2013-01-22
	DU PONTE E I DE NEMOURS	P	2011-09-16	2013-10-07
	GENUINE PARTS	P	2011-09-16	2013-10-07
	HOSPITALITY PPTYS TR	P	2011-10-19	2013-01-30
	KRAFT FOODS GROUP	P	2011-09-16	2013-11-01
	MFS GOVT MKT INCOME TR	P	2011-09-16	2013-01-30
	NATIONAL HEALTH INVS INC	P	2011-09-16	2013-10-07
	OMEGA HEALTHCARE INVS	P	2011-10-19	2013-11-01
	RAYONIER INC	P	2011-10-19	2013-01-30
	SCHLUMBERGER LTD	P	2011-10-27	2013-04-03
	VERIZON COMMUNICATIONS	P	2011-09-16	2013-01-30
	AIRCASTLE LTD ADR	P	2013-05-31	2013-10-07
	AMERICAN CAP LTD	P	2012-11-08	2013-01-30
	BANCO LATINOAMERICAN DE COMERCIO	P	2013-05-23	2013-10-07
	COACH INC	P	2012-05-02	2013-01-23
	EATON VAN TAX MAN GLBL	P	2013-05-23	2013-10-07
	GAP INC	P	2013-07-31	2013-12-26
	HOME DEPOT	P	2013-04-03	2013-06-24
	KROGER CO	P	2013-04-03	2013-06-24
	MET LIFE COM	P	2013-10-15	2013-11-27
	NEWCASTLE INVESTMENT CORP	P	2013-05-14	2013-11-01
	PIMCO ALL ASSET ALL AUTH FD	P	2013-01-30	2013-05-06
	REINSURANCE GROUP AMER	P	2013-06-26	2013-08-01
	TJX COMPANIES	P	2012-11-19	2013-02-15
	WALGREEN CO	P	2012-07-19	2013-01-30
	ANNALY CAP MGMT	P	2011-09-16	2013-05-14
	CENTURYTEL INC	P	2011-10-10	2013-08-20
	DU PONTE E I DE NEMOURS	P	2011-09-16	2013-11-01
	GENUINE PARTS	P	2011-09-16	2013-11-01
	HOSPITALITY PPTYS TR	P	2011-10-19	2013-10-07
	LOCKHEED MARTIN CORP	P	2011-09-16	2013-01-29
	MFS GOVT MKT INCOME TR	P	2011-09-16	2013-10-07
	NATIONAL HEALTH INVS INC	P	2011-09-16	2013-11-01
	ORACLE CORP	P	2011-09-16	2013-01-30
	RAYONIER INC	P	2011-10-19	2013-10-07
	SCHLUMBERGER LTD	P	2011-09-16	2013-04-03
	WINDSTREAM CORP	P	2011-09-16	2013-01-30
	AIRCASTLE LTD ADR	P	2013-05-30	2013-11-01
	AMERICAN CAP LTD	P	2012-11-08	2013-04-03
	BCE INC	P	2013-04-03	2013-06-24
	COCA-COLA ENTERPRISES	P	2013-04-03	2013-06-24
	ENBRIDGE INC SEDOL	P	2013-03-06	2013-04-03
	GAP INC	P	2013-10-15	2013-12-26
	HONEYWELL INTERNATIONAL	P	2012-04-26	2013-01-30
	LINCOLN NATL CORP	P	2013-10-15	2013-11-27
	MFS GOVT MKT INCOME TR	P	2012-02-07	2013-01-30
	NOBLE CORP	P	2013-03-27	2013-04-03
	PIMCO TOTAL RETURN FD	P	2012-07-30	2013-01-30
	ROWE T PRICE SMALL CAP STOCK	P	2013-02-07	2013-10-23
	TJX COMPANIES	P	2012-11-19	2013-02-15
	WALGREEN CO	P	2012-07-19	2013-04-03
	APPLE COMPUTER	P	2011-09-16	2013-01-30
	CENTURYTEL INC	P	2011-10-10	2013-01-30
	EAST WEST BANCORP	P	2011-09-16	2013-01-30
	GILEAD SCIENCES INC	P	2011-09-16	2013-01-30
	HOSPITALITY PPTYS TR	P	2011-10-20	2013-11-01
	LORILLARD INC	P	2012-02-08	2013-02-27
	MFS GOVT MKT INCOME TR	P	2011-09-16	2013-11-01
	NATIONAL OILWELL INC	P	2011-09-16	2013-01-30
	PACKAGING CORP AMER	P	2011-09-16	2013-01-30
	RAYONIER INC	P	2011-10-19	2013-11-01
	TELEFONICA BRASIL SA	P	2011-09-16	2013-01-30
	WINDSTREAM CORP	P	2011-09-16	2013-02-22
	ALERIAN MLP ETF	P	2012-10-09	2013-01-30
	AMERICAN INTL GROUP	P	2012-08-20	2013-01-30
	BLACKROCK INC	P	2013-04-03	2013-06-24
	CONAGRA INC	P	2013-04-03	2013-09-04
	ENSCO PLC SHS	P	2013-04-03	2013-07-31
	GENERAL ELECTRIC	P	2012-11-19	2013-01-30
	HONEYWELL INTERNATIONAL	P	2013-05-23	2013-10-07
	LORILLARD INC	P	2012-02-08	2013-01-30
	MFS GOVT MKT INCOME TR	P	2012-06-28	2013-01-30
	NORTHEAST UTILS COM	P	2012-02-01	2013-01-30
	POWERSHARES EXCHANGE TRADED	P	2012-09-10	2013-01-30
	SBA COMMUNICATIONS CORP	P	2012-11-30	2013-01-30
	TORTOISE ENERGY INFRASTRUCTURE	P	2012-02-07	2013-01-30
	WHIRLPOOL CORP	P	2013-06-24	2013-09-26
	APPLE COMPUTER	P	2011-09-16	2013-04-03
	CHEVRONTEXACO CORP	P	2011-09-16	2013-01-30
	EAST WEST BANCORP	P	2011-09-16	2013-04-03
	GILEAD SCIENCES INC	P	2011-09-16	2013-04-03
	HOSPITALITY PPTYS TR	P	2011-10-19	2013-11-01
	LTC PPTYS INC	P	2011-09-16	2013-01-30
	MICROCHIP TECHNOLOGY INC	P	2011-09-16	2013-10-07
	NATIONAL OILWELL INC	P	2011-09-16	2013-03-06
	PACKAGING CORP AMER	P	2011-09-16	2013-04-03
	RAYONIER INC	P	2011-10-20	2013-12-13
	TELEFONICA BRASIL SA	P	2011-10-19	2013-02-22

