Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo 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.
bulletInformation 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
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 or province, country, and ZIP or foreign postal 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
E 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$1,882,861J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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 412 412  
4 Dividends and interest from securities...... 41,807 41,807  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 277,465
b Gross sales price for all assets on line 6a 1,008,596
7 Capital gain net income (from Part IV, line 2)... 277,465
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 216    
12 Total. Add lines 1 through 11........ 319,900 319,684  
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 10,750 10,750    
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 3,492 700    
19 Depreciation (attach schedule) and depletion... Click to see attachment 1,091    
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 61,740 54,279   7,461
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 77,073 65,729   7,461
25 Contributions, gifts, grants paid........ 325,542 325,542
26 Total expenses and disbursements. Add lines 24 and 25 402,615 65,729   333,003
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -82,715
b Net investment income (if negative, enter -0-) 253,955
c Adjusted net income (if negative, enter -0-)...  
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
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 350,944 451,533 451,533
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 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........... 2,792    
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 976,762 Click to see attachment1,077,593 1,431,328
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)........... 803,524 Click to see attachment522,985  
14 Land, buildings, and equipment: basis bullet10,540
Less: accumulated depreciation (attach schedule) bullet7,858 3,774 Click to see attachment2,682  
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,137,796 2,054,793 1,882,861
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 2,137,796 2,054,793
30 Total net assets or fund balances (see page 17 of the
instructions).................... 2,137,796 2,054,793
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 2,137,796 2,054,793
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 2,137,796
2 Enter amount from Part I, line 27a..................... 2 -82,715
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 2,055,081
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 288
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 2,054,793
Form 990-PF (2013)
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 195 ENCANA CORP P 2012-02-22 2013-04-17
b 30 ISHARES RS 2000 GROWTH P 2011-12-29 2013-09-04
c 186 POTASH CORP SASKATCHEWAN P 2012-09-20 2013-11-04
d 196 WEATHERFORD INTL LTD P 2012-12-31 2013-12-19
e 375 MARATHON PETROLEUM P 2013-01-11 2013-04-15
1500 HIMAX TECHNOLOGIES P 2013-07-12 2013-08-19
283 EASTMAN CHEMICAL CO P 2012-02-03 2013-12-20
705 ISHARES GOLD TR P 2011-12-29 2013-04-17
16 SPDR S&P MIDCAP 400 P 2011-12-29 2013-09-04
82 PROCTOR & GAMBLE P 2011-08-09 2013-11-04
CASH IN LIEU-ITAU UNIBANCO P 2012-12-31 2013-06-04
680 COCA COLA P 2006-08-17 2013-07-12
711 MASCO CORP P 2013-05-15 2013-08-07
PASS THRU-MERLIN/AFTON LP P   2013-12-31
264 COOPER TIRE RUBBER P 2012-07-30 2013-04-17
200 MUELLER WTR PRODS INC P 2012-02-23 2013-09-04
14 PROCTOR & GAMBLE P 2012-07-30 2013-11-04
CASH IN LIEU-BANCO SANTANDER P 2013-08-19 2013-08-19
10 COCA COLA P 2008-11-26 2013-07-12
400 CAMPBELL SOUP CO P 2013-03-21 2013-09-05
PASS THRU-MERLIN/AFTON LP P   2013-12-31
33 ENCANA CORP P 2012-08-06 2013-04-17
15 PRUDENTIAL FINANCIAL P 2011-09-14 2013-09-04
31 ACTAVIS PLC SHS P 2013-10-01 2013-11-04
CASH IN LIEU-BANCO SANTANDER P 2013-11-21 2013-11-21
700 COCA COLA P 2008-11-26 2013-07-17
257 CBOE HOLDINGS P 2013-06-28 2013-09-04