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,563	1,462	101
b	3,986	3,767	219
c	5,278	4,380	898
d	4,343	4,241	102
e	1,222	1,275	-53
	2,911	3,114	-203
	2,107	1,876	231
	30,018	28,614	1,404
	1,631	1,756	-125
	13	14	-1
	943	969	-26
	197	202	-5
	2,677	2,553	124
	216	206	10
	4,511	5,386	-875
	15,443	15,429	14
	1,070	897	173
	512	455	57
	758	546	212
	818	683	135
	909	661	248
	2,731	2,354	377
	279	258	21
	302	220	82
	546	517	29
	5,014	6,149	-1,135
	53,594	54,513	-919
	7,150	11,638	-4,488
	2,096	1,853	243
	944	831	113
	1,348	1,416	-68
	718	715	3
	2,130	2,068	62
	1,469	1,932	-463
	1,182	1,088	94
	640	639	1
	2,110	2,379	-269
	446	391	55
	1,026	917	109
	2,209	2,124	85
	2,333	2,164	169
	16,043	16,355	-312
	599	571	28
	69	66	3
	8,952	6,003	2,949
	2,567	2,050	517
	2,373	1,763	610
	898	702	196
	2,302	2,320	-18
	4,508	3,140	1,368
	6,708	5,141	1,567
	1,989	1,682	307
	317	308	9
	701	736	-35
	1,552	1,366	186
	837	744	93
	1,587	1,664	-77
	64,943	57,823	7,120
	671	600	71
	336	443	-107
	1,300	1,219	81
	273	255	18
	2,565	2,748	-183
	3,435	3,240	195
	5,209	4,918	291
	890	747	143
	9,793	8,457	1,336
	521	432	89
	5,350	4,714	636
	1,738	1,510	228
	468	372	96
	442	409	33
	512	358	154
	308	335	-27
	699	704	-5
	680	440	240
	389	308	81
	1,902	1,536	366
	2,397	2,464	-67
	1,190	960	230
	1,543	1,680	-137
	7,928	6,239	1,689
	726	664	62
	6,736	6,078	658
	2,527	2,373	154
	522	500	22
	4,289	3,995	294
	2,430	2,253	177
	2,164	2,379	-215
	168	233	-65
	7,228	7,578	-350
	703	703
	866	762	104
	2,539	2,161	378
	775	644	131
	411	333	78
	2,875	1,830	1,045
	5,831	5,763	68
	1,546	1,048	498
	1,013	913	100
	5,333	4,928	405
	18,053	17,209	844
	1,704	1,472	232
	179	146	33
	2,615	2,744	-129
	832	797	35
	1,494	1,399	95
	6,224	5,901	323
	5,662	5,089	573
	523	494	29
	602	515	87
	402	386	16
	1,075	822	253
	306	285	21
	475	425	50
	1,874	1,853	21
	5,870	6,253	-383
	450	419	31
	7,430	5,979	1,451
	546	432	114
	2,214	2,461	-247
	8,207	6,351	1,856
	620	381	239
	19,220	20,541	-1,321
	9,184	5,940	3,244
	2,087	2,040	47
	2,999	2,431	568
	21,424	21,857	-433
	417	342	75
	529	439	90
	1,743	1,881	-138
	650	558	92
	14,907	14,120	787
	2,102	2,046	56
	1,596	1,131	465
	1,287	1,383	-96
	543	470	73
	281	272	9
	1,791	2,333	-542
	2,704	2,270	434
	9,833	9,321	512
	4,032	4,174	-142
	11,919	12,863	-944
	4,451	3,770	681
	757	625	132
	337	516	-179
	478	586	-108
	2,206	2,025	181
	690	533	157
	1,180	1,153	27
	425	305	120
	655	426	229
	475	414	61
	5,081	5,188	-107
	599	543	56
	1,056	878	178
	291	306	-15
	1,577	1,350	227
	215	222	-7
	6,716	5,255	1,461
	1,752	1,442	310
	513	396	117
	1,392	1,434	-42
	903	750	153
	129	147	-18
	246	207	39
	6,227	6,524	-297
	1,942	2,021	-79
	1,271	1,104	167
	462	441	21
	5,383	5,627	-244
	2,458	4,165	-1,707
	37,298	36,248	1,050
	607	468	139
	966	693	273
	971	763	208
	4,121	2,901	1,220
	4,362	3,014	1,348
	4,388	3,843	545
	15,964	16,573	-609
	5,363	4,199	1,164
	9,869	8,009	1,860
	932	976	-44
	1,763	1,504	259
	1,598	1,505	93
	1,630	1,491	139
	211	251	-40
	3,258	2,522	736
	58	56	2
	705	627	78
	453	518	-65
	1,709	1,542	167
	11,435	11,926	-491
	137	136	1
	6,065	4,730	1,335
	4,304	4,105	199
	316	299	17
	147	117	30
	75,946	73,384	2,562
	3,303	2,554	749
	5,501	3,488	2,013
	5,983	4,021	1,962
	655	487	168
	736	538	198
	830	729	101
	58,493	61,956	-3,463
	51,358	37,350	14,008
	2,861	2,302	559
	1,396	1,463	-67
	3,433	2,895	538
	4,393	4,005	388
	2,248	2,017	231
	14,699	14,731	-32
	359	295	64
	1,305	1,343	-38
	1,381	1,212	169
	2,199	2,833	-634
	385	418	-33
	1,935	2,038	-103
	1,778	1,768	10
	2,022	1,845	177
	2,408	2,772	-364
	2,406	3,350	-944
	2,722	1,891	831
	666	659	7
	775	540	235
	4,836	3,575	1,261
	5,463	3,674	1,789
	5,554	4,106	1,448
	426	311	115
	1,078	664	414
	14,630	15,354	-724
	542	473	69
	4,004	3,173	831
	313	284	29
	4,706	5,012	-306
	510	502	8
	710	637	73
	3,463	2,909	554
	887	634	253
	554	455	99
	1,155	1,054	101
	5,131	5,345	-214
	246	256	-10
	390	408	-18
	414	406	8
	4,163	3,836	327
	17,300	15,244	2,056
	658	365	293
	814	528	286
	553	471	82
	272	217	55
	1,137	788	349
	141	110	31
	304	229	75
	757	518	239
	451	205	246
	2,888	2,918	-30
	4,946	3,913	1,033
	603	489	114
	2,518	2,514	4
	224	256	-32
	4,456	4,396	60
	766	838	-72
	282	274	8
	1,737	1,644	93
	989	1,019	-30
	350	311	39
	4,130	4,791	-661
	803	842	-39
	631	516	115
	69	68	1
	1,839	1,697	142
	6,457	6,450	7
	5,859	3,023	2,836
	3,028	2,371	657
	387	362	25
	656	434	222
	348	242	106
	1,067	735	332
	6,346	4,808	1,538
	820	608	212
	4,511	2,354	2,157
	620	624	-4
	634	595	39
	4,430	3,459	971
	70	63	7
	3,224	4,650	-1,426
	753	646	107
	2,298	2,293	5
	494	399	95
	1,011	1,050	-39
	4,609	4,956	-347
	2,049	1,816	233
	348	322	26
	826	243	583
	309	292	17
	2,758	2,738	20
	317	309	8
	610	575	35
	299	359	-60
	1,626	1,337	289
	3,086	2,495	591
	3,737	2,551	1,186
	780	707	73
	272	184	88
	264	267	-3
	3,298	2,713	585
	1,027	490	537
	863	637	226
	597	593	4
	480	402	78
	2,971	2,690	281
	649	585	64
	1,128	1,072	56
	3,988	5,700	-1,712
	173	158	15
	5,014	5,924	-910
	5,405	5,217	188
	876	847	29
	1,048	972	76
	195	431	-236
	5,009	5,009
	621	607	14
	2,056	2,020	36
	719	627	92
	3,229	3,951	-722
	4,367	4,460	-93
	673	518	155
	788	543	245
	3,310	2,714	596
	6,112	5,137	975
	1,062	1,263	-201
	684	514	170
	463	379	84
	3,800	2,745	1,055
	5,223	5,207	16
	350	467	-117
	621	518	103
	6,154	4,975	1,179
	3,677	4,185	-508
	4,714	5,060	-346
	2,913	2,776	137
	272	256	16
	898	788	110
	1,541	1,322	219
	26	27	-1
	2,046	2,119	-73
	17,300	17,702	-402
	38,953	31,838	7,115
	447	441	6
	6,836	4,983	1,853
	923	797	126
	447	369	78
	717	530	187
	1,083	546	537
	88	67	21
	5,359	5,210	149
	244	287	-43
	516	464	52
	1,136	780	356
	657	557	100
	571	687	-116
	3,266	5,036	-1,770
	2,554	2,466	88
	1,055	961	94
	4,654	4,843	-189
	813	850	-37
	4,467	4,486	-19
	337	310	27
	328	317	11
	949	906	43
	59	61	-2
	325	282	43
	804	798	6
	283	276	7
	130	124	6
	1,032	785	247
	6,963	6,374	589
	701	598	103
	6,104	4,155	1,949
	10,425	4,390	6,035
	647	502	145
	520	386	134
	1,171	1,003	168
	3,440	3,382	58
	10,363	6,209	4,154
	2,099	1,982	117
	243	284	-41