94 FAMILY DOLLAR STORES P 2012-12-31 2013-04-17
16 RIO TINTO PLC SPNSRD P 2012-06-20 2013-09-04
97 SANOFI ADR P 2013-04-17 2013-11-04
221 NUVEEN MORTGAGE OPRTNITY P 2010-03-09 2013-01-02
44 AMGEN INC P 2012-09-06 2013-07-11
72 CIGNA CORP P 2013-09-04 2013-09-20
202 FREEPRT-MCMRAN CPR P 2012-07-30 2013-04-17
35 TIME WARNER INC P 2012-06-27 2013-09-04
168 AMERICAN WTR WORKS CO P 2008-11-04 2013-12-19
600 NUVEEN MORTGAGE OPRTNITY P 2010-03-09 2013-01-02
123 INTL BUSINESS MACHINES P 2013-03-21 2013-07-12
300 QUESTCOR PHARMACEUTICALS P 2013-08-19 2013-09-20
126 ISHARES GOLD TR P 2012-07-30 2013-04-17
25 WELLS FARGO & CO P 2012-06-20 2013-09-04
28 AMERICAN WTR WORKS CO P 2012-07-30 2013-12-19
179 NUVEEN MORTGAGE OPRTNITY P 2010-03-09 2013-01-02
250 KIMBERLY CLARK P 2012-08-17 2013-07-23
250 ELI LILLY & CO P 2011-11-15 2013-10-08
151 LAS VEGAS SANDS CORP P 2012-09-28 2013-04-17
80 ACTAVIS INC P 2012-06-27 2013-10-01
304 GENERAL ELECTRIC P 2011-12-29 2013-12-19
500 NUVEEN MORTGAGE OPRTNITY P 2011-07-19 2013-01-02
750 SECTOR SPDR FINANCIAL P 2012-09-14 2013-07-12
250 ELI LILLY & CO P 2011-11-15 2013-10-08
727 STEELCASE INC A P 2012-06-20 2013-04-17
205 SPIRIT AIRLS INC P 2012-07-30 2013-10-23
43 GENERAL ELECTRIC P 2012-07-30 2013-12-19
800 ORACLE CORP P 2013-01-11 2013-03-21
2036 WISDOMTREE INVTS P 2013-05-15 2013-06-28
353 LINEAR TECHNOLOGY CORP P 2013-07-17 2013-10-16
10 ACTAVIS INC P 2012-06-27 2013-09-04
70 ACCENTURE PLC SHS P 2011-08-11 2013-11-04
85 RIO TINTO PLC SPNSRD ADR P 2012-06-20 2013-12-19
171 TESORO CORP P 2012-08-02 2013-03-11
300 ALTRIA GROUP P 2009-01-15 2013-08-23
272 REYNOLDS AMERICAN INC P 2013-07-17 2013-10-24
40 AVIS BUDGET GROUP P 2011-12-29 2013-09-04
36 ACCENTURE PLC SHS P 2011-08-19 2013-11-04
214 WALTER ENERGY P 2012-09-28 2013-12-19
350 TESORO CORP P 2012-08-17 2013-03-11
700 ALTRIA GROUP P 2009-01-15 2013-08-23
400 VERISK ANALYTICS INC P 2011-11-15 2013-11-20
3 APPLE INC P 2011-07-08 2013-09-04
15 ACCENTURE PLC SHS P 2012-08-06 2013-11-04
447 WEATHERFORD INTL LTD P 2012-07-30 2013-12-19
500 MARATHON PETROLEUM P 2012-02-03 2013-04-15
102 EXXON MOBIL CORP P 2011-01-03 2013-08-21
106 APOLLO GLOBAL MGMT P 2013-10-16 2013-11-08
10 CUMMINS INC P 2012-06-20 2013-09-04
208 MARKET VECTORS AGRBUSNSS P 2012-06-27 2013-11-04
169 EMBRAER SA SPONSRD ADR P 2012-12-31 2013-12-19
397 COMMUNITY HEALTH SYS P 2012-09-06 2013-04-17
200 EXXON MOBILE CORP P 2011-02-10 2013-08-21
343 ROSETTA RESOURCES P 2013-08-21 2013-11-08
15 ISHARES S&P GLBL HEALTH P 2011-08-19 2013-09-04
172 ISHARES RS 2000 GROWTH P 2011-12-29 2013-11-19
734 SUNOPTA INC P 2013-11-04 2013-12-19
648 COOPER TIRE RUBBER P 2012-09-14 2013-03-28
48 EXXON MOBILE CORP P 2013-07-11 2013-08-21
173 ROSETTA RESOURCES P 2013-09-05 2013-11-08
20 MKT VECTORS AGRBUSNSS P 2012-06-27 2013-09-04
99 SPDR S&P MIDCAP 400 ETF P 2011-12-29 2013-11-19
54 WALTER ENERGY INC P 2012-12-31 2013-12-19
450 HOLLYFRONTIER CORP P 2013-01-11 2013-03-28
2000 HIMAX TECHNOLOGIES P 2013-06-26 2013-08-19
167 EASTMAN CHEMICAL CO P 2012-02-03 2013-12-20
(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 3,560   3,925 -365
b 3,588   2,542 1,046
c 5,945   8,230 -2,285
d 2,854   2,202 652
e 29,135   23,572 5,563
8,777   8,183 594
21,380   15,364 6,016
9,345   10,636 -1,291
3,477   2,563 914
6,670   4,929 1,741
8   7 1
27,839   14,984 12,855
14,252   15,864 -1,612
57,417     57,417
6,202   4,483 1,719
1,516   624 892
1,139   911 228
5     5
409   221 188
16,741   17,038 -297
56,381     56,381
602   729 -127
1,172   726 446
4,816   4,464 352
7     7
28,574   15,477 13,097
11,606   12,103 -497
5,758   5,950 -192
767   783 -16
5,115   5,106 9
6,077   5,523 554
4,505   3,734 771
5,664   5,767 -103
5,610   6,797 -1,187
2,160   1,337 823
6,984   3,366 3,618
16,500   14,995 1,505
23,657   25,871 -2,214
16,427   19,807 -3,380
1,678   2,007 -329
1,033   823 210
1,164   1,030 134
4,922   4,475 447
24,354   20,992 3,362
11,997   9,402 2,595
7,956   6,997 959
11,520   5,746 5,774
8,142   5,528 2,614
13,750   11,740 2,010
15,225   12,259 2,966
11,979   9,403 2,576
9,149   6,226 2,923
8,636   4,330 4,306
1,152   897 255
26,001   27,960 -1,959