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			101
b			219
c			898
d			102
e			-53
			-203
			231
			1,404
			-125
			-1
			-26
			-5
			124
			10
			-875
			14
			173
			57
			212
			135
			248
			377
			21
			82
			29
			-1,135
			-919
			-4,488
			243
			113
			-68
			3
			62
			-463
			94
			1
			-269
			55
			109
			85
			169
			-312
			28
			3
			2,949
			517
			610
			196
			-18
			1,368
			1,567
			307
			9
			-35
			186
			93
			-77
			7,120
			71
			-107
			81
			18
			-183
			195
			291
			143
			1,336
			89
			636
			228
			96
			33
			154
			-27
			-5
			240
			81
			366
			-67
			230
			-137
			1,689
			62
			658
			154
			22
			294
			177
			-215
			-65
			-350

			104
			378
			131
			78
			1,045
			68
			498
			100
			405
			844
			232
			33
			-129
			35
			95
			323
			573
			29
			87
			16
			253
			21
			50
			21
			-383
			31
			1,451
			114
			-247
			1,856
			239
			-1,321
			3,244
			47
			568
			-433
			75
			90
			-138
			92
			787
			56
			465
			-96
			73
			9
			-542
			434
			512
			-142
			-944
			681
			132
			-179
			-108
			181
			157
			27
			120
			229
			61
			-107
			56
			178
			-15
			227
			-7
			1,461
			310
			117
			-42
			153
			-18
			39
			-297
			-79
			167
			21
			-244
			-1,707
			1,050
			139
			273
			208
			1,220
			1,348
			545
			-609
			1,164
			1,860
			-44
			259
			93
			139
			-40
			736
			2
			78
			-65
			167
			-491
			1
			1,335
			199
			17
			30
			2,562
			749
			2,013
			1,962
			168
			198
			101
			-3,463
			14,008
			559
			-67
			538
			388
			231
			-32
			64
			-38
			169
			-634
			-33
			-103
			10
			177
			-364
			-944
			831
			7
			235
			1,261
			1,789
			1,448
			115
			414
			-724
			69
			831
			29
			-306
			8
			73
			554
			253
			99
			101
			-214
			-10
			-18
			8
			327
			2,056
			293
			286
			82
			55
			349
			31
			75
			239
			246
			-30
			1,033
			114
			4
			-32
			60
			-72
			8
			93
			-30
			39
			-661
			-39
			115
			1
			142
			7
			2,836
			657
			25
			222
			106
			332
			1,538
			212
			2,157
			-4
			39
			971
			7
			-1,426
			107
			5
			95
			-39
			-347
			233
			26
			583
			17
			20
			8
			35
			-60
			289
			591
			1,186
			73
			88
			-3
			585
			537
			226
			4
			78
			281
			64
			56
			-1,712
			15
			-910
			188
			29
			76
			-236

			14
			36
			92
			-722
			-93
			155
			245
			596
			975
			-201
			170
			84
			1,055
			16
			-117
			103
			1,179
			-508
			-346
			137
			16
			110
			219
			-1
			-73
			-402
			7,115
			6
			1,853
			126
			78
			187
			537
			21
			149
			-43
			52
			356
			100
			-116
			-1,770
			88
			94
			-189
			-37
			-19
			27
			11
			43
			-2
			43
			6
			7
			6
			247
			589
			103
			1,949
			6,035
			145
			134
			168
			58
			4,154
			117
			-41

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	111,739
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 . . . . . . . . . . . . . . . .		3	23,242

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? Yes No

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))
2012	67,300	1,382,432	0.048682
2011	71,200	1,476,305	0.048229
2010	59,050	1,357,932	0.043485
2009	76,151	1,186,800	0.064165
2008	75,670	1,585,264	0.047733

2	Total of line 1, column (d) ......................	2	0.252294
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	0.050459
4	Enter the net value of noncharitable-use assets for 2013 from Part X, line 5.....	4	1,222,398
5	Multiply line 4 by line 3.......................	5	61,681
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	1,269
7	Add lines 5 and 6.........................	7	62,950
8	Enter qualifying distributions from Part XII, line 4..............	8	80,545
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 (2013)

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	Exempt operating foundations described in section 4940(d)(2), check hereand 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	1	1,269
	hereand 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	1,269
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	1,269
6	Credits/Payments:

a	2013 estimated tax payments and 2012 overpayment credited to 2013	6a	10,192
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	10,192
8	Enter any penalty for underpayment of estimated tax. Check hereif 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...		10	8,923
11	Enter the amount of line 10 to be: Credited to 2014 estimated tax8,923	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of

the instructions for definition)?............................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

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

on foundation managers. bullet

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

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

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....