23,612   26,624 -3,012
13,722   14,251 -529
1,387   718 669
5,079   3,859 1,220
4,541   4,158 383
9,606   5,239 4,367
10,063   4,869 5,194
13,733   14,309 -576
1,104   434 670
2,612   1,793 819
3,160   6,961 -3,801
19,661   13,767 5,894
23,480   11,361 12,119
25,013   14,812 10,201
1,497   1,082 415
1,088   915 173
6,508   5,558 950
38,847   21,957 16,890
8,871   7,580 1,291
3,273   3,406 -133
1,270   962 308
10,978   10,108 870
5,292   4,817 475
16,500   11,186 5,314
17,394   16,621 773
18,362   15,258 3,104
1,165   773 392
22,280   14,575 7,705
6,276   7,972 -1,696
16,526   14,995 1,531
4,175   4,487 -312
9,261   8,357 904
990   972 18
23,469   15,856 7,613
797   1,932 -1,135
23,217   19,976 3,241
11,703   10,938 765
12,617   9,065 3,552
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       -365
b       1,046
c       -2,285
d       652
e       5,563
      594
      6,016
      -1,291
      914
      1,741
      1
      12,855
      -1,612
      57,417
      1,719
      892
      228
      5
      188
      -297
      56,381
      -127
      446
      352
      7
      13,097
      -497
      -192
      -16
      9
      554
      771
      -103
      -1,187
      823
      3,618
      1,505
      -2,214
      -3,380
      -329
      210
      134
      447
      3,362
      2,595
      959
      5,774
      2,614
      2,010
      2,966
      2,576
      2,923
      4,306
      255
      -1,959
      -3,012
      -529
      669
      1,220
      383
      4,367
      5,194
      -576
      670
      819
      -3,801
      5,894
      12,119
      10,201
      415
      173
      950
      16,890
      1,291
      -133
      308
      870
      475
      5,314
      773
      3,104
      392
      7,705
      -1,696
      1,531
      -312
      904
      18
      7,613
      -1,135
      3,241
      765
      3,552
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 2 277,465
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 83,605
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))
2012 497,343 2,712,223 0.183371
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
2 Total of line 1, column (d) ...................... 2 0.694432
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 0.138886
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 2,645,581
5 Multiply line 4 by line 3....................... 5 367,434
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 2,540
7 Add lines 5 and 6......................... 7 369,974
8 Enter qualifying distributions from Part XII, line 4.............. 8 333,003
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)
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 Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 5,079
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 5,079
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 5,079
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 2,792
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 5,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 7,792
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 2,713
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet2,713 RefundedBullet 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 2013 or the taxable year beginning in 2013 (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 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)
    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
    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 2013?.............
    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 2013, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2013?...............
    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 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.)....................
    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 2013?
    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 (2013)
    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
    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 (2013)
    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.)
    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
     
    b
    Average of monthly cash balances.......................
    1b
     
    c
    Fair market value of all other assets (see instructions)................
    1c
     
    d
    Total (add lines 1a, b, and c).........................
    1d
     
    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
     
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
     
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
     
    6
    Minimum investment return. Enter 5% of line 5..................
    6
     
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    132,279
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    5,079
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,079
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    127,200
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    127,200
    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
    127,200
    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
     
    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
     
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
     
    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)
    Form 990-PF (2013)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2012     		(c)
    2012     		(d)
    2013
    1 Distributable amount for 2013 from Part XI, line 7 127,200
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2013:
    a From 2008....... 197,317
    b From 2009....... 331,803
    c From 2010....... 284,974
    d From 2011....... 311,527
    e From 2012....... 364,430
    fTotal of lines 3a through e......... 1,490,051
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 333,003
    a Applied to 2012, 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 2013 distributable amount..... 127,200
    e Remaining amount distributed out of corpus 205,803
    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 1,695,854
    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 ..........     		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 2008 not
    applied on line 5 or line 7 (see instructions) ...     		197,317
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		1,498,537
    10 Analysis of line 9:
    a Excess from 2009.... 331,803
    b Excess from 2010.... 284,974
    c Excess from 2011.... 311,527
    d Excess from 2012.... 364,430
    e Excess from 2013.... 205,803
    Form 990-PF (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 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) 2013 (b) 2012 (c) 2011 (d) 2010
             