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

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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.

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 2013 or the taxable year beginning in 2013 (see instructions for Part XIV)?

If "Yes," complete Part XIV.............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names and addresses.

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) .............

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).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

HOYT Q BAILEY Telephone no. bullet

(704) 487-8888

Located at bullet

415 POLKVILLE ROADSHELBYNC ZIP+4 bullet

28150

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

16 At any time during calendar year 2013, did the foundation have an interest in or a signature or other authority over YesNo

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 (2013)

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?.........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?.................YesNo

(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.).........YesNo

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)?...

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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 2013?.............

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)):

At the end of tax year 2013, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2013?...............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?.........................YesNo

If "Yes," did it have excess business holdings in 2013 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 2013.)....................

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

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 2013?

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(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)........YesNo

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

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

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)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?............YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?........................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

Form 990-PF (2013)

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
HOYT G TESSNER	PRESIDENT 2.00	0	0	0
2105 PRESCOTT PLACE RALEIGH,NC27615	PRESIDENT 2.00	0	0	0
MELANIE KNIGHT	VP 1.00	0	0	0
4017 LAKE POINT CIRCLE RALEIGH,NC27606	VP 1.00	0	0	0
CYNTHIA BUCKINGHAM	VP 1.00	0	0	0
7540 DRAYTON COURT RALEIGH,NC27615	VP 1.00	0	0	0
HOYT Q BAILEY	DIRECTOR 4.00	0	0	0
27 E RANDOLPH ST SHELBY,NC28150	DIRECTOR 4.00	0	0	0

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...................

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 (2013)

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.)

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

purposes:

Average monthly fair market value of securities...................

Average of monthly cash balances.......................

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

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

instructions) .............................

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

Minimum investment return. Enter 5% of line 5..................

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

61,120

Tax on investment income for 2013 from Part VI, line 5......

1,269

Income tax for 2013. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

1,269

Distributable amount before adjustments. Subtract line 2c from line 1............

59,851

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

59,851

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,

line 1................................

59,851

Part XII

Qualifying Distributions (see instructions)

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

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

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).................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

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

Form 990-PF (2013)

Page 8

Part XIII

Undistributed Income (see instructions)

	(c) 2012	(d) 2013
1 Distributable amount for 2013 from Part XI, line 7		59,851
2 Undistributed income, if any, as of the end of 2013:
a Enter amount for 2012 only.......	67,860
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2013:
a From 2008.......
b From 2009.......
c From 2010.......
d From 2011.......
e From 2012.......
fTotal of lines 3a through e.........
4Qualifying distributions for 2013 from Part
XII, line 4: $ 80,545
a Applied to 2012, but not more than line 2a	67,860
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 2013 distributable amount.....		12,685
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2013.
(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
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 2012. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2013. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2014 ..........		47,166
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 2008 not applied on line 5 or line 7 (see instructions) ...
9Excess distributions carryover to 2014. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2009....
b Excess from 2010....
c Excess from 2011....
d Excess from 2012....
e Excess from 2013....

Form 990-PF (2013)

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 2013, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

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) 2013	(b) 2012	(c) 2011	(d) 2010	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

HOYT Q BAILEY
PO BOX 208
SHELBY,NC281810208
(704) 487-8888

bThe form in which applications should be submitted and information and materials they should include:

APPLICATIONS MUST BE WRITTEN, MUST INCLUDE EVIDENCE THAT THE RECEPIENT IS AN EXEMPT CHARTIABLE ORGANIZATION AND FACTS TO SUPPORT THE NEED.

cAny submission deadlines:

NONE

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

NONE

Form 990-PF (2013)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
AMERICAN HEART ASSOCIATION 222 S CHURCH STREET CHARLOTTE,NC28202		501(C)3	DISEASES RESEARCH	100
ASPCA PO BOX 96929 WASHINGTON,DC20077		501(C)3	ANIMAL PROTECTION	200
BOY SCOUTS OF AMERICA PO BOX 1059 GASTONIA,NC28053		501(C)3	YOUTH DEVELOPMENT	2,000
BOYS & GIRLS CLUB OF CLEVELAND COUN PO BOX 2001 SHELBY,NC28151		501(C)3	PROGRAM	1,000
BROTHERS IN CHRIST OUTREACH MINISTR PO BOX 1264 SHELBY,NC28151		501(C)3	NEEDY	2,000
CAROLINA TIGER RESCUE 1940 HANKS CHAPEL ROAD PITTSBORO,NC27312		501(C)3	ANIMALS	200
CHARITY NAVIGATOR 139 HARRISTOWN RD STE 101 GLEN ROCK,NJ07452		501(C)3	PHILANTHROPY	100
CHRISTIAN APPALACHIAN PROJECT PO BOX 55911 LEXINGTON,KY40555		501(C)3	COMMUNITY IMPROVEMENTS	200
CHRISTIAN WOMEN'S CLUB 918 SARRATT DRIVE SHELBY,NC28152		501(C)3	PUBLIC SERVICE	500
CLEVELAND COMMUNITY COLLEGE 137 S POST ROAD SHELBY,NC28152		501(C)3	SCHOLARSHIPS	2,700
CLEVELAND COUNTY ABUSE PREVENTION PO BOX 2859 SHELBY,NC28151		501(C)3	HUMAN SERVICES	2,000
CLEVELAND COUNTY HUMANE SOCIETY 1609 E MARION ST SHELBY,NC28150		501(C)3	ANIMALS	2,500
CLEVELAND COUNTY RESCUE MISSION PO BOX 1272 SHELBY,NC28151		501(C)3	PROGRAM	200
CLEVELAND COUNTY SHERIFF'S OFFICE PO BOX 1508 SHELBY,NC28151		501(C)3	HUMAN SERVICES	10,500
CLEVELAND RUTHERFORD KIDNEY ASSOC 1017 N WASHINGTON STREET SHELBY,NC28150		501(C)3	DISEASES RESEARCH	5,000
COMMUNITY MATH ACADEMY 2712 SHOAL CREEK CH RD SHELBY,NC28152		501(C)3	EDUCATION	250
CREST HIGH SCHOOL FFA 800 OLD BURLING SPA ROAD SHELBY,NC28152		501(C)3	FUTURE FARMERS OF AMERICA	2,000
CROSSROADS RESCUE MISSION PO BOX 2090 SHELBY,NC28151		501(C)3	AGRICULTURE, FOOD, NUTRITION	200
DOCTORS WITHOUT BORDERS PO BOX 5023 HAGERSTOWN,MD21741		501(C)3	HEALTH CARE FACILITIES	200
DOVER BAPTIST CHURCH 1501 POLKVILLE ROAD SHELBY,NC28150		501(C)3	MEMORIAL GIFT	100
ELIZABETH BAPTIST CHURCH 301 N POST ROAD SHELBY,NC28152		501(C)3	CHURCH OPERATIONS	10,000
GRACE CHRISTIAN ACADEMY 260 RANGE ROAD KINGS MOUNTAIN,NC28086		501(C)3	EDUCATION	1,500
GRAHAM ELEMENTARY SCHOOL 1100 BLANTON STREET SHELBY,NC28151		501(C)3	EDUCATION	2,500
HANDS ON MISSION PO BOX 279 SHELBY,NC28151		501(C)3	COMMUNITY IMPROVEMENTS	500
HILDEBRAN VIEW BAPTIST CHURCH 6551 HILDEBRAN VIEW ST CONNELLY SPRINGS,NC28612		501(C)3	CHURCH OPERATIONS	1,000
HOSPICE OF CLEVELAND COUNTY 951 WENDOVER HEIGHT DRIVE SHELBY,NC28150		501(C)3	ONGOING PROGRAM	2,000
LEUKEMIA & LYMPHOMA SOCIETY 617 POLKVILLE ROAD SHELBY,NC28152		501(C)3	DISEASES RESEARCH	100
NC STATE STUDENT AID ASSN PO BOX 37100 RALEIGH,NC27627		501(C)3	ONGOING PROGRAM	11,565
NC STATE UNIVERSITY SCHOLARSHIP PRO PO BOX 7302 RALEIGH,NC27695		501(C)3	STUDENT ASSISTANCE	2,000
NEW START FELLOWSHIP 2513 S LAFAYETTE STREET SHELBY,NC28152		501(C)3	CHURCH OPERATIONS	50
NOAH'S ARK WILDLIFE CENTER INC PO BOX 136 SANDY RIDGE,NC27046		501(C)3	CARE OF WILDLIFE	3,000
PENLAND SCHOOL OF CRAFTS PO BOX 37 PENLAND,NC28765		501(C)3	ANNUAL GIVING	500
REV K RAY HILL MINISTRIES PO BOX 25442 RALEIGH,NC27611		501(C)3	MINISTRY OPERATIONS	5,000
ROTARY CLUB OF SHELBY FOUNDATION PO BOX 2861 SHELBY,NC28151		501(C)3	CHILDRENS PROGRAMS	1,400
SHELBY HIGH SCHOOL 130 E DIXON BLVD SHELBY,NC28152		501(C)3	EDUCATION	630
SHELBY PRESBYTERIAN CHURCH 226 E GRAHAM STREET SHELBY,NC28150		501(C)3	MEMORIAL GIFT	100
ST DOROTHY'S CATHOLIC CHURCH 148 ST DOROTHYS LANE LINCOLNTON,NC28092		501(C)3	CHURCH OPERATIONS	200
ST JUDE CHILDRENS HOSPITAL PO BOX 50 MEMPHIS,TN38101		501(C)3	DISEASES RESEARCH	100
ST JOSEPH'S INDIAN SCHOOL 1301 N MAIN ST CHAMBERLAIN,SD57326		501(C)3	OPERATIONS	200
THE SALVATION ARMY PO BOX 1764 SHELBY,NC28151		501(C)3	THE NEEDY	1,000
UNC TV PO BOX 600067 RALEIGH,NC27675		501(C)3	PUBLIC BENEFIT	100
USO PO BOX 95860 WASHINGTON,DC20077		501(C)3	VETERANS SERVICES	200
WILDLIFE WELFARE INC PO BOX 19432 RALEIGH,NC27619		501(C)3	ANIMAL CARE	1,000
WOUNDED WARRIOR PROJECT PO BOX 758541 TOPEKA,KS66675		501(C)3	VETERANS SERVICES	200
FRIENDS OF FUNDAL PO BOX 99306 RALEIGH,NC27624		501(C)3	RELIEF SERVICES	250
NC STATE UNIVERSITY CAMPUS BOX 7511 RALEIGH,NC27695		501(C)3	EDUCATION	2,500
CHILDRENS HOME OF CLEVELAND CNTY PO BOX 2053 SHELBY,NC28151		501(C)3	GENERAL SERVICES	1,000
Total ................................. 3a				80,545

bApproved for future payment

Total ................................. 3b

Form 990-PF (2013)

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ............			14	147
4 Dividends and interest from securities....			14	32,202
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot 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 .............			14	111,739
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aBELMONT 1 - US 321/74 BYPASS			16	11
bFIFTH THIRD INVESTMENT ACCT.			14	4,763
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				148,862

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

13148,862

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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 (2013)

Page 12

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political

Yes

organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

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

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

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?...........YesNo

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name Firm's address			Firm's EIN
				Phone no.

Form 990-PF (2013)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of organization BAILEY ENDOWMENT INC

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	JOSEPH M WRIGHT FOUNDATION PO BOX 208 SHELBY, NC28151	$7,500	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

Name of organization BAILEY ENDOWMENT INC

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBVIE INC	6,671	8,397
ABSOLUTE STRATEGIES FUND-I
AFLAC INC
AGILENT TECHNOLOGIES, INC.
AIRCASTLE LTD ADR	2,556	3,142
ALERIAN MLP ETF
ALERIAN MLP ETN	10,108	10,625
ALLIANCE DATA SYS	6,188	9,203
ALLIANT CORP
ALLIED WORLD ASSURANCE ADR
ALLSTATE CORP	7,744	7,745
AMERICAN BEACON FDS SMALL CAP	47,240	45,663
AMERICAN CAMPUS CMNTYS INC
AMERICAN CAP AGY CORP
AMERICAN CAP LTD
AMERICAN INTL GROUP INC
AMGEN INC	7,033	7,529
ANHEUSER BUSCH INBEV
ANNALY CAPITAL MANAGEMENT INC
APPLE INC	6,314	7,854
AQR FDS RISK PARITY FD CL I	21,691	20,226
ARTISAN INTERNATIONAL INV	63,885	65,562
AT&T INC	7,211	7,735
ATMEL CORP
AVNET INC	6,981	7,675
BANCO LATINOAMERICAN DE COMERCIO EXT	2,658	4,371
BB&T CORP	7,436	8,770
BHP BILLITON FIN LTD	25,570	25,538
BLACKROCK FDS II STRG OPP INSTL	45,794	45,303
BOEING CO	5,955	8,053
BRISTOL MYERS SQUIBB CO
CA INC	6,906	7,874
CAPITAL ONE FINL CORP
CENTURYTEL INC
CHEVRON CORP	5,824	6,995
CIGNA CORP	6,169	7,873
CMS ENERGY CORP	6,511	6,291
COACH INC
COCA COLA CO
COMCAST CORP	8,978	9,406
CONOCOPHILLIPS	7,098	7,983
CVS/CAREMARK CORP	7,049	9,018
DANAHER CORP
DELTA AIR LINES	4,284	7,444
DEUTSCHE BK AG LONDON SR NT	28,695	28,554
DIGITAL RLTY TR INC	2,578	2,161
DISCOVER FINANCIAL SERVICES	7,081	8,560
DODGE & COX INCOME FD
DOVER CORP	6,608	8,399
DU PONT E I DE NEMOURS & CO	2,448	3,378
EAST WEST BANCORP INC
EASTMAN CHEM	7,066	7,989
EATON CORP PLC SHS	2,738	3,654
EATON VANCE MUT FDS TR	21,206	21,091
EATON VANCE TAX MAN GLBL BR	1,517	1,960
EPR PPTYS	3,215	3,097
EUROPACIFIC GROWTH FD	33,039	44,082
EXXON MOBIL CORP	6,640	7,489
F5 NETWORKS INC
GANNETT INC	3,011	4,496
GATX CORP	2,505	3,495
GENERAL ELECTRIC CO	2,871	3,504