    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 (2013)
    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)
    aPaid during the year
    CAMP SEAGULL
    218 SEA GULL LANDING
    ARAPAHOE,NC28510     		    FOR OPERATING FUNDS 1,000
    CAMP MERRIEWOODS FDN
    100 MERRIE-WOODE ROAD
    SAPPHIRE,NC28774     		    FOR OPERATING FUNDS 1,000
    UNC
    PO BOX 309
    CHAPEL HILL,NC27514     		    FOR OPERATING FUNDS 30,000
    CATO INSTITUTE
    1000 MASSACHUSETTS AVENW
    WASHINGTON,DC20001     		    FOR OPERATING FUNDS 30,000
    PHILANTHROPHY ROUNDTABLE
    1730 M ST NW
    WASHINGTON,DC20036     		    FOR OPERATING FUNDS 5,000
    MYERS PARK TRINITY LITTLE LEAGUE
    PO BOX 11156
    CHARLOTTE,NC28220     		    FOR OPERATING FUNDS 2,850
    MYERS PARK PRESBYTERIAN CHURCH
    2501 OXFORD PLACE
    CHARLOTTE,NC28207     		    FOR OPERATING FUNDS 7,500
    COMMUNITY SCHOOL OF THE ARTS
    345 NORTH COLLEGE ST
    CHARLOTTE,NC28202     		    FOR OPERATING FUNDS 2,000
    US LACROSSE FDN
    113 WEST UNIVERSITY PKWY
    BALTIMORE,MD21210     		    FOR OPERATING FUNDS 1,000
    CHARLOTTE COUNTRY DAY SCHOOL
    1440 CARMEL ROAD
    CHARLOTTE,NC28226     		    FOR OPERATING FUNDS 12,750
    JOHN LOCKE FDN
    200 W MORGAN200
    RALEIGH,NC27601     		    FOR OPERATING FUNDS 40,000
    NC INSTITUTE FOR CONSTIT LAW
    200 W MORGAN ST
    RALEIGH,NC27601     		    FOR OPERATING FUNDS 48,500
    CHRIST SCHOOL
    500 CHRIST SCHOOL ROAD
    ARDEN,NC28704     		    FOR OPERATING FUNDS 9,750
    VIRGINIA ATHLETHIC FDN
    1815 STADIUM RD
    CHARLOTTESVILLE,VA22903     		    FOR OPERATING FUNDS 25,000
    JEFFERSON SCHOLARS PROGRAM
    PO BOX 400891
    CHARLOTTESVILLE,VA22903     		    FOR OPERATING FUNDS 12,500
    US AGAINST ALZHEIMERS
    1101 K ST NW
    WASHINGTON,DC20005     		    FOR OPERATING FUNDS 10,000
    CHILDRENS NATL MEDICAL CTR
    111 MICHIGAN AVE NW
    WASHINGTON,DC20310     		    FOR OPERATING FUNDS 15,000
    CANTERBURY SCHOOL
    101 ASPETUCK AVENUE
    NEW MILFORD,CT06776     		    FOR OPERATING FUNDS 5,000
    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
    HILLSDALE COLLEGE
    33 E COLLEGE ST
    HILLSDALE,MI49242     		    FOR OPERATING FUNDS 500
    NC DANCE THEATRE
    701 N TRYON ST
    CHARLOTTE,NC28202     		    FOR OPERATING FUNDS 2,000
    USGA
    PO BOX 708
    FAR HILLS,NJ07931     		    FOR OPERATING FUNDS 2,500
    CHARLOTTE FIRE FIGHTERS
    4419 MONROE RD
    CHARLOTTE,NC28205     		    FOR OPERATING FUNDS 442
    J W POPE CTR FOR HIGHER EDUCATION
    353 E SIX FORKS RD
    RALEIGH,NC27609     		    FOR OPERATING FUNDS 2,500
    CHARLOTTE MECKLENBURG FOP 9
    5501 EXECUTIVE CENTER DR
    CHARLOTTE,NC28212     		    FOR OPERATING FUNDS 800
    URBAN MINISTRY
    945 NORTH COLLEGE ST
    CHARLOTTE,NC28206     		    FOR OPERATING FUNDS 1,000
    HERITAGE FOUNDATION
    214 MASSACHUSETTS AVENE
    WASHINGTON,DC20002     		    FOR OPERATING FUNDS 1,000
    MILLER CENTER FUND
    PO BOX 400406
    CHARLOTTESVILLE,VA22904     		    FOR OPERATING FUNDS 2,500
    DOWD YMCA
    500 E MOREHEAD STSTE 300
    CHARLOTTE,NC28202     		    FOR OPERATING FUNDS 1,000
    AMERICAN ENTERPRISE INSTITUTE
    1150 17TH STNW
    WASHINGTON,DC20036     		    FOR OPERATING FUNDS 2,500
    THE STICK WITH US ORGANIZATION
    PO BOX 77043
    CHARLOTTE,NC28271     		    FOR OPERATING FUNDS 2,500
    THE GEANCO FOUNDATION
    350 S GRAND AVE25THFLOOR
    LOS ANGELES,CA90071     		    FOR OPERATING FUNDS 2,500
    NATL MULTIPLE SCLEROSISBLUE RIDGE
    1020 CARRINGTON PLACE
    CHARLOTTESVILLE,VA22901     		    FOR OPERATING FUNDS 1,000
    CHILDRENS MIRACLE NETWORK
    ST JUDES262 DANNY THOMAS
    MEMPHIS,TN38105     		    FOR OPERATING FUNDS 250
    HOLY TRINITY CHURCH
    850 BALLS HILL RD
    MCLEAN,VA22101     		    FOR OPERATING FUNDS 1,500
    ST LUKES CATHOLIC CHURCH
    7001 GEORGETOWN PIKE
    MCLEAN,VA22101     		    FOR OPERATING FUNDS 1,500
    ROANOKE ISLAND HISTORICAL ASSOC
    1409 NATIONAL PARK DR
    MANTEO,NC27954     		    FOR OPERATING FUNDS 2,500
    ELON UNIVERSITY
    100 CAMPUS DR
    ELON,NC27244     		    FOR OPERATING FUNDS 5,000
    CENTRAL CROSS COUNTRY SKIING
    PO BOX 930442
    VERONA,WI53593     		    FOR OPERATING FUNDS 20,000
    COMMON GROUNDS
    PO BOX 561022
    CHARLOTTE,NC28256     		    FOR OPERATING FUNDS 700
    ULMAN CANCER FUND FOR YOUNG ADULTS
    921 E FORT AVESTE 325
    BALTIMORE,MD21230     		    FOR OPERATING FUNDS 7,500
    APPALCAHIAN GREAT PYRENEES
    8976 BATTLEFIELD PARK RD
    RICHMOND,VA23231     		    FOR OPERATING FUNDS 1,000
    Total .................................bullet 3a 325,542
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2013)
    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
    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 ............     		    14 412  
    4 Dividends and interest from securities....     14 41,807  
    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 .............     		    18 277,465  
    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)..   319,684 216
    13Total. Add line 12, columns (b), (d), and (e)..................
    13319,900
    (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 (2013)
    Form 990-PF (2013)
    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 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    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 (2013)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2013 AccountingFeesSchedule
    Name:
    KPB CORPORATION
    EIN: 94-3418538
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
      10,750 10,750    