GENUINE PARTS CO	2,442	3,744
GILEAD SCIENCES INC
GLOBAL X FDS GLB X CDA PFD
GOOGLE INC
HALLIBURTON CO	7,281	7,917
HANESBRANDS INC	7,013	9,346
HELMERICH & PAYNE INC	6,408	8,492
HERCULES TECHNOLOGY GROWTH	1,858	3,198
HONEYWELL INTL INC	3,356	5,117
HOSPITALITY PPTYS TR	2,656	3,108
HOTCHKIS & WILEY FUNDS	33,875	35,041
IBM	6,478	6,940
INTEL CORP	7,781	8,539
INTERNATIONAL PAPER CO	7,306	7,600
INVESCO MORTGAGE CAPITAL	1,992	1,453
ISHARES CORE S&P MIDCAP ETF	50,729	65,968
ISHARES S&P PFD STK INDX FN	5,576	5,488
JOHNSON & JOHNSON	6,989	7,419
JOHNSON CTLS INC	7,440	9,183
JP MORGAN CHASE & CO	28,710	28,787
JP MORGAN CHASE & CO	6,030	7,836
JP MORGAN TR INCOME OPP SEL	50,624	50,425
KIMBERLY CLARK CORP	8,609	9,192
KLA TENCOR CORP	3,269	3,868
KRAFT FOODS INC	735	1,078
KROGER CO	6,798	7,708
LINCOLN NATL CORP	6,689	7,846
LOCKHEED MARTIN CORP
LORILLARD INC	7,380	8,464
LTC PPTYS INC	1,845	2,230
MAGNA INTL INC	6,849	8,616
MAINSTAY FDS TR	52,216	59,227
MASTERCARD INC
MCKESSON CORP	8,099	7,909
MEDTRONIC INC
MERCK & CO INC
METLIFE INC	6,521	7,926
MFS GOVT MKTS INCOME TR	1,310	1,123
MICROCHIP TECHNOLOGY INC	3,857	5,057
MICROSOFT CORP
MONDELEZ INTL INC
MOODYS CORP
MYLAN INC	4,108	7,942
NATIONAL HEALTH INVS INC	2,706	3,142
NATIONAL-OILWELL INC
NEW RESIDENTIAL INVT CORP	1,206	1,196
NEWCASTLE INVESTMENT CORP	1,923	895
NEXTERA ENERGY	6,650	7,192
NOBLE CORP
NORFOLK SOUTHERN CORP
NORTHEAST UTILS
OCCIDENTAL PETE CORP
OCCIDENTAL PETROLEUM CORP	25,283	25,086
OLIN CORP	3,706	5,337
OMEGA HEALTHCARE INVS INC	10,164	11,473
OMNICARE INC	7,089	8,631
OPPENHEIMER DVLPING MKTS	62,385	72,416
OPPENHEIMER INTL BD FD CL Y	21,879	21,140
ORACLE CORP	6,799	8,494
PACKAGING CORP OF AMERICA
PENNYMAC MTG INVT TR	1,910	1,837
PFIZER INC	3,040	4,656
PIMCO ALL ASSET ALL AUTH FUND
PIMCO TOTAL RETURN FUND
POWERSHARES EXCHANGE-TRADED FD	3,018	3,010
POWERSHARES EXCHANGE-TRADED FD
PULTE GROUP INC
QUALCOMM INC	6,547	7,277
RAYONIER INC
RAYTHEON CO	8,024	8,163
REALTY INCOME CORP	1,506	1,643
ROCKWOOD HLDGS INC
SANDISK CORP
SBA COMMUNICATIONS CORP
SCHLUMBERGER LTD
SEAGATE TECHNOLOGY PLC SHS	6,093	8,705
SM ENERGY	7,239	7,646
STATE STREET CORP	7,495	8,440
T ROWE PRICE NEW HORIZONS FD	47,301	47,057
T ROWE PRICE SMALL CAP
TELEFONICA BRASIL
TJX COS INC NEW
TORTOISE ENERGY INFASTRUCTURE CORP	7,762	10,106
TORTOISE ENERGY INFRASTRUCTURE CORP
TUPPERWARE BRANDS CORPORATION
TWC FDS INC
UBS E-TRACS ALERIAN MLP	22,163	22,948
UNILEVER
UNION PAC CORP	6,644	7,728
UNITED TECHNOLOGIES	6,679	7,852
UNITEDHEALTH GROUP
VANGUARD REIT ETF	37,457	42,545
VERIZON COMMUNICATIONS	4,779	5,749
VIACOM INC	7,880	8,035
WAL-MART STORES	8,080	8,735
WALGREEN CO
WELLS FARGO & CO	6,448	7,718
WHIRLPOOL CORP	6,667	8,941
WILLIAM BLAIR FDS ALLOC	15,974	16,064
WINDSTREAM CORP

Description	Revenue and Expenses per Books	Net Investment Income
EXPENSES
MISCELLANEOUS EXPENSE FROM K-	238	238
MISCELLANEOUS EXPENSE	211
POSTAGE	46
TRAVEL EXPENSE	50
BOOKS, SUBSCRIPTIONS	133

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
BROKERAGE FEES	16,261	16,261
OUTSIDE CONTRACT SERVICES	3,250

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
BELMONT 1 - US 321/74 BYPASS	11		11
FIFTH THIRD INVESTMENT ACCT.	4,763		4,763