    TY 2013 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 2013 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 2,747 S/L 5.0000        
    OFFICE CHAIR 2010-09-23 1,701 547 S/L 7.0000 243      
    MAC COMPUTER 2010-09-08 2,844 1,327 S/L 5.0000 569      
    PRINTER 2010-12-08 616 257 S/L 5.0000 123      
    IPAD 2012-09-30 782 39 S/L 5.0000 156      

    TY 2013 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 7,813
    AMER WTR WKS CO    
    MASTERCARD-12 EOY 3,976 12,532
    FIRST EAGLE OVERSEAS-6589 95,833 105,585
    50 SH BLACKROCK 32,761 33,594
    1000 NUVEEN MRTGE OPRTNTY    
    500 NUVEEN MRTGE OPRTNTY    
    FT 4437 EUROPEAN DEEP VALUE 25,010 25,624
    FT 4449 RICHARD BERSTEIN ADV 20,008 20,890
    FT 4439 RICHARD BERSTEIN ADV 20,001 20,682
    FIDELITY ADV INTL-EOY-5739 55,890 53,463
    FID ADV NEW INSIGHT-EOY 1373 13,568 36,715
    1000 SH ALTRIA    
    340 SH COCA COLA    
    355 SH COCA COLA    
    COCA COLA-EOY 302 12,656 13,327
    500 SH DANAHER CORP 13,843 38,600
    QUALCOMM-EOY-66 4,121 6,014
    JP MORGAN CHASE-EOY-110 4,005 6,433
    UNITED HEALTHGROUP 5,043 6,099
    AMERICA MOVIL SAB 4,807 4,838
    TRANSOCEAN 7,811 8,055
    ALLEGHENY TECH 4,803 5,630
    BANK OF AMERICA 7,753 10,229
    MACQUARIE GL INFRSTRC 7,213 8,288
    PROCTER & GAMBLE    
    APPLE -EOY-19 9,365 12,903
    ACCENTURE    
    ISHARES S&P GLBL HEALTH-EOY-130 8,661 13,948
    LVMH MOET HENNESSY-EOY-162 6,256 7,466
    PRUDENTIAL FINL-EOY-57 3,544 6,640
    PFIZER-EOY-1000 19,955 30,630
    EXXON    
    DISCOVER FINL SVCS-EOY-700 17,087 39,165
    TJX COS-EOY-415 24,042 52,896
    ELI LILLY & CO    
    VERISK ANALYTICS    
    POTASH CORP    
    ITAU UNIBANCO BANCO 7,155 6,486
    CARNIVAL CORP 9,322 10,966
    ROCHE HOLDING LTD 5,346 8,845
    ORACLE CORP 5,313 7,729
    ACTIVIS PLC SHS 7,056 8,232
    ISHARES GOLD TR    
    ISHARES S&P MIDCAP 400 GR 12,493 19,048
    DR PEPPER SNAPPLE 4,317 5,164
    ISHARES RS 2000 GROWTH 12,378 19,378
    SPDR CONSMRS STPL 10,157 10,745
    CONTINENTAL RESOURCES 6,843 11,139
    FREEPRT-MCMRAN CPR    
    AVIS BUDGET GROUP 4,995 17,502
    MARKET VECTORS AGRBUSNSS    
    UNION PACIFIC 3,679 5,880
    GENERAL ELECTRIC    
    NOVO NORDISK 5,485 8,499
    ROCKWELL AUTOMATION 6,569 10,871
    CUMMINS,INC 3,846 5,639
    STEELCASE INC    
    TIME WARNER 6,076 11,085
    WATSON PHARMACEUTICALS    
    RIO TINTO PLC    
    GOLDMAN SACHS 11,269 16,943
    ROYAL CARIBBEAN CRUISES 7,070 11,049
    WALTER ENERGY INC    
    LAS VEGAS SANDS    
    COOPER TIRE RUBBER    
    WEATHERFORD INTL LTD    
    WABTEC 4,491 8,318
    HARMAN INTL TOOLS 5,578 11,295
    SPIRIT AIRLS INC 2,577 5,540
    JETBLUE AIRWAYS 4,841 7,131
    KINDER MORGAN 7,204 7,380
    MARRIOTT INTL 4,807 6,366
    NATL OILWELL VARCO 7,215 8,430
    STARWOOD PPTY TR 9,594 11,579
    ABBVIE INC 2,421 4,225
    BANCO SANTANDER SA 5,458 7,147
    RANGE RESOURCES CORP 5,092 5,986
    SCHLUMBERGER 7,600 9,642
    FOSTER WHEELER AG 7,799 9,603
    AXIALL CORP 5,159 6,262
    HERTZ GLOBAL HOLDINGS 5,255 6,497
    NORWEGIAN CRUISE LINE 7,715 8,477
    HOLLYFRONTIER CORP 7,696 7,901
    ROPER INDUSTRIES 7,736 8,043
    WELLS FARGO 4,016 5,539
    UNITED TECHS CORP 3,604 5,576
    GOOGLE 3,823 6,724
    ABBOTT LABS 6,896 7,858
    ENCANA CORP    
    MERCK & CO 11,977 12,563
    ENDO HEALTH SOLUTIONS 13,942 23,206
    FMC CORP 15,240 17,507
    TENNECO 8,301 11,993
    EASTMAN CHEMICAL    
    FIRST TR ISE REVERE 27,085 29,250
    VIACOM 11,948 22,359
    STERICYCLE 18,955 24,047
    TESORO CORP    
    SPDR SP HOMEBUILDERS 21,060 29,970
    KIMBERLY CLARK    
    AMGEN INC    
    COMMUNITY HEALTH SYS NEW    
    COOPER TIRE RUBBER    
    MYLAN INC 21,773 30,814
    SECTOR SPDR FINANCIAL 12,259 16,395
    MARATHON OIL    
    CISCO SYSTEMS 20,946 22,430
    SONIC CORP 16,359 23,017
    REGIONS FINL CORP 9,520 9,890
    TRW AUTOMOTIVE HLDGS 12,834 14,878
    HUNTNGTN BANCSHS 16,518 19,300
    GENERAC HLDGS INC 12,265 16,765
    SKYWORKS SOLUTIONS 12,228 14,480
    SWIFT TRANSPORTATION CO 18,231 20,011
    HALLIBURTON COMPANY 14,198 14,514
    CELGENE CORP 23,112 25,345
    US SILICA HLDGS INC 22,008 23,877
    UBIQUITI NETWORKS INC 10,313 12,042
    BRISTOL-MYERS SQUIBB CO 15,531 15,945
    MEMORIAL PRODUCTION PRTN 14,839 15,358
    MUELLER WATER PRODUCTS 5,665 16,594

    TY 2013 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 522,985  

    TY 2013 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 7,858 2,682  


    TY 2013 OtherDecreasesSchedule
    Name:
    KPB CORPORATION
    EIN: 94-3418538
    Description Amount
    1/2 DINNER MEETING EXPENSE 288


    TY 2013 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 54,279 54,279    
    OFFICE SUPPLIES 396     396
    POSTAGE AND DELIVERY 688     688
    TELECOMMUNICATIONS 1,681     1,681
    DUES AND SUBSCRIPTIONS 1,135     1,135
    BANK CHARGES 70     70
    REPAIRS 1,250     1,250
    TRAVEL 1,953     1,953
    1/2 DINNER MEETING EXPENSE 288     288


    TY 2013 OtherIncomeSchedule2
    Name:
    KPB CORPORATION
    EIN: 94-3418538
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
      216    


    TY 2013 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 700 700    
    FEDERAL EXCISE TAX ESTIMATE-CUR 2,792